Export Oil definition

Export Oil means Crude Oil of a standard Iraqi export blend.
View Source
Export Oil means crude oil of standard Iraqi export blend that will result from the possible blending of Crude Oil with crude oils from other fields of nearest quality to the Crude Oil stream(s) produced from the Field.
View Source
Export Oil means crude oil of a standard Iraqi export blend that is available for possible lifting by Contractor at a Delivery Point as payment for Service Fees under Article 19 and Addendum Four.
View Source

Examples of Export Oil in a sentence

  • It is the intent of both Parties that the pricing of Export Oil for all purposes under this Contract shall reflect the prevailing export market price FOB Delivery Point.

  • Procedures existing on the Effective Date for lifting, storage, tanker nomination and other related activities may later be adjusted to support the efficient implementation of the Export Oil Sales Agreement.

  • Any scheduled delivery of Export Oil affected by an event of Force Majeure or other interruption shall be rescheduled at the earliest available alternative lifting dates to be mutually agreed by SOMO and Contractor.

  • Pending the execution of the Export Oil Sales Agreement, the provisions of this Heads of Agreement shall apply.

  • For payment in Export Oil, the Export Oil Price shall be in accordance with Article 18.

  • The quality of Export Oil that may be lifted by Contractor at the Delivery Point(s) shall be any available standard Iraqi Export Oil.

  • OF THE CONTRACT The Export Oil Sales Agreement (“EOSA”) sets out the procedures for the lifting of Export Oil by each of the Companies as payment of due and payable Petroleum Costs and Remuneration from ROC to Contractor under the Contract.

  • For payment of Petroleum Costs and Remuneration, the Export Oil Price shall be determined in accordance with Article 18 and the payment made pursuant to Addendum Three.

  • If either of Parties wishes to exercise this option to deliver excess Export Oil in any Lifting Quarter, it shall notify the other of such election no later than the first day of the second Month of the preceding Quarter, and the other Party must confirm its agreement no later than ten (10) days after such notice.

  • Methods and procedures for measurement of volume, quality and specifications of Export Oil at the Delivery Point shall be in accordance with SOMO's standards practices in respect of the Export Oil.

Related to Export Oil

  • Export Law means all constitutions, laws, statutes, codes, ordinances, orders, judgments, decrees, injunctions, rules, regulations, permits, restrictive measures, trade sanctions, embargos and other legally binding requirements of all federal, country, international, state and local governmental authorities relating to export, re-export or import.

  • Export Order means a written export order or contract for the purchase by the Buyer from Borrower of any of the Items.

  • Export Laws means all applicable import, export control and sanctions laws, including without limitation, the laws of the United States, the EU, and Germany.

  • transport contract means a contract of carriage for reward or free of charge between a railway undertaking or a ticket vendor and the passenger for the provision of one or more transport services;

  • Export Item means any Goods or Services, including commodities, software or technology provided by Sup- plier that is required to be exported or re-exported under the Contract.