Common use of Quantity Delivered Clause in Contracts

Quantity Delivered. The Quantity Delivered shall be calculated in accordance with the formula given in the LNG Custody Transfer published by the GIIGNL, third edition 2010, page six (6) clause 2. 1. For the purpose of this calculation the quantity of energy is expressed in MMBtus, rounded to two (2) decimal places.

Appears in 2 contracts

Sources: Master Fob LNG Sales Agreement, Master Ex Ship LNG Sales Agreement