Barrel definition

Barrel means 42 United States gallons at 60 degrees Fahrenheit and zero psi gauge.

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Barrel as herein used means forty-two (42) United States gallons at sixty degrees (60°) Fahrenheit and zero (0) gauge pressure if the vapor pressure of the Crude Petroleum is at or below atmospheric pressure, or at equilibrium pressure if the vapor pressure of the Crude Petroleum is above atmospheric pressure.

Barrel means a volume of forty-two (42) United States Gallons at sixty degrees (60°) Fahrenheit and zero (“0”) gauge pressure if the vapor pressure of the petroleum is at or below atmospheric pressure, or at equilibrium vapor pressure if the vapor pressure of the petroleum is greater than atmospheric pressure.

Examples of Barrel in a sentence

All quantity and volume determinations herein, except for the Wax Product Group, will be corrected to sixty (60) degrees Fahrenheit based on a U.S. gallon of two hundred thirty-one (231) cubic inches and forty-two (42) gallons to the Barrel, in accordance with the latest supplement or amendment to ASTM-IP petroleum measurement tables (Table 5A of ASTM-IP for Feedstock and Table 5B of ASTM-IP for Products).
The Product Procurement Fee shall be applied to each Barrel of Product to be delivered to an Included Product Title Location or any Refinery pursuant to an Included Purchase Transaction.
For each month, the applicable Product Sales Fee shall be applied to each Barrel of Product, if any, sold by ▇▇▇▇ under any Included Sales Transaction during such month.

More Definitions of Barrel

Barrel means any container or vessel having a capacity of more than 43 ounces.

Barrel means forty-two (42) United States gallons of 231 cubic inches of sixty degrees Fahrenheit (60ºF) and equilibrium vapor pressure.

Barrel means forty-two (42) net U.S. gallons, measured at 60° F.

Barrel. ’ means 42 United States gallons at 60 degrees fahrenheit;

Barrel means forty-two (42) United States gallons of 231 cubic inches of sixty degrees Fahrenheit (60°F) and equilibrium vapor pressure.

Barrel means forty-two (42) U.S. gallons.

Barrel means a volume equal to 42 U.S. gallons of 231 cubic inches each, at 60 degrees Fahrenheit under one atmosphere of pressure.