The LNG terminals are characterized by a large number of ships entering the port during the winter season due to the seasonality of rapidly increasing demand for heating. In winter, there is a shortage of dolphin jetty wharf (dolphins), which increases the waiting rate for ships. Therefore, there is a practical argument that dolphins should be additionally built to solve the ship standby problem. This study proposes the proper LNG handling capacity of a terminal with multiple dolphins of different size. Studies on calculating the LNG handling capacity of LNG terminal dolphins have been proposed by UNCTAD and Ministry of Transport of China (MTC). The formula-based calculation of LNG handling capacity has the advantage of being simple, but it has the disadvantage of not reflecting the actual operation. In this study, the proper LNG handling capacity is measured using a simulation method to overcome the limitations of formula-based calculation for Incheon port in South Korea. In order to check whether the method by simulation is justified, it is compared with the unloading capacity by the calculation formula. This study finds that the proper (or optimal) LNG handling capacity of Incheon port is determined by a dolphin occupancy of 49%, where the dolphin’s profits are maximized. As the results of simulation model, the proper (or optimal) loading capacity is 38.5 million m3 when dolphin occupancy is 49%. The capacity of individual dolphin is estimated at 17.0 million m3 for 70,000 DWT dolphin and 21.2 million m3 for 120,000 DWT dolphin, respectively. The main points of this study to use simulation model are as follows: First, the number of non-working days should be considered. Second, the optimal dolphin occupancy should be determined by finding the maximum profit point of using the pier. Third, if the size of the dolphin is different, an appropriate simulation will be implemented. Fourth, the data of the peak season should be analyzed. Finally, it should be checked whether the ship waiting rate is acceptable level or not.