Commodity Type definition

Commodity Type. Nymex West Texas Intermediate Crude Oil Total Quantity: XXX,XXX.XX U.S. Barrel(s) Spread Amount: USD X.XX per Barrel Floating Price Payer (A): J. ▇▇▇▇ & Company Floating Price Payer (B): COFFEYVILLE RESOURCES REFINING & MARKETING, LLC Effective Date: DD MMM YYYY Termination Date: DD MMM YYYY Quantity: XXX,XXX.XX U.S. Barrel(s) per Month Floating Price (A): Means the arithmetic average of the closing settlement price(s) on the New York Mercantile Exchange for the Nearby Light Crude Futures Contract (referenced below) on the Effective Date, LESS USD X.XX per U.S. Barrel Nearby Contract (A): [First] Floating Price (B): Means the arithmetic average of the closing settlement price(s) on the New York Mercantile Exchange for the Nearby Light Crude Futures Contract (referenced below) on the Termination Date. LESS USD X.XX per U.S. Barrel Nearby Contract (B): [First]
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Examples of Commodity Type in a sentence

  • Storage Term From Until Nominated facilities Min Inturn TPH Min Outturn TPH Commingling Yes/No Commodity Type Grade/Variety Applicable Standard Allowable Shrinkage Inturn Fee Outturn Fee Monthly Carry Fee per calendar month (include monthly commencement day).

  • Commodity Type: for the purpose of this Contract, diamonds are considered a separate commodity type to all other mineral commodities.

Related to Commodity Type

  • Commodity contract means a commodity futures contract, an option on a commodity futures contract, a commodity option, or another contract if the contract or option is:

  • Commodity Account is any “commodity account” as defined in the Code with such additions to such term as may hereafter be made.

  • Commodity option ’ means agreement or transaction subject to regulation under sec- tion 4c(b) of the Act;

  • Commodity Agreement means any commodity futures contract, commodity swap, commodity option or other similar agreement or arrangement designed to protect against fluctuations in the price of commodities or to otherwise manage commodity prices or the risk of fluctuations in commodity prices.

  • Commodity customer means a person for which a commodity intermediary carries a commodity contract on its books.