Common use of Measurement Procedures Clause in Contracts

Measurement Procedures. Simultaneously with the submission of the Development Plan for the approval of the CNH, the Contractor shall propose the procedures that shall govern the scheduling, Storage, measurement and quality monitoring of Net Hydrocarbons at the Measurement Points. The procedures shall comply with the provisions of this Contract, Chapter 11 of the latest version of the Manual of Petroleum Measurement Standards of the American Petroleum Institute, Industry Best Practices and the Applicable Laws, and shall cover the following matters, among others: (i) the measurement systems; (ii) short-term production forecasts; (iii) industrial safety, operational safety, environmental protection and occupational health measures, and (iv) the liabilities derived from the guardianship and custody of the Hydrocarbons from the Xxxxx to the Measurement Point. The CNH will review the procedures proposed by the Contractor and will indicate any objection or observation to the Contractor within thirty (30) Days following its receipt thereof. Without prejudice of the ability of the CNH to approve the procedures referred in this Article, the Contractor shall attend observations made by the CNH in the procedures and shall submit a new version attending such observations within thirty (30) Days following its receipt thereof. Hearings or attendances may be held by the CNH and the Contractor in order to resolve in good faith any technical difference that may exist regarding the observations to the procedures, in accordance with the Industry Best Practices and the Applicable Laws.

Measurement Procedures. Simultaneously with the submission of the Development Plan for the approval of the CNH, the Contractor shall propose the procedures that shall govern the scheduling, Storage, measurement and quality monitoring of Net Hydrocarbons at the Measurement Points. The procedures shall comply with the provisions of this Contract, Chapter 11 of the latest version of the Manual of Petroleum Measurement Standards of the American Petroleum Institute, Industry Best Practices and the Applicable Laws, and shall cover the following matters, among others: (i) the measurement systems; (ii) short-term production forecasts; (iii) industrial safety, operational safety, environmental protection and occupational health measures, and (iv) the liabilities derived from the guardianship and custody of the Hydrocarbons from the Xxxxx to the Measurement Point. The CNH will review the Contractor’s proposed procedures proposed by the Contractor and will indicate any objection or observation to the Contractor within thirty (30) Days following its receipt thereof. Without prejudice of the ability of the CNH to approve the procedures referred in this Article, the Contractor shall attend observations made by the CNH in the procedures and shall submit a new version attending such observations within thirty (30) Days following its receipt thereof. Hearings or attendances may be held by the CNH and the Contractor in order to resolve in good faith any technical difference that may exist regarding the observations to the procedures, in accordance with the Industry Best Practices and the Applicable Laws.