Common use of CALCULATION OF FINAL INVENTORY QUANTITY Clause in Contracts

CALCULATION OF FINAL INVENTORY QUANTITY. The IIC will calculate the Net Standard Inventory volume for each onsite or offsite Tank, pipeline, bullet or sphere identified in the Inventory Schedule at all locations specified in the Inventory Schedule as of the Hydrocarbon Inventory Transfer Times. The IIC’s final net inventory calculation after review by the Inventory Team will determine the total Hydrocarbon Inventory volume. Any material with quality specifications that differ substantially from properties which are typical of that Product, as appropriate, will be dealt with separately between PRC and Xxxx. Products that are in the process of blending or rundown from process units are excluded from this step and are deemed in spec material.

CALCULATION OF FINAL INVENTORY QUANTITY. The IIC will calculate the Net Standard Inventory volume for each onsite or offsite Tank, pipeline, bullet or sphere identified in the Inventory Schedule at all locations specified in the Inventory Schedule as of the Hydrocarbon Inventory Transfer Times. The IIC’s final net inventory calculation after review by the Inventory Team will determine the total Hydrocarbon Inventory volume. Any material with quality specifications that differ substantially from properties which are typical of that Product, as appropriate, will be dealt with separately between PRC DCR and Xxxx. Products that are in the process of blending or rundown from process units are excluded from this step and are deemed in spec material.

CALCULATION OF FINAL INVENTORY QUANTITY. The IIC will calculate the Net Standard Inventory volume for each onsite or offsite Tank, pipeline, bullet or sphere identified in the Inventory Schedule at all locations specified in the Inventory Schedule as of the Hydrocarbon Inventory Transfer TimesTime. The IIC’s final net inventory calculation after review by the Inventory Team will determine the total Hydrocarbon Inventory volume. Any material with quality specifications that differ substantially from properties which are typical of that Product, as appropriate, will be dealt with separately between PRC and Xxxx. Products that are in the process of blending or rundown from process units are excluded from this step and are deemed in spec material.

CALCULATION OF FINAL INVENTORY QUANTITY. The IIC will calculate the Net Standard Inventory volume for each onsite or offsite Tank, pipeline, bullet or sphere identified in the Inventory Schedule at all locations specified in the Inventory Schedule as of the Hydrocarbon Inventory Transfer TimesTime. The IIC’s final net inventory calculation after review by the Inventory Team will determine the total Hydrocarbon Inventory volume. Any material with quality specifications that differ substantially from properties which are typical of that Product, as appropriate, will be dealt with separately between PRC DCR and Xxxx. Products that are in the process of blending or rundown from process units are excluded from this step and are deemed in spec material.