Common use of Nonmoving Tanks (Inactive Tanks) & Out of Service Tanks Clause in Contracts

Nonmoving Tanks (Inactive Tanks) & Out of Service Tanks. All Tanks that are “inactive,” (no movement in or out as of the Hydrocarbon Inventory Transfer Times) will be gauged and sampled prior to the Hydrocarbon Inventory Transfer Times in accordance with the Inventory Schedule. Where determined necessary by the Inventory Team, all valves in and out of the Tank will be closed and sealed at the time of gauging, otherwise the automated tank gauge readings will be used to determine if a Tank has moved The IIC will remove the car seals immediately after the Hydrocarbon Inventory Transfer Times after verifying the integrity of the Tank car seal locations and identification numbers. Any car seal location or number discrepancies will be immediately brought to the attention of the Inventory Team. Out of service Tanks with open manways shall be verified as empty and open by the IIC. Once inventorying operations have started, no Tank switching, changes or movements shall be made without notification to the Inventory Team. If Tank seals are broken, the Tank must be resealed when movement stops. Said Tank must then be re-gauged, re-sampled and temperature determined anew. Otherwise, it will be gauged as an Active Tank (defined below). Inactive Tanks that are required for thermal relief of connecting pipelines will be gauged as close to the Hydrocarbon Inventory Transfer Times as possible. The automatic gauge reading will be monitored every 10 minutes for 90 minutes before and after the transfer time to confirm that there was no movement into or out of said inactive Tank. In cases where the automatic gauge readings indicate Tank movement, the Tank will be gauged as an Active Tank (defined below).

Appears in 4 contracts

Samples: Inventory Intermediation Agreement (PBF Finance Corp), Inventory Intermediation Agreement (PBF Finance Corp), Inventory Intermediation Agreement (PBF Energy Inc.)

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Nonmoving Tanks (Inactive Tanks) & Out of Service Tanks. All Tanks tanks that are “inactive,” (standing with no movement in or out as of the Hydrocarbon Inventory Transfer TimesTime (“Inactive Tanks”) will be gauged and sampled prior to the Hydrocarbon Inventory Transfer Times Time in accordance with the Inventory Schedule. Where determined necessary by the Inventory Team, all All valves in and out of the Tank tank will be closed and sealed at the time of gauging, otherwise . Out of service tanks with open manways shall be verified as empty and open by the automated Petroleum Inspection Company and similarly sealed. The Petroleum Inspection Company will seal the tank gauge readings valves and will be used responsible for recording seal numbers and locations. If it is necessary to determine if break seals to transfer oil into or out of a Tank has moved sealed gauged tank, prior notification and confirmation must be obtained from the Inventory Committee in order to keep accurate records of the proceedings. The IIC Petroleum Inspection Company will remove the car seals immediately after the Hydrocarbon Inventory Transfer Times Time after verifying the integrity of the Tank tank car seal locations and identification numbers. Any car seal location or number discrepancies will be immediately brought to the attention of the Inventory Team. Out of service Tanks with open manways shall be verified as empty and open by the IICCommittee. Once inventorying operations have started, no Tank tank switching, changes or movements shall be made without notification to the Inventory TeamCommittee representatives conducting the hydrocarbon measurement. If Tank tank seals are broken, the Tank tank must be resealed when movement stops. Said Tank tank must then be re-gauged, re-sampled and temperature determined anew. Otherwise, it will be gauged as an Active Tank (defined below). Inactive Tanks that are required for thermal relief of connecting pipelines will be gauged as close to the Hydrocarbon Inventory Transfer Times as possible. The automatic gauge reading will be monitored every 10 minutes for 90 minutes before and after the transfer time to confirm that there was no movement into or out of said inactive Tank. In cases where the automatic gauge readings indicate Tank movement, the Tank will be gauged as an Active Tank (defined below).Schedule 2.6.3.2

Appears in 2 contracts

Samples: Asset Sale and Purchase Agreement (PBF Energy Inc.), Asset Sale and Purchase Agreement (PBF Energy Inc.)

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Nonmoving Tanks (Inactive Tanks) & Out of Service Tanks. All Tanks that are “inactive,” (no movement in or out as of the Hydrocarbon Inventory Transfer TimesTime) will be gauged and sampled prior to the Hydrocarbon Inventory Transfer Times Time in accordance with the Inventory Schedule. Where determined necessary by the Inventory Team, all valves in and out of the Tank will be closed and sealed at the time of gauging, otherwise the automated tank gauge readings will be used to determine if a Tank has moved The IIC will remove the car seals immediately after the Hydrocarbon Inventory Transfer Times Time after verifying the integrity of the Tank car seal locations and identification numbers. Any car seal location or number discrepancies will be immediately brought to the attention of the Inventory Team. Out of service Tanks with open manways shall be verified as empty and open by the IIC. Once inventorying operations have started, no Tank switching, changes or movements shall be made without notification to the Inventory Team. If Tank seals are broken, the Tank must be resealed when movement stops. Said Tank must then be re-gauged, re-sampled and temperature determined anew. Otherwise, it will be gauged as an Active Tank (defined below). Inactive Tanks that are required for thermal relief of connecting pipelines will be gauged as close to the Hydrocarbon Inventory Transfer Times Time as possible. The automatic gauge reading will be monitored every 10 minutes for 90 minutes before and after the transfer time to confirm that there was no movement into or out of said inactive Tank. In cases where the automatic gauge readings indicate Tank movement, the Tank will be gauged as an Active Tank (defined below).

Appears in 2 contracts

Samples: Inventory Intermediation Agreement (PBF Holding Co LLC), Inventory Intermediation Agreement (PBF Holding Co LLC)

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