3/5/2023 0 Comments Pcc vessel meaningReuters Screen LIBOR Page means the display on the Reuters screen LIBOR01 page or LIBOR02 page, as specified in applicable pricing supplement, on the Reuters 3000 Xtra service (or any successor service) (or any replacement page or pages on the Reuters 3000 Xtra service or any successor service on which London interbank rates of major banks for the relevant index currency are displayed). Reuters Screen US PRIME 1 Page means the display on the Reuter Monitor Money Rates Service (or any successor service) on the "US PRIME 1" page (or any other page as may replace that page on that service) for the purpose of displaying prime rates or base lending rates of major United States banks. London Stock Exchange means London Stock Exchange plc London Business Day means any Business Day on which dealings in deposits in United States Dollars are transacted in the London interbank market. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the arithmetic mean of all such rates (rounded upwards, if necessary, to the nearest 1/100 of 1%). Interbank Offered Rate means, for any Eurodollar Loan for any Interest Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen LIBO Page as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. ![]() A “London Banking Day” is a day on which banks in London are open for business and dealing in offshore dollars.Īdjusted London Interbank Offered Rate applicable to any Interest Period means a rate per annum equal to the quotient obtained (rounded upward, if necessary, to the next higher 1/100 of 1%) by dividing (i) the applicable London Interbank Offered Rate by (ii) 1.00 minus the Euro-Dollar Reserve Percentage. ![]() If such rate is not available at such time for any reason, then the rate for that interest period will be determined by such alternate method as reasonably selected by the Bank. Dollar deposits (for delivery on the first day of such interest period) with a term equivalent to such interest period. London time two (2) London Banking Days before the commencement of the interest period, for U.S. London Inter-Bank Offered Rate means, for any applicable interest period, the rate per annum equal to the British Bankers Association LIBOR Rate (“BBA LIBOR”), as published by Reuters (or other commercially available source providing quotations of BBA LIBOR as selected by the Bank from time to time) at approximately 11:00 a.m. London Interbank Offered Rate has the meaning set forth in Section 2.07(b). London Banking Day means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market. In adverse weather conditions, vessels may be asked to use an alternative boarding or landing location in accordance with advice notified at the time by London VTS NON-AVAILABILITY OF PILOTS Vessels for which pilotage is compulsory under the requirements of the PLA Directions but for which no Pilot is immediately available, shall not navigate within the London Pilotage District without having first obtained the permission of the Port of London Harbourmaster at London VTS.Ī ULCS or a Vessel carrying LNG in bulk must submit a passage plan to London VTS no less than 6 hours before the planned voyage. London VTS, through the Port Control Centre (PCC), Gravesend and the Thames Barrier Navigational Centre (TBNC), Woolwich monitors and manages vessel traffic within two separate areas of responsibility.Ĭheck the device for any warning lights – if in any doubt contact London VTS.īookings should be made through London VTS via or via telephone 02. Vessels using the North East Spit pilot station may be instructed by London VTS to use the NE Goodwin pilot boarding position. However, the planned boarding area may be changed by London VTS in the event of poor weather, adverse tides or other operational reasons and your passage plan should allow this. When a departing vessel is secured in the lock and levelling down, the Master or Pilot must call Port Control London VTS on VHF Channel 68 using the vessel’s main VHF set. Any defects with portable PLA isophase keying devices should be reported to London VTS immediately and reported at the time the device is collected.Īt this stage it may be necessary for the PCC London VTS to manage approaching traffic in order to avoid conflict.
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