Export Crude definition

Export Crude means crude oil, blended crude oil, crude oil mixture, diluted crude oil, synthetic crude and bitumen crude delivered to the Tanks at Corpus West Terminal for export purposes.
Sample 1

Examples of Export Crude in a sentence

  • Supply and Lease AgreementsThe Parent Company has assigned all its rights and obligations to PSTPL (as Assignee) to have a term contract to purchase the Parent Company’s crude oil requirements from Saudi Arabian Oil Company (Saudi Aramco), based on the latter’s standard Far East selling prices and Kuwait Petroleum Corporation (KPC) to purchase Kuwait Export Crude Oil (KEC) at pricing based on latter’s standard KEC prices.

  • The Summary of Federation Equity (Direct Export) Crude Oil and Gas/Feedstock sales in 2012, duly validated and reconciled to NNPC-COMD records are as set out in Table 4.2.2 below:Table 4.2.2: Export Crude Oil and Gas Sales Volume and Values (Sales Receivable) for 2012 QuarterExport Crude SalesThe volumes shown in the above tables have been reconciled with the physical audit team.

  • The volume of Equity Crude Oil sales for the years under review is summarized into Export Crude Oil sales and Domestic Crude Oil Sales as shown below.

  • Dans Global (one of the NNPC crude oil off-takers) resulting to revenue loss of $735,724.68 (See Appendix 8 Schedule of pricing shortfall- Export Crude).

  • The dedicated foreign bank account opened by the CBN for receipts of proceeds from Export Crude Oil Sales is the CBN/NNPC JP Morgan Oil and Gas Revenue (Dollar) Account.A separate bank account - CBN/NNPC JP Morgan Gas Revenue (Dollar) Account, is also maintained by the CBN with JP Morgan Chase for the receipts of proceeds from sale of Gas and Feedstock.

  • As part of our validation procedures, we prepared the Export Crude Oil and Gas/Feedstock Receivables Control Account in order to present a summary view of the whole transactions and payments received for the year and establish the Export crude oil and gas/Feedstock Receivables as at 31st December 2012.

  • See Table 6.3.1 & Chart 6.3.1 overleaf for details.Table 6.3.1: NNPC/FGN Export Crude Oil & Gas Dollar Accruals, Receipts & Payments Note:▪ Export Crude Oil Sales proceeds are received 30 days after bill of lading date.▪ In January 2021, Naira portion of N52,856,382,425.73 equivalent to a functional Dollar of $139,462,750.46 at CBN advised exchange rate of N379/$ was transferred to JVCR from Domestic Crude Oil receipts in addition to the $80,318,774.73.

  • Catalyst is extensively used in Company refineries to obtain valuable products like LPG, Naphtha, Kerosene & Diesel from Kuwait Export Crude residues (KEC).

  • The Federation Equity Crude Oil and Gas revenue consists of Export Crude Sale, FIRS Crude (which represents tax oil revenue), DPR Crude oil (which represent payment onroyalties, concession rental), MCA (alternative funding arrangements with JV Operators), Reserve Development Project, Domestic Crude allocation.

  • For Model 4, NNPC response was that Audit should confirm the figures from NPDC and also note that Aroh field productions are taken as JV Chevron crude injections and lifted as part of Forcados crude while Egbema productions are lifted as part of Bonny JV crude.See appendix 11 the detailed comparison of the 2014 and 2015 of Federation Export Crude Oil Sales Volume and Values (Sales Receivable).

Related to Export Crude

  • Export Control Laws means (a) the U.S. Export Administration Regulations and all other Laws adopted by Governmental Authorities of the United States and other countries relating to import and export controls and (b) the anti-boycott regulations administered by the U.S. Department of Commerce and the U.S. Department of the Treasury and all anti-boycott Laws adopted by Governmental Authorities of other countries relating to prohibition of unauthorized boycotts.

  • Export Controls means all applicable export and reexport control Laws and regulations, including the Export Administration Regulations maintained by the U.S. Department of Commerce, trade and economic sanctions maintained by OFAC and the International Traffic in Arms Regulations maintained by the U.S. Department of State and any applicable anti-boycott compliance regulations.

  • Export Law means all constitutions, laws, statutes, codes, ordinances, orders, judgments, decrees, injunctions, rules, regulations, permits restrictive measures, trade sanctions, embargos and other legally binding requirements of all federal, country, international, state and local governmental authorities relating to export, re-export or import.

  • Export Laws means all applicable import, export control and sanctions, including but without limitation, the laws of the United States, the EU, and Germany.

  • Export Compliance You acknowledge that Licensor’s products and/or technology are subject to the U.S. Export Administration Regulations (the “EAR”) and You agree to comply with the EAR. You will not export or re-export Licensor’s products, directly or indirectly, to: (1) any countries that are subject to US export restrictions; (2) any end user who You know or have reason to know will utilize Licensor’s products in the design, development or production of nuclear, chemical or biological weapons, or rocket systems, space launch vehicles, and sounding rockets, or unmanned air vehicle systems, except as authorized by the relevant government agency by regulation or specific license; or (3) any end user who has been prohibited from participating in the US export transactions by any federal agency of the US government. By downloading or using the Software, You are agreeing to the foregoing and You are representing and warranting that You are not located in, under the control of, or a national or resident of any such country or on any such list. In addition, You are responsible for complying with any local laws in Your jurisdiction which may impact Your right to import, export or use Licensor’s products. Please consult the Bureau of Industry and Security web page xxx.xxx.xxx.xxx before exporting items subject to the EAR. For more information on exporting Software, including the applicable Export Control Classification Number (ECCN) and associated license exception (as applicable), see xxx.xxxx.xxx/xxxxxxx/xxxxx/. Upon request, Licensor's International Trade Services Department can provide information regarding applicable export restrictions for Licensor products. Licensor assumes no responsibility for Your failure to obtain any necessary export approvals. U.S. Government Restricted Rights. Use, duplication, or disclosure of any Deliverables by the U.S. Government is subject to the restrictions in FAR 52.227-14 (Dec 2007) Alternate III (Dec 2007), FAR 52.227-19 (Dec 2007), or DFARS 252.227-7013(b)(3) (Nov 1995), or applicable successor clauses.

  • export means:

  • Export and Import Laws means the Arms Export Control Act, the International Traffic in Arms Regulations, the Export Administration Act of 1979, as amended, the Export Administration Regulations, and all other laws and regulations of the United States government regulating the provision of services to non-U.S. parties or the export and import of articles or information from and to the United States of America, and all similar laws and regulations of any foreign government regulating the provision of services to parties not of the foreign country or the export and import of articles and information from and to the foreign country to parties not of the foreign country.

  • Export-controlled items means items subject to the Export Administration Regulations (EAR) (15 CFR parts 730-774) or the International Traffic in Arms Regulations [(ITAR)] (22 CFR parts 120-130). The term includes—

  • Sex trafficking means the recruitment, harboring, transportation, provision, or obtaining of a person for the purpose of a commercial sex act.

  • Interconnection Regulations means the Telecommunication (Broadcasting and Cable) Services Interconnection (Addressable Systems) Regulations, 2017 (as amended).

  • export date means the earlier of the following dates namely —

  • Export Approvals has the meaning specified in Section 4.26(a).

  • Export Order means a written export order or contract for the purchase by the Buyer from Borrower of any of the Items.

  • Tobacco products means cigars, cigarettes, cheroots, stogies, periques, granulated, plug cut, crimp cut, ready rubbed, and other smoking tobacco, snuff, snuff flour, moist snuff, cavendish, ping and twist tobacco, fine-cut and other chewing tobaccos, shorts, refuse scraps, clippings, cuttings and sweepings of tobacco, and other kinds and forms of tobacco, prepared in such manner as to be suitable for chewing or smoking in a pipe or otherwise, or both for chewing and smoking.

  • InterMTA Traffic means traffic to or from WSP’s network that, at the beginning of the call, originates in one MTA and terminates in another MTA.

  • Red Hat Products means Software, Services, Subscriptions and other Red Hat branded offerings made available by Red Hat.

  • Goods and Services Tax (GST) shall mean any tax payable on the supply of goods, services or other things in accordance with the provisions of GST Law.

  • Trafficking means offering, attempting to engage, or

  • Foreign Air Carrier means any air carrier which is not a U.S. Air Carrier and which performs maintenance, preventative maintenance and inspections for the Aircraft, Airframe and/or any Engine or engine to standards which are approved by, or which are substantially equivalent to those required by, the Federal Aviation Administration, the Civil Aviation Authority of the United Kingdom, the Direction Generale de l'Aviation Civile of the French Republic, the Luftfahrt Bundesamt of the Federal Republic of Germany, the Rijflauchtraatdienst of the Kingdom of the Netherlands, the Ministry of Transportation of Japan or the Federal Ministry of Transport of Canada (and any agency or instrumentality of the applicable government succeeding to the functions of any of the foregoing entities).

  • Sanctions and Export Control Laws means any applicable Law related to (a) import and export controls, including the U.S. Export Administration Regulations, (b) economic sanctions, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, the European Union, any European Union Member State, the United Nations, and Her Majesty’s Treasury of the United Kingdom or (c) anti-boycott measures.