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
Unless otherwise precluded by Applicable Law and subject to operational constraints, Carrier shall return to Shipper substantially all of Shipper’s Working Stock or in-transit batches of Petroleum within a commercially reasonable period of time following the expiration or termination of this Agreement, which Petroleum shall be of substantially the same type and quality as that which was delivered to Carrier.
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 Diluent 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 Crude Oil required by Carrier for operational and scheduling purposes as determined and specified by Carrier from time to time.
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 notes of an authorised bank that have previously been issued, are not issued, but are being held by the authorised bank awaiting reissue.