Allocation at Receipt and Delivery Point(s) Sample Clauses

The 'Allocation at Receipt and Delivery Point(s)' clause defines how quantities of goods, such as natural gas or electricity, are measured and assigned to parties at specific transfer locations. In practice, this clause outlines the procedures for determining the amount of product received or delivered at each designated point, often using metering equipment or agreed-upon measurement standards. Its core function is to ensure accurate and transparent accounting of product flows between parties, thereby preventing disputes and clarifying each party's entitlements and obligations at the transfer points.
Allocation at Receipt and Delivery Point(s). It is recognized that quantities of Gas may be transported through the Receipt Point(s) and/or the Delivery Point(s) for one or more parties other than the Shipper. If that occurs, the measurement of Gas under this Agreement may involve the allocation of Gas receipts or deliveries. As between Transporter and Shipper, and subject to Section 4.1, Transporter will determine the allocation of all Gas deliveries hereunder.
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Related to Allocation at Receipt and Delivery Point(s)

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