Correction of Major Mismeasurements Sample Clauses

Correction of Major Mismeasurements. In respect of each Mismeasurement to which Paragraph 6.4 above applies, INEOS will apply the notified corrections to the next set of accounts to be run so that the corrections lead to revised entitlements for all Members (and the members of their respective Shippers Groups). Upon agreement by the Forum of the Mismeasurement INEOS will apply any difference between the agreed quantity and the notified quantity, in equal amounts up to 1000 tonnes, to the next sets of accounts to be run so that the corrections lead to revised entitlements for all Members (and the members of their respective Shippers Groups). The Members intend that all Mismeasurements will effectively be corrected by an amendment to the overlift/underlift balances in the hydrocarbon accounts on the basis of the quantity of hydrocarbons mismeasured, and without reference to the timing of the Mismeasurement or changes in the price of related products in the interim. Without prejudice to their rights under each TPA, each Member acknowledges the impact a variation of entitlement consequent on the corrections of a major Mismeasurement would have on the hydrocarbon lifting sales programme of other users of the FPS System. Members intend that, when they are an underlifter, they will give sympathetic consideration to a request by an overlifter to spread the adjustment of entitlement over an appropriate period of time. As a guideline, where an adjustment to the entitlement of any Member is around ten thousand (10,000) tonnes mass (dry) or twelve thousand square metres (12,000 m3) as appropriate, correction in equal amounts over the following three months is considered to be reasonable.
Sample 1
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Related to Correction of Major Mismeasurements

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