Inventory Transfer definition

Inventory Transfer optional service allowing Shippers to exchange quantities of LNG stored at the Terminal.
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Inventory Transfer has the meaning set forth in Section 6.5(b).
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Inventory Transfer means the transfer of Inventory between Gas Storage Inventory Accounts of Customer or another CVGS customer, between a Customer and CVGS, or an imbalance transfer under PG&E Schedule G-BAL.
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Examples of Inventory Transfer in a sentence

  • Inactive Tanks that are required for thermal relief of connecting pipelines will be gauged as close to the Hydrocarbon Inventory Transfer Times as possible.

  • Prior to the Hydrocarbon Inventory Transfer Dates, each Party may designate an individual as its representative on the Inventory Team.

  • Prior to the Hydrocarbon Inventory Transfer Dates, the Inventory Team shall develop and mutually agree upon a gauging and sampling schedule by Tank (the “Inventory Schedule”).

  • Any Tank that must have movements in or out (“Active Tanks”) during the physical inventory measurement process as of the Hydrocarbon Inventory Transfer Times will be manually gauged during a period in which said Tank is temporarily made inactive, as close to the Hydrocarbon Inventory Transfer Times as possible.

  • The Shipper may, at any time, subscribe to an LNG Inventory Transfer service allowing it to exchange quantities of LNG with other Shippers within the Terminal.

  • All Tanks that are “inactive,” (no movement in or out as of the Hydrocarbon Inventory Transfer Times) will be gauged and sampled prior to the Hydrocarbon Inventory Transfer Times in accordance with the Inventory Schedule.

  • Either Party or their respective representatives present at the survey of the physical inventory conducted by the Independent Inspection Company at the Inventory Transfer Time may question or dispute the calculations and/or laboratory results of the Independent Inspection Company.

  • The aforementioned Inventory Schedule will take into account this determination and will provide for performing the physical inventory of both active, inactive and out of service storage tanks prior to the Hydrocarbon Inventory Transfer Time.

  • The Shipper’s Inventory Level shall be adjusted on the agreed date of the LNG Inventory Transfer when the Operator has received the equivalent notification from the other shipper with which the Shipper has conducted the LNG Inventory Transfer.

  • As part of this service, the assignor shipper shall send to the Operator its request specifying the Day of the LNG Inventory Transfer, the Quantity of the LNG Inventory Transfer (which must not result in a negative Inventory Level), the transferred part of its Forecasted Daily Send-Out as well as the identity of the beneficiary shipper and subscriber to the LNG Inventory Transfer service for the Operator to take account of the request.


More Definitions of Inventory Transfer

Inventory Transfer the transfer of all inventory owned by the Company and its Subsidiaries by distribution pursuant to the Transfer and Contribution Agreement.
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Inventory Transfer means the sale to ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ in August, 2006 by GTI or its subsidiaries (other than ▇▇▇▇▇▇▇ ▇▇▇▇▇▇) of the raw materials Inventory set forth on Schedule 5.24(e) in the quantities set forth therein.
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Inventory Transfer means the transfer of Gas Volume between Gas Storage Inventory Accounts of Customer or between Customer and another party.
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Related to Inventory Transfer

  • Inventory Tracking System means the required tracking

  • Inventory Value means the cost of property purchased by the trustee and the market value of other property at the time it became subject to the trust, but the trustee may use any value finally determined for the purposes of an estate or other transfer tax;

  • Inventory Appraisal means the most recent inventory appraisal conducted by ▇▇▇▇▇▇ ▇ or another independent appraisal firm and delivered pursuant to Section 5.07(c) hereof.

  • In-Transit Inventory means Inventory of a Borrower which is in the possession of a common carrier and is in transit from a Foreign Vendor of a Borrower from a location outside of the continental United States to a location of a Borrower that is within the continental United States.

  • Custody transfer means the transfer of produced crude oil and/or condensate, after processing and/or treating in the producing operations, from storage tanks or automatic transfer facilities to pipelines or any other forms of transportation.