Common use of PRODUCT MEASUREMENT Clause in Contracts

PRODUCT MEASUREMENT. Measurement of Product into and out of storage shall also be made in accordance with the procedures and methods set out in Exhibit “B”. All Product gains and losses incurred while the product is under Lessor’s control shall be for the account of Lessee in proportion to the amount of Product delivered into storage by Lessee since the last time any such losses were calculated except as noted in Section 17. Lessor shall submit to Lessee monthly stock reports supported with appropriate receiving and shipping information showing movements of Product into and out of storage and the amount of Product remaining in storage.

PRODUCT MEASUREMENT. Measurement of Product into and out of storage shall also be made in accordance with the procedures and methods set out in Exhibit “B”. All Product gains and losses incurred while the product is under Lessor’s control shall be for the account of Lessee in proportion to the amount of Product delivered into storage by Lessee since the last time any such losses were calculated except as noted in Section 1713. Lessor guarantees to return to Lessee in accordance with the provisions of this paragraph 7 all Product measured into storage. Lessor shall submit to Lessee monthly stock reports supported with appropriate receiving and shipping information showing movements of Product into and out of storage and the amount of Product remaining in storage.

PRODUCT MEASUREMENT. Measurement of Product into and out of storage shall also be made in accordance with the procedures and methods set out in Exhibit “B”. All Product gains and losses incurred while the product Product is Storage Lease (BUTANE ISOMER) under Lessor’s control shall be for the account of Lessee in proportion to the amount of Product delivered into storage by Lessee since the last time any such losses were calculated except as noted in Section 1714. Lessor shall submit to Lessee monthly stock reports supported with appropriate receiving and shipping information showing movements of Product and isobutane into and out of storage and the amount of Product remaining in storage.