Off-spec NGL definition
Off-spec NGL means NGL that does not meet the Specifications at the relevant Entry Point and / or Exit Point.
Examples of Off-spec NGL in a sentence
Except as otherwise provided in Section 7.2, Dynegy shall have the right to reject any NGLs which fail to meet such quality specifications ("Offspec NGL").
The knowing acceptance by Dynegy of Offspec NGL shall constitute a waiver by Dynegy of any and all other rights and remedies available to Dynegy under this Agreement or otherwise with respect to Texaco's tender of such Offspec NGL, and all risk of loss, damage or liability arising out of Dynegy's ownership, control, possession, or use of such Offspec NGLs shall pass to and be borne by Dynegy.
All costs associated with the return, disposal and/or treatment of Offspec NGL shall be borne by Texaco.