Transportation Deduction definition

Transportation Deduction means the sum of (i) the Committed Shipper B Base Rate Transportation Rate as defined in the KMCC Rate Tariff (the "KMCC Rate Tariff"), as may be adjusted downward as set forth below, [***] (ii) the pipeline loss allowance charged by KMCC, which rate is currently a deduction of 0.250% of the crude oil received with an API Gravity at or below 45.0 degrees and 0.375% of the crude oil received with an API Gravity above 45.0 degrees at the PVOG Delivery Point to cover for losses associated with the transportation of crude oil on KMCC, (iii) any other fees reflected in the KMCC Regulations Tariff that are charged to Republic for PVOG's crude oil movements (as such fees may be adjusted downward as set forth below), and (iv) a marketing fee of [***] per barrel purchased and sold hereunder. Republic shall pass through all adjustments to the KMCC Rate Tariff and to the KMCC Regulations Tariff. [***].
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Transportation Deduction means the sum of (i) the Committed Shipper B Base Rate Transportation Rate (the “Shipper B Base Rate ”) as defined from time to time in the KMCC Rate Tariff as supplemented, revised or otherwise updated (the “KMCC Rate Tariff ”), less [***], (ii) the pipeline loss allowance charged by KMCC, which rate is currently a deduction of 0.250% of the crude oil received with an API Gravity at or below 45.0 degrees and 0.375% of the crude oil received with an API Gravity above 45.0 degrees at the PVOG Delivery Point to cover for losses associated with the transportation of crude oil on KMCC, (iii) any other fees reflected in the KMCC Regulations Tariff that are charged for PVOG's crude oil movements (“Other Fees”) and which are applicable to similarly situated shippers under the KMCC Regulations Tariff; provided however, that “Other Fees” shall not include any amounts, charges or fees related to a rate schedule in the KMCC Rate Tariff other than the Shipper B Base Rate, and (iv) a marketing fee of [***] per barrel purchased and sold hereunder. For the avoidance of doubt, after the initial thirty-six (36) months of the term, there shall be no deduction to the KMCC Rate Tariff under clause (i) above in this Section 3.b.”
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Transportation Deduction means the sum of (i) the Committed Shipper B Base Rate Transportation Rate as defined in the KMCC Rate Tariff (the "KMCC Rate Tariff "), as may be adjusted downward as set forth below, [***] (ii) the pipeline loss allowance charged by KMCC, which rate is currently a deduction of 0.250% of the crude oil received with an API Gravity at or below 45.0 degrees and 0.375% of the crude oil received with an API Gravity above 45.0 degrees at the PVOG Delivery Point to cover for losses associated with the transportation of crude oil on KMCC, (iii) any other fees reflected in the KMCC Regulations Tariff that are charged to Republic for PVOG's crude oil movements (as such fees may be adjusted downward as set forth below), and (iv) a marketing fee of [***] per barrel purchased and sold hereunder. Republic shall pass through all adjustments to the KMCC Rate Tariff and to the KMCC Regulations Tariff. [***].
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Examples of Transportation Deduction in a sentence

  • In the event that PVOG ships volumes in excess of the Commitment in any given month, PVOG shall be entitled to a credit against any Deficiency Fees assessed by Republic in the subsequent twelve (12) months, or any Deficiency Fees paid by PVOG in the preceding twelve (12) months, in an amount equal to the surplus barrels multiplied by the Transportation Deduction (each, an "Over-Delivery Credit").

  • PVOG will be obligated to pay to Republic an amount for each deficient barrel equal to the Transportation Deduction (such amount, the "Deficiency Fees").

  • For each barrel of crude oil sold and delivered by PVOG to Republic hereunder, Republic agrees to pay to PVOG the Base Price less the Transportation Deduction (each as defined below).

  • If any Force Majeure Event or Enumerated Circumstance (as the case may be) claimed by Republic causes the suspension of the services provided hereunder to PVOG, PVOG's obligation to pay the Transportation Deduction and the Deficiency Fee shall be suspended for each day that such Force Majeure Event or Enumerated Circumstance (as the case may be) continues.


More Definitions of Transportation Deduction

Transportation Deduction means the sum of (i) the Committed Shipper B Base Rate Transportation Rate (the “Shipper B Base Rate”) as defined from time to time in the KMCC Rate Tariff as supplemented, revised or otherwise updated (the “KMCC Rate Tariff”), less [***], (ii) the pipeline loss allowance charged by KMCC, which rate is currently a deduction of 0.250% of the crude oil received with an API Gravity at or below 45.0 degrees and 0.375% of the crude oil received with an API Gravity above 45.0 degrees at the PVOG Delivery Point to cover for losses associated with the transportation of crude oil on KMCC, (iii) any other fees reflected in the KMCC Regulations Tariff that are charged for PVOG's crude oil movements (“Other Fees”) and which are applicable to similarly situated shippers under the KMCC Regulations Tariff; provided however, that “Other Fees” shall not include any amounts, charges or fees related to a rate schedule in the KMCC Rate Tariff other than the Shipper B Base Rate, and (iv) a marketing fee of [***] per barrel purchased and sold hereunder. For the avoidance of doubt, after the initial thirty-six (36) months of the term, there shall be no deduction to the KMCC Rate Tariff under clause (i) above in this Section 3.b.” US-DOCS\101628259.2
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Related to Transportation Deduction

  • Transportation fuel means electricity and any liquid or

  • Transportation Expense means the cost of Medically Necessary conveyance, personnel, and services or supplies.

  • Transportation means any land, sea or air conveyance required to Transport the Insured during an Emergency Evacuation. Transportation includes, but is not limited to, air ambulances, land ambulances and private motor vehicles.

  • Economy Transportation means the lowest published available transportation rate for a ticket on a Common Carrier matching the original class of transportation that You purchased for Your Trip.

  • Transportation Costs means a component of the Charges, comprising those charges payable to the TNO and/or DNO for the use of their networks as applicable from time to time under the Industry Agreements including those charges more specifically referred to as “DUoS” and “TNUoS” and specified as “Included in the Unit Rate”, “Fixed” or “Pass-Through” in the Quotation Document or as otherwise notified to you as payable during the Supply Contract from time to time;