Document ID: chunk:federal_register_of_legislation:C2007C00185:clause:1_25
Version: federal_register_of_legislation:C2007C00185
Segment Type: clause
Provision Reference: sch 1 cl 25
Character Range: 16946–17681

25  Section 10
Insert:

FPSO (short for Floating Product, Storage and Offtake) means a ship that is:
 (a) constructed or modified to accept petroleum, directly or indirectly, from a sub‑sea well or pipeline; and
 (b) capable of storing the petroleum and delivering it to another ship or pipeline; and
 (c) capable of modifying the petroleum while in storage on the ship to suit it for transport or to fit it for the commercial requirements of consignees; and
 (d) designed to be disconnected from its mooring during bad weather, operational emergencies, or for the purposes of maintenance or survey;
but does not include a facility that is designed to remain permanently moored for the production life of the related petroleum field.