Flow Meter; Records Sample Clauses
The 'Flow Meter; Records' clause establishes requirements for the installation, maintenance, and use of flow meters to measure quantities of materials, such as water, gas, or other fluids, passing through a system. It typically obligates one or both parties to ensure that accurate flow meters are in place and that detailed records of flow measurements are kept and made available for inspection. This clause ensures transparency and accountability in the measurement of resources, helping to prevent disputes over usage and billing.
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Flow Meter; Records. With regard to Oil delivered to the Facility via the Pipeline, Bunge will determine the volume of Oil delivered to Producer by Bunge using a flow meter attached to that portion of the Pipeline on Bunge’s property. Bunge will install the flow meter and maintain (at its own expense) the accuracy of the flow meter and ensure that it is inspected and certified as required by applicable law. Producer may, at its sole expense, test the accuracy of the flow meter. Bunge will maintain all flow meter records of Oil deliveries for at least one year after their creation and provide copies of such records to Producer upon request. Such flow meter records will determine the volume of Oil delivered via the Pipeline for which Producer is obligated to pay pursuant to Article 4. Bunge will report to Producer the volume of any Oil delivery via the Pipeline to the Facility at least once per day, or at such times as reasonably requested by Producer.
Flow Meter; Records. With regard to Oil delivered to the Facility via the Pipeline, Producer will determine the volume of delivered Oil by using a flow meter attached to the Pipeline and located on Producer’s leased property. Producer will install the flow meter and maintain (at its own expense) the accuracy of the flow meter and ensure that it is NTEP-approved and inspected and certified by the State of Illinois. As requested by Bunge on no more than a quarterly basis, the Contracting Parties will engage a third-party testing firm to test the accuracy of the flow meter and will share equally the costs of such testing. Producer will maintain all flow meter records of Oil deliveries for at least one year after their creation and provide copies of such records to Bunge upon request. Such flow meter records will determine the volume of Oil delivered via the Pipeline for which Producer is obligated to pay pursuant to Article 4. Producer will report to Bunge the volume of any Oil delivery via the Pipeline to the Facility at least once per day, or at such times as reasonably requested by Bunge.