Renewable Identification Numbers Clause Samples
The Renewable Identification Numbers (RINs) clause defines the rules and responsibilities regarding the generation, transfer, and retirement of RINs, which are credits used to track renewable fuel production and compliance under regulatory programs such as the U.S. Renewable Fuel Standard. This clause typically specifies which party is responsible for providing valid RINs with fuel deliveries, outlines procedures for verifying RIN authenticity, and may address remedies if invalid or insufficient RINs are provided. Its core function is to ensure regulatory compliance and allocate responsibility for RIN management between contracting parties, thereby reducing the risk of non-compliance penalties.
Renewable Identification Numbers. A. For Product classified as ethanol or biodiesel, Seller and Buyer must be registered with and approved by the United States Environmental Protection Agency (“EPA”) to buy and sell such Product with RINs. Buyer’s agreement to enter into an applicable Agreement with Seller is considered as Buyer’s confirmation that such EPA registration has been completed. “RIN” means Renewable Identification Number that complies with the rules and regulations relating to the current Renewable Fuel Standard (“RFS2”) of the Environmental Protection Agency.
Renewable Identification Numbers. Unless otherwise agreed to in the Contract, Seller retains ownership of all Renewable Identification Numbers (“RIN”) associated with this Contract, if any.
Renewable Identification Numbers. Unless set forth in the Special Provisions, no sale or transfer of Product under this Agreement shall result in the transfer of Renewable Identification Number credits, as that term is defined by the U.S. Environmental Protection Agency (EPA) statutes, rules and regulations applicable to the EPA Renewable Fuel Standard program.
Renewable Identification Numbers. ▇▇▇▇▇ shall be entitled to the benefits associated with all Renewable Identification Numbers (“RINs”) under the EPA Renewable Fuel Standards program in respect of the Products that are generated by ▇▇▇▇▇ or ▇▇▇▇▇▇▇▇ at the Tulsa Refinery, including the Tulsa Rack, regardless of whether ▇▇▇▇▇ is the blender of record. Subject to Section 10.2, ▇▇▇▇▇▇▇▇ shall be entitled to the benefits associated with all other RINs generated by ▇▇▇▇▇▇▇▇’▇ blending activities that occur after delivery of the Products by ▇▇▇▇▇ to ▇▇▇▇▇▇▇▇. For the avoidance of doubt, subject to Section 10.2, ▇▇▇▇▇▇▇▇ shall be entitled to the benefits associated with all RINs in respect of the Products that are generated at the Magellan Pipeline.
Renewable Identification Numbers. (RINs). By the twentieth (20th) day of the month following the end of each calendar month, BUYER shall prepare and forward to MPC a transfer document transferring a quantity of RINs equal to the number of gallons of Blend-Grade Gasoline purchased by BUYER from MPC pursuant to this Addendum for the prior calendar month divided by nine (9), plus the number of gallons of biodiesel blended into Blend-Grade Distillate purchased by BUYER from MPC pursuant to this Addendum for the prior calendar month multiplied by one and one-half (1.
Renewable Identification Numbers. HLBE shall accurately and timely assign Renewable Identification Numbers (singly, a “RIN” and, collectively, “RINs”) for all ethanol delivered hereunder with the equivalency value of 1.0 for corn ethanol. Such RINs shall comply with the rules and regulations promulgated by the Environmental Protection Agency pursuant to the Renewable Fuels Standard (as it may hereafter be amended, restated or modified). Simultaneously with the transfer of title to any ethanol from HLBE to Eco hereunder (on invoice), HLBE shall accurately assign and transfer the RIN or RINs for such ethanol to Eco. Alternatively, if it is later determined feasible, HLBE shall permit Eco to generate, assign and transfer the RIN or RINs for such ethanol, acting as an Agent on behalf of HLBE, including, without limitation, the creation and delivery of all necessary product transfer documents as required under applicable federal laws and regulations through the EPA EMTS. Upon request, Eco shall provide HLBE with a transaction summary of all quarterly transactions; however, HLBE shall remain responsible and accountable for the correct report submission of such required reports to the EPA. If the opportunity is available to create a value from buying or selling RINs that were generated by HLBE and transferred to Eco, (i) Eco will advise HLBE of such opportunity and (ii) Eco and HLBE will strategize together how to optimize the opportunity, then (iii) any profit generated from such activity will be shared equally by both parties. Eco is obligated to provide HLBE with undenatured export offers on a continuous basis during the Term in an effort to assist HLBE in managing its Renewable Identification Number (RIN) regulatory requirements.
Renewable Identification Numbers. If RINs are transferred in connection with the purchase or sale of Product hereunder, the transfer of RINS shall be governed by the terms of the RIN GTCs provided that:
(a) Section 3 of the RIN GTCs shall not apply and Section 7 of the RINs GTCs shall not apply except as explicitly referenced herein;
(b) Seller’s invoice must be accompanied by Seller’s RIN transfer documentation as required under Section 2 of the RINs GTCs;
(c) In the case of any inconsistency between the RINs GTCs and these GTCs, these GTCs shall govern, except with respect to Section 2 and Section 4 of the RINs GTCs.
Renewable Identification Numbers. A. For Product classified as ethanol or biodiesel, Seller and Bu yer m ust be registered with and approved by the United States Environm ental Protection Agency (“EPA”) to buy and sell such Product with RINs. Buyer’s agreem ent to enter into an applicable Agreem ent with Seller is considered as Buyer’s confirm ation that such EPA registration has been com pleted. “RIN” m eans Renewable Identification Num ber that com plies with the rules and regulations relating to the current Renewable Fuel Standard (“RFS2”) of the Environm ental Protection Agency.
B. The official Product Transfer Document (“PTD”) shall be sent by Seller with the sales invoice for the transaction, and the date of transfer shall be the date of invoice generation.
C. RINs shall be transferred under RFS2 by (i) Seller issuing a PTD which contains all matching inform ation required by the EPA’s Moderated Transaction System (“EMTS”), (ii) Seller subm itting the transaction to the EMTS system according to the term s set forth below, and (iii) Buyer confirming the matching information and the transaction in the EMTS system.
D. All RINs to be transferred by an Agreem ent shall be transferred through the EMTS according to RFS2 regulations. An y discrepancy with the transaction shall be reported by Bu yer to Seller before denying the transaction in the EMTS.
Renewable Identification Numbers. (RINs).
(a) For Renewable Identification Numbers (“RINs”) created prior to July 1, 2010 the following shall apply: By the twentieth (20th) day of the month following the end of each calendar month, BUYER shall prepare and forward to MPC a transfer document transferring a quantity of RINs equal to the [***] of [***] by [***] pursuant to [***] for the prior [***] pursuant [***] for the prior [***]. For Blend-Grade Gasoline and Blend-Grade Distillate delivered between January 1 and January 31, transferred RINs shall have been generated in the year of transfer or in the previous year. For Blend-Grade Gasoline and Blend-Grade Distillate delivered between February 1 and December 31, transferred RINs will be generated in the year of transfer. All transferred RINs will be unassigned RINs (K code = 2), and RINs transferred for biodiesel blending shall be biodiesel RINs (RR code = 15). In the event that any transferred RINs are later determined to be invalid RINs within the meaning of 40 CFR 80.1131, or to have been retired prior to the title transfer date, then BUYER shall transfer an equal amount of valid, unretired replacement RINs to MPC by the twentieth (20th) day of the month following the calendar month in which the transferred RINs were determined to be invalid or retired. MPC will not accept after August 31, 2010 for transfer any RIN created prior to July 1, 2010.
(b) For Renewable Identification Numbers (“RINs”) created on or after July 1, 2010 the following shall apply: By the twentieth (20th) day of the month following the end of each calendar month, BUYER shall prepare and forward to MPC a transfer document transferring a quantity of RINs equal to the [***] of [***] by [***] pursuant to [***] for the prior [***] pursuant [***] for the prior [***]. All RINs shall be transferred via a Product Transfer Document that is compliant with 40 CFR 80.1453 and shall be entered into the EPA Moderated Transaction System (EMTS) in accordance with 40 CFR 80.1452. For Blend-Grade Gasoline and Blend-Grade Distillate delivered between January 1 and January 31, transferred RINs shall have been generated in the year of transfer or in the previous year. For Blend-Grade Gasoline and Blend-Grade Distillate delivered between February 1 and December 31, transferred RINs will be generated in the year of transfer. All transferred RINs will be unassigned RINs (K code = 2), and _________________ [***] Confidential treatment requested pursuant to a request for confidential treatment...
Renewable Identification Numbers. Agri-Energy shall accurately and timely assign Renewable Identification Numbers (singly, a “RIN” and, collectively, “RINs”) for all ethanol delivered hereunder with the equivalency value of 1.0 for corn ethanol and for all isobutanol delivered hereunder with the equivalency value of 1.3 for corn isobutanol. Such RINs shall comply with the rules and regulations promulgated by the Environmental Protection Agency pursuant to the Renewable Fuels Standard (as it may hereafter be amended, restated or modified). Simultaneously with the transfer of title to any ethanol or isobutanol from Agri-Energy to Eco hereunder (on invoice), Agri-Energy shall accurately assign and transfer the RIN or RINs for such ethanol or isobutanol to Eco. Alternatively, if it is later determined feasible, Agri-Energy shall permit Eco to generate, assign and transfer the RIN or RINs for such ethanol or isobutanol, acting as an Agent on behalf of Agri-Energy, including, without limitation, the creation and delivery of all necessary product transfer documents as required under applicable federal laws and regulations through the EPA EMTS. Upon request, Eco shall provide Agri-Energy with a transaction summary of all quarterly transactions; however, Agri-Energy shall remain responsible and accountable for the correct report submission of such required reports to the EPA.