Two-party exchange definition

Two-party exchange means a transaction in which fuel is transferred from one licensed supplier to
Two-party exchange means a transaction in which motor fuel is transferred from 1 licensed supplier or licensed permissive supplier to another licensed supplier or licensed permissive supplier where all of the following occur:
Two-party exchange or "buy-sell agreement" means a

More Definitions of Two-party exchange

Two-party exchange means a transaction in which special fuel is
Two-party exchange means a transaction in which fuel is transferred from one licensed supplier to another licensed supplier pursuant to an exchange agreement, which transaction (i) includes a transfer from the person who holds the inventory position in taxable motor fuel in the terminal as reflected on the records of the terminal operator and (ii) is completed prior to removal of the product from the terminal by the receiving exchange partner.
Two-party exchange means a transaction, including a book transfer, in which fuel is transferred from 1 supplier to another supplier where all of the following occur:
Two-party exchange or "buy-sell agreement" means a transaction in which taxable fuel is transferred from one licensed supplier to another licensed supplier whereby the supplier that is the position holder agrees to deliver taxable fuel to the other supplier or the other supplier's customer at the terminal at which the delivering supplier is the position holder.
Two-party exchange means a transaction in which special fuel is transferred between licensed suppliers pursuant to an exchange agreement.
Two-party exchange means a transaction in which:
Two-party exchange means a transaction in which the