LACT Units definition
LACT Units or “LACT” means the Lease Automatic Custody Transfer units that, among other things, measure the volume and quality of the Product entering or leaving the System.
LACT Units means the Lease Automatic Custody Transfer units that, among other things, measure the volume and quality of the Crude Petroleum entering or leaving Carrier’s System.
LACT Units means lease automated custody transfer units, constructed in accordance with the American Petroleum Institute Manual of Petroleum Measurement Standards.