Actual Shipments definition

Actual Shipments means volumes of Crude Petroleum that originate on the Pipeline at the Receipt Point and that are ultimately delivered at a Delivery Point. All volumes shall be measured at the Receipt Point.

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Actual Shipments means the Barrels of Product that a Shipper delivered to Carrier at an Origin Point for transportation on Carrier’s System during a particular month. For any month during the Base Period that a Shipper does not ship on Carrier’s System, the Shipper’s Actual Shipments for that month will be considered zero.

Actual Shipments means volumes of Crude Petroleum that originate on the Pipeline at the Receipt Point and that are

Examples of Actual Shipments in a sentence

• Subject to Sections 4.3 and 4.4, the Company shall pay the Partnership an amount equal to the Crude Throughput Fee multiplied by the Actual Shipments on the Lion Crude Pipelines (other than the Duplicative Crude).

• If, for any Contract Quarter, Actual Shipments are less than the Minimum Throughput Commitment, then the Refining Entity shall pay the Logistics Entity an amount (a “Shortfall Payment”) equal to the difference between (i) the Minimum Throughput Commitment multiplied by the Base Throughput Fee and (ii) the aggregate Throughput Fees for such Contract Quarter payable under Section 2(b)(i) and Section 2(b)(ii).

• Subject to Sections 4.3 and 4.4, the Company shall pay the Partnership an amount equal to the Products Throughput Fee multiplied by the Actual Shipments on the Product Pipelines.

• Subject to Sections 2(d) and 2(j), the Refining Entity shall pay the Logistics Entity an amount equal to the Additional Throughput Fee multiplied by the Actual Shipments on the Pipelines in excess of the Additional Throughput Threshold.

• Subject to Sections 2(d) and 2(j), the Refining Entity shall pay the Logistics Entity an amount equal to the Base Throughput Fee multiplied by the Actual Shipments on the Pipelines.

More Definitions of Actual Shipments

Actual Shipments means volume of Product that is ultimately delivered to the Destination(s) for the account of Shipper.

Actual Shipments means volumes of Crude Petroleum that originate on the Pipeline at the Receipt Point and are transported on the Pipeline. All volumes shall be measured at the Receipt Point.

Actual Shipments means volumes of Crude Petroleum that originate and are physically Tendered at a Receipt Point during a month.

Actual Shipments means volumes of Crude Petroleum that are received into the Dakota Energy Connection Pipeline Project at the Origination Point. All volumes shall be measured at the Origination Point.

Actual Shipments means the volume of Crude Oil or Products that is delivered on the applicable Pipeline under this Agreement.

Actual Shipments means the aggregate volume of Crude Oil that the Refining Entity receives from the Pipelines.

Actual Shipments means the actual volume of Product tendered by SHIPPER and transported on the BP2 Pipeline System.