Common use of Fuel Summary Clause in Contracts

Fuel Summary. Compute fleet M.P.G. by fuel type. Divide your total miles traveled (including temporary fuel permit miles) by the total fuel consumed in all jurisdictions. Carry the figure out to 4 decimal places and then round to 2 decimal places (0.0049 is rounded down to 0.00 and 0.0050 is rounded up to 0.01). IFTA gas-volume-to-liquid-volume conversion factor for CNG is: divide CNG cubic feet by 126.67(CNG pounds by 5.66) to obtain gallon of gasoline measure.

Appears in 13 contracts

Samples: Fuel Tax Agreement, Ifta Instructions and Tax Rates, Ifta Instructions and Tax Rates

AutoNDA by SimpleDocs

Fuel Summary. Compute fleet M.P.G. MPG by fuel type. Divide your total miles traveled (including temporary fuel permit miles) by the total fuel consumed in all jurisdictions. Carry the figure out to 4 decimal places and then round to 2 decimal places (0.0049 is rounded down to 0.00 and 0.0050 is rounded up to 0.01). IFTA gas-volume-to-liquid-volume conversion factor for CNG is: divide CNG cubic feet by 126.67(CNG pounds by 5.66) to obtain gallon of gasoline measure.

Appears in 7 contracts

Samples: Fuel Tax Agreement, Ifta Instructions and Tax Rates, Ifta Instructions and Tax Rates

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!