Closed-Loop definition
Examples of Closed-Loop in a sentence
Owner’s obligation to pay liquidated damages under section 3.4(a) shall cease and the Cure Period shall end at the time the Vessel discharges regasified LNG at each of the Closed Loop ▇▇▇▇▇ Rate, the Combined Mode ▇▇▇▇▇ Rate and the Open Loop ▇▇▇▇▇ Rate as demonstrated in new ▇▇▇▇▇ Trials for such Deficient Mode.
In the event the use of neither the Commissioning Facility nor a Terminal Facility located in the Republic of Korea is arranged at least three (3) months prior to the Scheduled Delivery Date and ▇▇▇▇▇ Trials are not performed prior to delivery, Charterer shall have no right to reject the Vessel for any deficiency in the Closed Loop ▇▇▇▇▇ Rate, the Open Loop ▇▇▇▇▇ Rate and the Combined Mode ▇▇▇▇▇ Rate.
In the Closed Loop Mode, the Vessel shall be capable of discharging regasified LNG at an average rate of not less than ***** mmscf/d (the “Closed Loop ▇▇▇▇▇ Rate”), with a pressure of ***** bar and a temperature of *****F (*****C) at the main deck isolation valve.
Upon completion of such repairs, Charterer shall have the right to conduct ▇▇▇▇▇ Trials at a Terminal Facility or at an LNGRV Buoy as part of a voyage discharge and to re-adjust the Closed Loop ▇▇▇▇▇ Rate, the Open Loop ▇▇▇▇▇ Rate and the Combined Mode ▇▇▇▇▇ Rate in accordance with the results of such ▇▇▇▇▇ Trials.
In such event, Owner shall have no liability for guaranteed regasified LNG discharge rates under section 16.3 until the Closed Loop ▇▇▇▇▇ Rate, the Open Loop ▇▇▇▇▇ Rate and the Combined Mode ▇▇▇▇▇ Rate are established at ▇▇▇▇▇ Trials conducted at the discretion of Charterer.