Base Daily Volume definition
Base Daily Volume means a notional average daily volume of barrels of oil equivalent received by the Portland Terminal, equal to 12,500.
Examples of Base Daily Volume in a sentence
For the Contract Year immediately following such notice from Refiner, but not for the remainder of the Term following such Contract Year, Supplier shall sell and deliver to Refiner at the Delivery Point, and Refiner shall buy and take delivery at the Delivery Point each Day the Incremental Daily Volume, in addition to the Base Daily Volume.