Measurement of Quantity. Volume will be settled as Net Standard Volume (NSV) and shall be understood to be the total volume of all petroleum liquids, excluding sediment and water (BSW) at a standard temperature of 60° F. The metering can be performed with dynamic or static metering, using the methods described in the MMH. The volume, over which the crude delivered by SELLER at the input flange at the Tumaco Plant will be the volume that results from application of the volumetric compensation and sent by CENIT TRANSPORTE Y
Appears in 2 contracts
Samples: Agreement for the Purchase of Commodities (Crude Oil) (Gran Tierra Energy Inc.), Agreement for the Purchase of Commodities (Crude Oil) (Gran Tierra Energy Inc.)
Measurement of Quantity. Volume The volume will be settled calculated as Net Standard Volume (NSV) and it shall be understood to be construed as the total volume of all the petroleum liquids, excluding sediment and water (BSW) at art a standard temperature of 60° 60º F. The metering measurement can be performed made with static or dynamic or static meteringmeasurement, using applying the methods described in the MMH. The volume, over which the crude delivered by SELLER at the input flange at the Tumaco Plant will be the volume that results from application of the volumetric compensation and sent by CENIT TRANSPORTE Y.
Appears in 2 contracts
Samples: Agreement for the Sale and Purchase of Commodities (Crude Oil) (Gran Tierra Energy Inc.), Agreement for the Sale and Purchase of Commodities (Crude Oil) (Gran Tierra Energy Inc.)
Measurement of Quantity. Volume The volume will be settled as Net Standard Volume (NSV) and shall be understood to be the total volume of all petroleum liquids, excluding sediment and water (BSW) at a standard temperature of 60° F. sixty degrees Fahrenheit (60º F). The metering can be performed with dynamic or static metering, using the methods described in the MMH. The volume, over which the crude delivered by SELLER at the input flange at the Tumaco Plant will be the volume that results from application of the volumetric compensation and sent by CENIT TRANSPORTE Y.
Appears in 2 contracts
Samples: Agreement for the Purchase of Commodities (Crude Oil) (Gran Tierra Energy Inc.), Agreement for the Purchase of Commodities (Crude Oil) (Gran Tierra Energy Inc.)