Common use of Volume Losses Clause in Contracts

Volume Losses. Delek-Big Xxxxx shall use commercially reasonable efforts to minimize volume losses of Product at the Terminal. Title to the Products tendered by or on behalf of Delek Refining for terminalling or storage hereunder will remain with Delek Refining at all times. Delek Refining shall, during each month, (i) be entitled to all volumetric gains in the Terminal and (ii) be responsible for all volumetric losses in the Terminal up to a maximum of 0.25%. If volume losses of any Product exceed 0.25% during any particular month, Delek-Big Xxxxx shall pay Delek Refining for the difference between the actual loss and the 0.25% allowance at a price per barrel for that Product as reported by the Oil Price Information Service (“OPIS”) using the monthly average OPIS unbranded contract rack posting for that Product during the month in which the volume difference was accounted for.

Volume Losses. Delek-Big Xxxxx shall use commercially reasonable efforts to minimize volume losses of Product at the TerminalFacilities. Title to the Products tendered by or on behalf of Delek Refining DKTS for terminalling terminalling, transportation or storage hereunder will remain with Delek Refining DKTS at all times. Delek Refining DKTS shall, during each month, (ia) be entitled to all volumetric gains in the Terminal Facilities and (iib) be responsible for all volumetric losses in the Terminal Facilities up to a maximum of 0.25%. If volume losses of any Product exceed 0.25% during any particular month, Delek-Big Xxxxx shall pay Delek Refining DKTS for the difference between the actual loss and the 0.25% allowance at a price per barrel for that Product as reported by the Oil Price Information Service (“OPIS”) using the monthly average OPIS unbranded contract rack posting for that Product during the month in which the volume difference was accounted for.