Measurement Basis Sample Clauses
The Measurement Basis clause defines the method or standard by which values, quantities, or performance are assessed under an agreement. Typically, it specifies whether measurements are to be made according to industry standards, specific technical criteria, or agreed-upon benchmarks, and may detail the timing, tools, or parties responsible for such measurements. This clause ensures consistency and objectivity in evaluating contractual obligations, reducing disputes by clarifying how key metrics are determined.
Measurement Basis. The quantity of Product measured at each Point of Delivery shall be calculated by mass measurement techniques.
Measurement Basis. A. Mass Measurement
1. Inferred Mass: Inferred mass measurement is accomplished utilizing a flow-proportional composite sampler (if required), volumetric flow meter, densitometer, and flow computer to convert gross volumetrically measured Barrels using density in g/cc at flowing conditions, and corrected for instrument error, to total pounds mass according to the following formula: Total Pounds = Indicated Barrels x Meter Factor x Flowing Density (g/cc) x 350.5069 x DCF Where:
Measurement Basis. MASS MEASUREMENT Mass measurement procedures shall be employed on Products unless otherwise provided in this Agreement. Mass Measurement shall be accomplished utilizing a turbine meter, densitometer, and flow computer to convert gross volumetrically measured Barrels using density in gm/cc at flowing conditions to total pounds mass according to the following formula: (Gross Barrels)(Meter Factor)(Density at Operating Conditions in gm/cc)(350.506987)=Total pounds Mass 350.506987 is the conversion factor to convert gm/cc to lbs/barrel. Total pounds mass shall be converted to equivalent Gallons of each Product utilizing the calculation procedure outlined in GPA Standard 8173-83, and the Product weights in a vacuum in accordance to GPA Standard 2145-94. Component Gallons will be further reduced to Barrels.
Measurement Basis