Common use of Transportation Plan Clause in Contracts

Transportation Plan. In the month of June of each year, the Transporter will prepare the Transportation Plan for the five (5) next calendar years, expressed in Barrels per Calendar Day (BPDC). For the first year, the volumes provided will be the monthly average volumes, and for the subsequent years these will be the annual monthly averages. As a result of this Transportation Plan, the Available Capacity for the transportation of Third Parties’ Crude Oil will be figured out for each one of those periods. This information and the Effective Transportation Capacity will be available for consultation in the BTO.

Appears in 3 contracts

Samples: Crude Oil Transportation Agreement (Gran Tierra Energy Inc.), Crude Oil Transportation Agreement (Gran Tierra Energy Inc.), Crude Oil Transportation Agreement (Gran Tierra Energy Inc.)

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Transportation Plan. In the month of June of each year, the Transporter will prepare the Transportation Plan for the five (5) next calendar years, expressed in Barrels per Calendar Day (BPDC). For the first year, the volumes provided will be the monthly average volumes, and for the subsequent years these will be the annual monthly averages. As a result of this Transportation Plan, the Available Capacity for the transportation of Third Parties’ Crude Oil will be DC- Crude Oil Transportation Agreement - 009 - 2013 48 figured out for each one of those periods. This information and the Effective Transportation Capacity will be available for consultation in the BTO.

Appears in 1 contract

Samples: Crude Oil Transportation Agreement (Gran Tierra Energy Inc.)

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