Delivered Volume Sample Clauses
The Delivered Volume clause defines the specific quantity of goods, materials, or services that must be provided under a contract. It typically outlines how the delivered amount is measured, any acceptable tolerances or variances, and the process for verifying the actual volume received. This clause ensures both parties have a clear understanding of delivery expectations, helping to prevent disputes over shortfalls or over-deliveries and supporting accurate billing and fulfillment.
Delivered Volume. The Independent Inspector shall make an accurate assessment of the approximate volume of Oil in Inventory in the Storage Facilities at MonthEnd of Month M, and Buyer shall transmit a report based on the Independent Inspector’s assessment (each, an “Inventory Assessment”) to Seller in the format shown in Appendix 17. Such Inventory Assessment shall be the “Closing Inventory” for Month M and the “Opening Inventory” for Month M+1. The “Delivered Volume” for Month M is equal to the Opening Inventory in Month M plus the Supplied Volume in Month M minus Closing Inventory in Month M.
Delivered Volume. An assessment of the approximate volume of Oil and Feedstock in Inventory in the Storage Facilities based on the best available data at MonthEnd of Month M shall be transmitted by Buyer (each, an “Inventory Assessment”) to Seller in the format shown in Appendix 17. Such Inventory Assessment shall be the “Closing Inventory” for Month M and the “Opening Inventory” for Month M+1. The “Delivered Volume” for Month M is equal to the Opening Inventory in Month M plus the Supplied Volume in Month M minus Closing Inventory in Month M.