NSV definition

NSV means, with respect to any measurement of volume, the total liquid volume, excluding sediment and water and free water, corrected for the observed temperature to 60° F.

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NSV. Has the meaning determined in Sección 5.05(a) of this Agreement.

NSV means net standard volume.

Examples of NSV in a sentence

In the volumes’ registration process two (2) kinds of units are used to report the movements of crude oil of the system, as follows: ▪ All the information regarding distribution of the ownership of the volume in inventories of the system is made in NSV.
The volume will be calculated as Net Standard Volume (NSV) and it shall be construed as the total volume of all the petroleum liquids, excluding sediment and water (BSW) at a standard temperature of 60º F.
Unless the Parties agree otherwise, this Agreement will terminate if NSV: -------------------------------------------------------------------------------- Appendix 2.2c of the Research Collaboration Agreement.
Meter tickets shall report the gross standard volumes (GSV) and net standard volumes (NSV) in hundredths of abarrel.
This Agreement and the Agency Agreement between NSV and Prana contain the entire agreement between the Parties with respect to their subject matter and supersede all prior agreements and understandings between the Parties in connection with it.

More Definitions of NSV

NSV or “Net Standard Volume” means the total volume of all petroleum liquids, excluding sediment and water and free water, corrected by the appropriate volume correction factor for the observed temperature and API Gravity, relative density, or density to a standard temperature such as 60 degrees Fahrenheit and also corrected by the applicable pressure correction factor and meter factor.

NSV means the net standard volume which shall be the total volume of all petroleum liquids, excluding BS&W and free water, corrected by the appropriate volume correction factor for observed temperature and API Gravity, relative density or density to a standard temperature such as 60°F or 15°C and also corrected by the applicable pressure correction factor and meter factor.

NSV means net standard volume of Oil or Feedstock.

NSV means net standard volume of Oil.

NSV means the total volume of all petroleum liquids, excluding S&W and Free Water, corrected to standard temperature and pressure.

NSV means, with respect to any measurement of volume, the total liquid volume, excluding basic sediment and water and free water, corrected for

NSV means the total net sales value of all products sold by the Business, regardless of the sales channel through which such products are sold; provided, however, that beginning May 1, 2010, NSV shall not include sales made through Heinz pursuant to a renewal of the Heinz Foodservice and Distribution Agreement or an agreement replacing the Heinz Foodservice and Distribution Agreement.