Common use of Measurement Point Clause in Contracts

Measurement Point. The point of custody transfer shall be at the point that Product leaves Seabrook Terminal, LLC’s (“Seabrook”) fixed dock flange, pipeline delivery flange, loading arm or delivery hose, as the case may be (“Custody Transfer Point”); however, volume and quality measurements hall be determined at the Seabrook meter stations (each, a “Custody Transfer Meter”) for Product received or delivered to vessels or pipeline.

Appears in 3 contracts

Sources: Dock Capacity Allocation Contract, Dock Capacity Allocation Contract, Dock Capacity Allocation Contract