Working Stock definition

Working Stock means the volume of Crude Petroleum required by the Carrier, at initiating locations where the Carrier owns tankage, to float tank roofs to working levels and to maintain that level and for terminal piping.

Working Stock means the volume of Crude Petroleum required by the Carrier as linefill for operational and scheduling purposes as specified from time to time by the Carrier.

Working Stock means the volume of Petroleum required to be held by Carrier within the Pipeline System for operational and scheduling purposes as determined by and specified from time to time by Carrier.

Examples of Working Stock in a sentence

• Each Shipper shall supply its quantity of Working Stock as determined from time to time by the Carrier.

• For the purpose of this tariff, and without limiting the generality of the charges and costs lawfully due to the Carrier under this tariff, those charges and costs shall include transportation charges, Shortfall Payments, charges for deficient Working Stock, and negative Shipper’s balance positions.

• At any time, upon the request of the Carrier, any prospective or existing Shipper shall provide information to the Carrier that will allow the Carrier to determine the prospective or existing Shipper’s capacity to perform any financial obligations that could arise under the terms of this tariff, including the payment of transportation charges, Shortfall Payments, charges for deficient Working Stock and negative Shipper's balance positions.

• In the event Shipper fails to supply the Working Stock volumes as requested by the Carrier in Rule 13(a), the Carrier will obtain the deficient Working Stock volumes on such Shipper’s behalf, and such Shipper shall pay for, all charges incurred by the Carrier to obtain the deficient Working Stock volumes upon receipt of the Carrier’s invoice therefor.

• For the purpose of this tariff, and without limiting the generality of the charges and costs lawfully due to the Carrier under this tariff, those charges and costs shall include transportation charges, charges for deficient Working Stock, and negative Shipper’s balance positions.

More Definitions of Working Stock

Working Stock means the volume of Crude Petroleum required by Carrier for the efficient operation of the Pipeline.

Working Stock means the volume of Light Condensate required by Carrier as linefill for its pipeline, pump stations and terminals for operational and scheduling purposes, as specified from time to time by Carrier.

Working Stock means the volume and grade of product required by Carrier for pipeline line fill and, at an Origin Point, locations along the Pipeline, or at the Destination Point where Carrier owns tankage, to float tank roofs to working levels and to maintain such levels and for terminal piping.

Working Stock means the volume of petroleum required by the Carrier at initiating locations and as linefill for operational and scheduling purposes as specified from time to time by the Carrier.

Working Stock means the volume of Petroleum required by Carrier for efficient operations and scheduling purposes as specified from time to time by Carrier, subject to relevant provisions of any TSAs, and includes line fill and tank bottoms.

Working Stock means the volume of Crude Oil required by Carrier for operational and scheduling purposes as determined and specified by Carrier from time to time.

Working Stock means notes of an authorised bank that have previously been issued, are not issued, but are being held by the authorised bank awaiting reissue.