Common use of Rack vs Clause in Contracts

Rack vs. Barge Price Differential = with respect to the relevant delivery day, the price at which, ***** less ***** expressed as a differential to a ***** calculated using the ***** prices effective on the day that the rack sale transaction is priced (which is based on the market closing price the ***** prior to the ***** at the rack).

Appears in 1 contract

Sources: Products Offtake Agreement (PBF Energy Inc.)

Rack vs. Barge Price Differential = with respect to the relevant delivery day, the price at which, which ***** *, less ***** expressed as a differential to a ***** calculated using the ***** prices effective on the day that the rack sale transaction is priced (which is based on the market closing price the ***** prior to the ***** at the rack).

Appears in 1 contract

Sources: Products Offtake Agreement (PBF Energy Inc.)