Common use of Procedures for Reception Clause in Contracts

Procedures for Reception. No later than one hundred eighty (180) Days prior to the commencement of Regular Commercial Production, the Contractor shall propose to CNH procedures for the delivery and receipt of Net Hydrocarbons. Such procedures shall govern the scheduling, Storage, measurement and quality monitoring of the Net Hydrocarbons delivered 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 delivery forecasts; (iii) scheduling of delivery and receipt; (iv) environmental protection measures, and (v) the liabilities derived from the guardianship and custody of the Hydrocarbons from the Xxxxx to the Measurement Point. CNH will review the Contractor’s proposed procedures and will indicate any objection or observation to the Contractor within thirty (30) Days following its receipt thereof. Without prejudice of the ability of CNH to approve the delivering and reception procedures for Net Hydrocarbons from the CNH, the Contractor shall attend the observations made by 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 in order to resolve in good faith any technical difference that may exist regarding to the observations of the procedures, in accordance with the Industry Best Practices and the Applicable Laws.

Procedures for Reception. No later than one hundred eighty (180) Days prior to the commencement of Regular Commercial Production, the Contractor shall propose to CNH procedures for the delivery and receipt of Net Hydrocarbons. Such procedures shall govern the scheduling, Storage, measurement and quality monitoring of the Net Hydrocarbons delivered 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 delivery forecasts; (iii) scheduling of delivery and delivery/receipt; (iv) environmental protection measures, and (v) the liabilities derived from the guardianship and custody of the Hydrocarbons from the Xxxxx to the Measurement Point. CNH will review the Contractor’s proposed procedures and will indicate any objection or observation to the Contractor within thirty (30) Days following its receipt thereof. Without prejudice of the ability of CNH to approve the delivering and reception procedures for Net Hydrocarbons from the CNHHydrocarbons, the Contractor shall attend the observations made by 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 in order to resolve in good faith any technical difference that may exist regarding to the observations of the procedures, in accordance with the Industry Best Practices and the Applicable Laws.

Procedures for Reception. No later than one hundred eighty (180) Days prior to the commencement of Regular Commercial Production, the Contractor shall propose to CNH procedures for the delivery and receipt of Net Hydrocarbons. Such procedures shall govern the scheduling, Storage, measurement and quality monitoring of the Net Hydrocarbons delivered 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 must cover the following mattersfollowing, among others: (i) the measurement systems; (ii) short-term production delivery forecasts; (iii) scheduling of delivery and delivery/receipt; (iv) environmental protection measures, and (v) the liabilities derived from the guardianship and custody of the Hydrocarbons from the Xxxxx to the Measurement Point. CNH will review the Contractor’s proposed procedures and will indicate any objection or observation to the Contractor within thirty (30) Days following its receipt thereof. Without prejudice of the ability of CNH to approve the delivering and reception procedures for Net Hydrocarbons from the CNHHydrocarbons, the Contractor shall attend the observations made by 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 in order to resolve in good faith any technical difference that may exist regarding to the observations of to the procedures, in accordance with the Industry Best Practices and the Applicable Laws.