Common use of Blending Fees Clause in Contracts

Blending Fees. (i) Customer will pay Company an ethanol blending fee of $ 0.113 per Barrel of gasoline blended with ethanol at a blend ratio of 10% ethanol. All Ethanol shall be provided by Customer. For ethanol blended with gasoline at a blend ratio higher than 10% the Parties will negotiate in good faith an alternative blending fee for the incremental ethanol in excess of 10%, taking into account the actual incremental cost of service for providing the higher blend ratio. (ii) Customer will pay Company a blending fee of $0.130 per Barrel of ULSD blended with B99 or B100 Biodiesel at a blend ratio of 5% Biodiesel. All Biodiesel shall be provided by Customer. For Biodiesel blended with ULSD at a blend ratio higher than 5% the Parties will negotiate in good faith an alternative blending fee for the incremental Biodiesel in excess of 5%, taking into account the actual incremental cost of service for providing the higher blend ratio.

Appears in 2 contracts

Samples: Master Terminal Services Agreement (Valero Energy Partners Lp), Master Terminal Services Agreement (Valero Energy Partners Lp)

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Blending Fees. (i) Customer will pay Company an ethanol blending fee of $ 0.113 per Barrel of gasoline blended with ethanol at a blend ratio of 10% ethanol. All Ethanol shall be provided by Customer. For ethanol blended with gasoline at a blend ratio higher than 10% the Parties will negotiate in good faith an alternative blending fee for the incremental ethanol in excess of 10%, taking into account the actual incremental cost of service for providing the higher blend ratio. . (ii) Customer will pay Company a blending fee of $0.130 per Barrel of ULSD blended with B99 or B100 Biodiesel at a blend ratio of 5% Biodiesel. All Biodiesel shall be provided by Customer. For Biodiesel blended with ULSD at a blend ratio higher than 5% the Parties will negotiate in good faith an alternative blending fee for the incremental Biodiesel in excess of 5%, taking into account the actual incremental cost of service for providing the higher blend ratio. (d) Sampling Fee. Customer will pay a $100 fee per sample for all samples drawn at Customer’s request excluding any composite samples taken on pipeline receipts to or pipeline deliveries from the Terminal.

Appears in 1 contract

Samples: Master Terminal Services Agreement

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