Services Provided by Tlo Volume Losses Clause Samples
The 'SERVICES PROVIDED BY TLO; VOLUME LOSSES' clause defines the responsibilities of the Terminal Logistics Operator (TLO) in delivering specified services and addresses how losses in product volume are managed during handling or storage. Typically, this clause outlines the scope of services the TLO must perform, such as loading, unloading, or warehousing, and sets out procedures for measuring and accounting for any discrepancies in product volume that may occur due to evaporation, spillage, or other causes. Its core function is to allocate responsibility for service performance and volume loss, ensuring both parties understand how such losses are tracked and who bears the associated risk or cost.
Services Provided by Tlo Volume Losses. In consideration of TRMC’s Minimum Volume Commitment and the fees and charges specified in Section 5, the services provided by TLO pursuant to this Agreement shall only include the gathering, scheduling, loading, transporting, and delivering of crude petroleum to TLO’s truck unloading facilities for movement into the High Plains System and other destinations upon mutual agreement as provided herein, as well as accounting and data services with respect to the foregoing. Further, TLO shall ensure that all transport vehicles used will be clean and free of contaminants, will be in compliance with all state and federal laws and regulations and designated as the proper container for the crude petroleum being transported. TLO will also ensure that all drivers of these transport vehicles will be adequately trained and qualified to perform the services stated herein.
Services Provided by Tlo Volume Losses