Common use of Exit Point Clause in Contracts

Exit Point. It is the exact point of the Pipeline in which the Sender withdraws the Crude Oil delivered by the Transporter through the Exit Node and the Transporter’s custody of the Crude ceases. It must be specified in the Transportation Contract.

Exit Point. It is the exact point of the Pipeline in which the Sender withdraws the Crude Oil delivered by the Transporter through the Exit Node and the Transporter’s custody of the Crude ceases. It must be specified in the Transportation Contract.. DC – Contrato de Transporte de Crude Oil – 008 – 2013 42