How much are AVTRIP points worth?
As of the last day of each calendar year, any awarded AVTRIP Points and associated Accelerator Points are redeemed into cash at the rate of $25.00 for each cumulative group of 5,000 AVTRIP and Accelerator Points in the AVTRIP Account (each an “AVTRIP Award”).
What is Avtrip?
AVTRIP is the aviation industry’s preferred loyalty program. Membership–which is free–allows individuals or companies to receive AVTRIP Points for qualified fuel purchases within the Avfuel FBO Network and participation in AVTRIP-sponsored activities.
What is an avfuel Pro card?
The Avfuel Pro card can be used for Avfuel Contract Fuel, retail fuel, or non-fuel flight expenses (no fuel purchase required) anywhere within the Avfuel Network.
How does contract fuel work?
The wholesale provider agrees to provide you with fuel at a specified volume and price. A typical fuel contract determines a set price per gallon for the amount of time agreed upon by both parties. Fuel prices may fluctuate during that time, but the price you pay stays the same due to the fuel contract in place.
What is fixed fuel?
A fixed-forward contract means you “lock-in” a set price per gallon that is guaranteed throughout the contract period, regardless of how crazy the market behaves.
What is gas contract?
Gas Contract means any contract, agreement or other obligation of any of the Company, Manta Ray or Nautilus to purchase fuel gas, buy or sell linepack gas or transport, exchange, gather, process or otherwise handle natural gas.
What is ballast fuel?
Ballast fuel is sometimes carried to maintain the aircraft centre of gravity within limits. In certain aeroplanes, a zero fuel weight above a defined threshold requires that a minimum amount of fuel be carried in the wings through all phases of flight to prevent excessive wing bending.
How do I sell my natural gas contract?
The most common way that traders take a position on natural gas is with a futures contract, such as the Henry Hub natural gas futures contract on the CME. With a futures contract, traders agree to the delivery of a certain amount of natural gas at a set date in the future for an agreed-upon price.
What is shortfall gas?
Shortfall Gas is any quantity of Natural Gas not made available by SELLER at Delivery Point in respect of any Day of Delivery Period for reasons other than Force Majeure.
What is the formula for ballast?
The formula for this calculation is (D-f)LWL x B, where D = molded depth, f = freeboard, LWL = vessel length at waterline and B = beam of the vessel. Divide the amount of ballast to be added or removed by 64.1.
What is takeoff fuel?
Trip Fuel / Burn / Fuel to Destination The Trip fuel is the required fuel quantity from brake release on takeoff at the departure aerodrome to the landing touchdown at the destination aerodrome. This quantity includes the fuel required for: Takeoff. Climb to cruise level.
Is natural gas good to trade?
Natural gas is one of the most commonly-traded commodities out there. Being highly volatile, it presents plenty of opportunities for traders.
What are makeup rights?
3) Makeup Rights This is a right of the buyer in any contract year after it has made a ‘Take or Pay’ payment and has taken the delivery of Annual contract quantity for that contract year to take without payment or with reduced payment a quantity of gas equal to the deficiency quantity.
Will energy prices rise in 2023?
Relative to January 2022 projections, the prices of energy commodities are now expected to be 46 percent higher on average in 2023.