Common Stream definition

Common Stream as herein used means Crude Petroleum moved through the pipeline and pipeline facilities which is commingled or intermixed with other Crude Petroleum.

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Common Stream means Crude moved through the Operator’s System and System facilities, which is commingled or intermixed with other Crude.

Common Stream means Crude Petroleum, Tendered or Received at the Joint Tariff Facilities and associated facilities as designated in the related tariffs and moved through Joint Tariff Facilities, which is commingled or intermixed with other Crude Petroleum of like characteristics and quality. A Common Stream may be made up of one or more Tenders of Crude Petroleum provided that each Tender of Crude Petroleum meets the quality specifications, as set out in Rule 22. Common Streams and characteristics of each shall be determined by Carrier in its sole discretion.

Examples of Common Stream in a sentence

• Should such advice not be provided within 30 minutes of the end of the Gas Day, GGT shall be entitled to determine the Daily Gas quantity delivered by each Common Stream Gas User using the allocation procedure set out in clause 11.2(c) or as it otherwise deems appropriate, acting as a reasonable and prudent pipeline operator.

• Should such advice not be provided within 30 minutes of the end of the Gas Day , GGT shall be entitled to determine the Daily Gas quantity delivered by each Common Stream Gas User using the allocation procedure set out in clause 11.1(c) or as it otherwise deems appropriate, acting as a reasonable and prudent pipeline operator.

• When this right is exercised, Carrier will make the further deliveries for Shipper involved from its Common Stream Product.

• Product: Light Sweet Type (Common Stream Quality) Crude Oil or such other type and grade of crude oil as mutually agreed upon in writing by Seller and Buyer Quantity: For each Delivery Month, from and including a minimum of 0 U.S. Barrel(s) per month to and including a maximum of 1,000,000 U.S. Barrel(s) per month.

• When this right is exercised, Carrier will make the further deliveries for the Shipper involved from Carrier’s Common Stream Crude Petroleum.

More Definitions of Common Stream

Common Stream means Crude Petroleum moved through the System that is commingled or intermixed with Crude Petroleum of like quality and characteristics as may be determined by Carrier based on Assays and/or other pertinent analytical data.

Common Stream means Crude Petroleum moved through the pipeline and pipeline facilities which is commingled or intermixed with crude petroleums of like quality and characteristics as may be determined by Carrier based on an analysis of a sample of such Crude Petroleum Assays and /or other pertinent analytical data.

Common Stream or “Common Stream Shipment” means Petroleum, Tendered or received at Common Stream Facilities, which is commingled or intermixed with other Petroleum of like characteristics and quality. A Common Stream may be made up of one or more Tenders of Petroleum provided that each Tender of Petroleum meets the quality specifications, as set out in Item 2.4.2. Once a Common Stream Shipment is received at Platte’s Mainline Facilities for Delivery to points downstream of Casper it will thereafter be transported pursuant to the Batched Shipment items herein.

Common Stream means Crude Oil moved through Carrier’s System and associated facilities which is commingled or intermixed with other Crude Oil in said System.

Common Stream or “Common Stream Shipment” means Crude Oil, Tendered or received at Common Stream Facilities, which is commingled or intermixed, with other Crude Oil of like characteristics and quality. A Common Stream may be made up of one or more Tenders of Crude Oil provided that each Tender of Crude Oil meets the quality specifications, as set out in Item 4.2.

Common Stream means Product which is commingled or intermixed with other fungible Product.

Common Stream means Product that is moved through the Pipeline and Pipeline facilities and which is or may be commingled or intermixed with Product of like quality and characteristics.