Shrinkage Factor definition
Shrinkage Factor means the factor used to convert Rich Gas processed at Kårstø gas plant, Kollsnes gas plant or at the Heimdal platform to resultant Dry Gas as described in article 10.
Shrinkage Factor has the meaning given in Section D paragraph 4.3.1 of the IUK Access Code;
Shrinkage Factor means in respect of raw gas produced from a Production Source and delivered into the Pipeline System at a Receipt Point for processing at a Processing Plant, the factor to be used to convert the Authorized Receipt Volume to the Authorized Raw Gas Receipt Volume for any day in a month.
Examples of Shrinkage Factor in a sentence
The Dust Factor is in addition to the Shrinkage Factor setout in section A5.
For the purposes of determining the amount of any Contract Demand Credits in accordance with Section 8.01 in respect of Firm Transportation Service – Northern, Temporary Firm Service or Short Term Firm Service with a Delivery Point at the Straddle Plant Delivery Point, the volume differential to be used in the calculation of those credits shall be a volume of gas equal to the product obtained by multiplying the applicable volume differential specified in Section 8.01 by the Straddle Plant Shrinkage Factor.
More Definitions of Shrinkage Factor
Shrinkage Factor means the amount of Total Trust Position as defined expressed as a percentage of liquid or near liquid assets. It is calculated as follows: Cash on hand plus Contracts in transit plus Vehicle Accounts receivable plus new and used inventory minus new and used vehicle liability divided by the sum of Cash on hand, contracts in transit, Vehicle Accounts receivable, new and used inventory.
Shrinkage Factor has the meaning given in Section D paragraph 4.3.1 of the IUK Access Code; “Single Sided Nomination” has the meaning given in Section C paragraph 1.2.2 of the IUK Access Code;