OBQ definition
Examples of OBQ in a sentence
If shore tanks are active at loading, quantity shall be determined by Vessel figures (i.e., closing ullages less OBQ adjusted by VEF).
If Seller consents, manual gauging/sampling of OBQ or ▇▇▇ ▇▇▇ be accomplished per API MPMS Chapter 17.2 or any similar provision.
If receiving tank gauge measurements may not be accurately determined by the inspector of record, then vessel's loaded figures with valid vessel experience factor (VEF) applied less OBQ will be used for measurement.
If the custody transfer occurs at a lightering, then the Official Quantity shall be calculated using daughter vessel measurements (as measured alongside a stationary berth) less OBQ and adjusted for an applicable VEF.
If proven meters are unavailable and shore tanks are active at loading, quantity shall be determined by Vessel figures (i.e., closing ullages less OBQ adjusted by VEF), Such VEF shall be determined in accordance with the latest standards of API.
If Seller consents, manual gauging or sampling of OBQ or ▇▇▇ ▇▇▇ be accomplished per MPMS chapter 17.2 or any similar provision.
If no vessel load VEF is available, the quantity shall be determined by the various quantities adjusted for OBQ or ROB.
In such cases, if proven meters are unavailable, the quantity of Product shall be determined by Vessel figures (i.e., arrival quantity less remaining OBQ adjusted by VEF), which shall be determined in accordance with the latest API standards.
The vessel(s) must be able to take upper, lower, bottom and all-level samples of the cargo (to include OBQ and ROB) without contaminating the samples from the sampling location.
If proven meters are unavailable and shore tanks are active at loading, quantity shall be determined by Vessel figures (i.e., closing ullages less OBQ adjusted by VEF).