Quantity Measurement Procedures for Vessel Deliveries of Product Sample Clauses

Quantity Measurement Procedures for Vessel Deliveries of Product. The Delivery Inspector shall determine the Delivery Quantity at the time of delivery. To do so, the Delivery Inspector shall, in accordance with prevailing industry standards: (i) measure the receipt temperature, API gravity, and the quantity received, in gross BBLs, of Product discharged from the Vessel into the tank(s) at the Delivery Point designated by BUYER, (ii) calculate the Delivery Quantity, in net BBLs, corrected to a temperature of sixty degrees Fahrenheit (60oF), in accordance with ASTM D-1250, Table 6B in its latest revision, and (iii) provide copies of the Delivery Inspector’s volume report to BUYER and SELLER. The net BBLs on the Delivery Inspector’s report shall be final and binding upon the Parties, except in case of fraud or manifest error, and shall be used for purposes of invoice preparation and payment.
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