DAILY BALANCE OF THE SYSTEM. CENIT’S purpose is the transportation of Hydrocarbons so it will have no earnings or losses due to variations in quantities or qualities between Deliveries and Withdrawals. The withdrawals of Crude Oil may have a quality different from that of the deliveries and the quantities will take into account the Identifiable Losses, the Non – Identifiable Losses, the Line Fill and the variation of inventories.
Appears in 4 contracts
Samples: Crude Oil Transportation Agreement (Gran Tierra Energy Inc.), Crude Oil Transportation Agreement (Gran Tierra Energy Inc.), Crude Oil Transportation Agreement (Gran Tierra Energy Inc.)
