Shipper History definition

Shipper History means the total volume (in Barrels) of a Shipper’s Crude Petroleum actually shipped on the Pipeline during the Base Period. If Carrier has been in operation less than twelve (12) Months, then Shipper History shall be the total volume (in Barrels) of Shipper’s Crude Petroleum actually shipped on the Pipeline to date, excluding volumes shipped in the Month preceding the Proration Month.

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Shipper History is defined in the Rules and Regulations and shall be deemed to be the Annual Volume Commitment for the first twelve (12) months, and thereafter shall be deemed to be the greater of the Annual Volume Commitment and actual shipments.

Shipper History means (a) for a Regular Shipper other than a Committed Shipper, the monthly average of such Regular Shipper’s volumes of Crude Oil actually shipped over the Base Period, and (b) for a Committed Shipper, the greater of (i) the monthly average of such Committed Shipper’s volumes of Crude Oil actually shipped over the Base Period (or such portion of such monthly average that shall not result in an allocation to any other Committed Shipper under step 2 below that reduces such other Committed Shipper below its Committed Volume) and (ii) the Committed Shipper’s Committed Volume.

Examples of Shipper History in a sentence

For any purpose under these Rules and Regulations for which Shipper History is relevant, Assigned Shipper History shall apply to the Assignee Shipper as though it had been performed by the Assignee Shipper itself.
Except as may be prohibited by a regulatory agency Shipper may assign its Shipper History to another Shipper (“Assignee Shipper”) (“Assigned Shipper History”).
Carrier shall be given notice of such assignment in writing by the twenty-fifth (25th) day of the month prior to the month in which an apportionment decision by the Carrier is expected to include the Assigned Shipper History in apportionment.
All Shipper History is held by the Company and not by any Affiliate thereof.
Shipper, an affiliate of the Shipper or a party whom the Shipper has given the right to transport the Shippers’ Crude Oil, shall, at all times during the Term, earn and hold one hundred percent (100%) of the Shipper History in its own name as the “shipper of record” of Shipper’s Crude Oil for purposes of any apportionment or allocation of capacity on the Knight Warrior Pipeline as provided in the Rules and Regulations.
Shipper, an affiliate of the Shipper or a party whom the Shipper has given the right to transport the Shippers’ Crude Oil, shall, at all times during the Term, earn and hold one hundred percent (100%) of the Shipper History in its own name as the “shipper of record” of Shipper’s Crude Oil for purposes of any 9 apportionment or allocation of capacity on the Knight Warrior Pipeline as provided in the Rules and Regulations.

More Definitions of Shipper History

Shipper History means the total Volumes in Pounds of Product Shipper has actually shipped on the Ethylene Pipeline during the twelve (12) Month period beginning thirteen (13) Months prior to the Proration Month (and excluding the Month preceding the Proration Month). If Carrier has been in operation less than twelve (12) Months, then Shipper History shall be the total Volumes in Pounds Shipper has shipped on the Ethylene Pipeline to date, excluding Volumes in Pounds of Product shipped in the Month preceding the Proration Month.

Shipper History means the historic throughput volumes, and capacity rights of a Shipper, including capacity for which the Shipper paid throughput fees, a reservation charge or a Deficiency Payment.

Shipper History means what is set forth in Item 1.6 of Carrier’s Prorationing Policy found in Exhibit A herein.