Gauging Tanks Containing Sludge. Tanks containing sludge may be difficult to gauge accurately using an innage measurement. Tanks containing sludge shall have the liquid inventory determined by taking ullage measurements and averaging the physical measurements obtained through several of the Tank’s gauging hatches, still xxxxx or other openings using a steel gauging tape with attached xxx. As mutually agreed by the Inventory Team, several determinations will be made until an agreement in inventory levels is reached.
Appears in 6 contracts
Samples: Inventory Intermediation Agreement (PBF Finance Corp), Inventory Intermediation Agreement (PBF Finance Corp), Inventory Intermediation Agreement (PBF Energy Inc.)
Gauging Tanks Containing Sludge. Tanks containing sludge may be difficult to gauge accurately using an innage measurement. Tanks containing sludge shall have the liquid inventory determined by taking ullage measurements and averaging the physical measurements obtained through several of the Tanktank’s gauging hatches, still xxxxx xxxxx, or other openings openings, using a steel gauging tape with attached xxx. As mutually agreed by the Inventory TeamCommittee, several determinations will be made until an agreement in inventory levels is reached.
Appears in 2 contracts
Samples: Asset Sale and Purchase Agreement (PBF Energy Inc.), Asset Sale and Purchase Agreement (PBF Energy Inc.)