MME Fee definition

MME Fee. Means the transport fee for Oil set out by the Ministry of Mines and Energy by means of Resolution N▇. ▇▇▇▇▇▇▇ dated December 28, 2012, or that set out for each fee period after the Service Commencement Date, as well as by any revision or adjustments made in accordance with applicable legislation."
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Examples of MME Fee in a sentence

  • During the Ship or Pay Term, in relation with Shareholders Excess Capacity Contracted, when the Shipper effectively transports within the Excess Capacity, Bicentenario shall issue the respective invoice for a value equivalent to the MME Fee multiplied by the barrels effectively transported during the Operation Month, chargeable to the advance payments referred to in Section 4.01(b).

  • The invoice shall include the multiplication of the MME Fee times the number of Barrels effectively transported within the Conditioned Capacity.

  • The b▇▇▇ shall include the multiplication of the MME Fee times the number of the Scheduled Barrels within the Shipper Contracted Capacity, times the number of Days in the Calendar Month that are being charged.

  • In the event that the MME Fee is not sufficient to pay for Pipeline maintenance, operations and administration costs, the depreciation, amortization and taxes, and an equitable profit, then will be subject to the agreement of the Parties on the terms and conditions of the fee to be applied, without prejudice of the processing to be performed by Bicentenario before the Ministry of Mines to review the MME Fee.

  • The invoice shall include the multiplication of the MME Fee times the number of Barrels effectively transported during the Operation Month, within the Conditioned Capacity.

  • Stretch MME Fee USD $ / Bl % Transport tax Transport tax USD $ / ▇▇ ▇▇▇▇▇ – San ▇▇▇▇▇▇ (OSO) 2,4191 2 % 0,0484 La Ye – Orito (OMO) 0,5539 2 % 0,0111 Total Tax 2,9730 2 % 0,0595 Commercialization Fee: Corresponds to the sum of two U.S. dollars per barrel (USD $ / Bl 2,00).

  • The MME Fee, by the number of Barrels effectively transported within the Shipper Contracted Capacity and within the Conditioned Capacity in the Operation Month.