Product Transfer Order definition
Product Transfer Order means a pipeline or storage facility authorization or other similar document produced by a third party bailee authorizing the transfer of title to a specified quantity of Product at a specific Delivery Location from Seller, or its Affiliate, to Buyer, including documentation effectuating pipeline transfers, stock (in-tank) transfers or tank-to-tank transfers.
Examples of Product Transfer Order in a sentence
Deliveries pursuant to ICE PermianMidland WTI Contracts are effected by Product Transfer Order for inter-facility transfer, in-line (or in-system) transfer or in-tank transfer of title of required PermianMidland WTI from a Seller to a Buyer.