Common use of Volume Determinations Clause in Contracts

Volume Determinations. (a) All measurements, volume corrections and calibrations will be made in accordance with Carrier’s measurement procedures, which shall consist of the latest revision of Carrier’s Measurements Manual and the latest ASTM and API MPMS published methods and standards. (b) All volume determinations shall be adjusted to a temperature of 60° Fahrenheit and a pressure of one standard atmosphere (14.7 PSIA) per the most recent edition of the American Petroleum Institute’s Manual of Petroleum Measurement Standards, Chapter 11 (viz., Table 6B, 6C, etc., whichever table is relevant to the commodity being measured). (c) All Commodities received from or delivered to the Tanks will be determined by calibrated custody transfer grade meters. (d) A Company representative may witness testing, calibration of equipment, meter reading, and gauging of Commodities at the Tanks, at Company’s expense. In the absence of a Company representative, Carrier’s measurements shall be deemed to be accurate.

Appears in 1 contract

Sources: Contribution, Conveyance and Assumption Agreement (Phillips 66 Partners Lp)

Volume Determinations. (a) All measurements, volume corrections and calibrations will be made in accordance with Carrier’s Holdings’ measurement procedures, which shall consist of the latest revision of Carrier’s Holdings’ Measurements Manual and the latest ASTM and API MPMS published methods and standards. (b) All volume determinations shall be adjusted to a temperature of 60° Fahrenheit and a pressure of one standard atmosphere (14.7 PSIA) per the most recent edition of the American Petroleum Institute’s Manual of Petroleum Measurement Standards, Chapter 11 (viz., Table 6B, 6C, etc., whichever table is relevant to the commodity being measured). (c) All Commodities NGLs received from or delivered to the Tanks Medford Spheres will be determined by calibrated custody transfer grade meters. (d) A Company representative may witness testing, calibration of equipment, meter reading, and gauging of Commodities NGLs at the TanksMedford Spheres, at Company’s expense. In the absence of a Company representative, Carrier’s Holdings’ measurements shall be deemed to be accurate.

Appears in 1 contract

Sources: Contribution, Conveyance and Assumption Agreement (Phillips 66 Partners Lp)

Volume Determinations. (a) All measurements, volume corrections and calibrations will be made in accordance with CarrierHoldings’s measurement procedures, which shall consist of the latest revision of CarrierHoldings’s Measurements Manual and the latest ASTM and API MPMS published methods and standards. (b) All volume determinations shall be adjusted to a temperature of 60° Fahrenheit and a pressure of one standard atmosphere (14.7 PSIA) per the most recent edition of the American Petroleum Institute’s Manual of Petroleum Measurement Standards, Chapter 11 (viz., Table 6B, 6C, etc., whichever table is relevant to the commodity being measured). (c) All Commodities NGLs received from or delivered to the Tanks Medford Spheres will be determined by calibrated custody transfer grade meters. (d) A Company representative may witness testing, calibration of equipment, meter reading, and gauging of Commodities NGLs at the TanksMedford Spheres, at Company’s expense. In the absence of a Company representative, CarrierHoldings’s measurements shall be deemed to be accurate.

Appears in 1 contract

Sources: Storage Services Agreement (Phillips 66 Partners Lp)