Oil Quality definition

Oil Quality means the inherent characteristics of Product as determined by measurement or tests including BS&W, API gravity, sulfur content, viscosity, pour point, wax crystallization temperature, metals content, and similar characteristics.
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Examples of Oil Quality in a sentence

  • If Gatherer determines at any time that any Crude Oil tendered by or for the account of Shipper at any Receipt Point does not meet the Crude Oil Quality Specifications, then Gatherer shall have the right, at its sole option and effective immediately upon notice to Shipper, to refuse to accept such Crude Oil.

  • If Shipper delivers Crude Oil to Gatherer at the Receipt Points that meets the Crude Oil Quality Specifications, Gatherer shall redeliver Crude Oil at the Delivery Points to or for the account of Shipper that meets the Crude Oil Quality Specifications.

  • If Gatherer determines at any time that any Crude Oil tendered by or for the account of Producer at any Receipt Point does not meet the Crude Oil Quality Specifications, then Gatherer shall have the right, at its sole option and effective immediately upon notice to Producer, to refuse to accept such Crude Oil.

  • If Shipper delivers Crude Oil to Gatherer at the Receipt Points that meets the Crude Oil Quality Specifications, Gatherer shall redeliver Crude Oil at the Delivery Points to or for the account of Shipper that meets the Crude Oil Quality Specifications and has a reduced ▇▇▇▇ Vapor Pressure and API Gravity if requested by Shipper pursuant to Section 3.8 and/or Section 3.9.

  • If the Crude Oil Quality Balancing Adjustment is negative, the Company shall pay to Barclays, in accordance with Section 4 (Storage and Services Fees), an amount equal to the Crude Oil Quality Balancing Adjustment (for avoidance of doubt, the amount paid by the Company shall be a positive amount).

  • Crude Oil delivered by or for the account of Producer to each Receipt Point shall meet the specifications set forth in the Tariff (collectively, the “Crude Oil Quality Specifications”).

  • Oil Test: Complete Dissolved gas, Moisture content test, analysis, Diagnostics and General Oil Quality (GOQ).

  • Notwithstanding the foregoing, to the extent that the quality specifications required from time to time by the pipelines receiving Crude Oil at the Delivery Points are more restrictive than any of the specifications provided for above, then the Crude Oil Quality Specifications shall automatically be modified to incorporate such more restrictive specifications in lieu of any less restrictive specifications provided for above.

  • ANNEX CCP-10 Crude Oil Quality Specifications for Loading at Ports.

  • The Producers and the Owners will utilize the procedures in accordance with Exhibit “H” (Host Oil Quality Bank Procedures) to handle oil quality difference between Host Production, Satellite Production, and, if applicable, Third Party Production.