Examples of Cochin Pipeline in a sentence
Carrier shall, for each month, calculate an equalization adjustment to account for quality differences for Light Condensate tendered to the Cochin Pipeline by or on behalf of each Shipper.
To the extent Carrier deems it is unable, other than due to the direct negligence of Carrier, to transport product in its custody without impacting the operations and/or reliability of the Cochin Pipeline and associated facilities, Carrier will forecast, as soon as reasonably possible, an expected volume of Light Condensate that will be deemed lost, the estimated proportional allocation of the losses for each of the Shippers and the projected location of where the impacted volumes will be retained.
Carrier shall pay any negative equalization adjustments to Shippers tendering Light Condensate to the Cochin Pipeline and entitled thereto; provided that Carrier assumes no liability for payment of negative equalization adjustments unless Carrier receives payment of the positive equalization adjustments, and, if there is any shortfall, payments actually received by Carrier will be allocated on the basis of amounts owed.
Shipper acknowledges and agrees that Light Condensate delivered to the Cochin Pipeline by all Shippers will be commingled and that Carrier will not endeavor to deliver substantially the same type of Light Condensate as that received from Shipper.
If a Shipper or its designee fails to remove its Light Condensate from the Cochin Pipeline in accordance with paragraph (a) of this Rule 14, then Carrier shall have the right to remove and sell such Light Condensate in such lawful manner as deemed appropriate by Carrier.
Under no circumstances will Carrier be deemed to have acquired legal or beneficial ownership in any Light Condensate delivered to the Cochin Pipeline.
The provision of Retention Stock by the Shippers will provide assurance to the Shippers that properly nominated Light Condensate received into the Cochin Pipeline system at Kankakee and/or other receipt points will be delivered expeditiously to Fort Saskatchewan.
The surcharge shall be collected by Carrier and set-aside for the purpose of funding abandonment of the Cochin Pipeline.
Id. The remaining difference, he added, can be accounted for as a $90,000 payment from Cochin Pipeline Company (“Cochin”) which Bradley subtracted, and the $501,769 for expenses in one responsibility center where Bradley identified work performed for a subsidiary he excluded from the Massachusetts formula calculation.
Id. 65 Bradley stated that the subsidiaries that fall into this category are Heartland Pipeline Company, Coyote Gulch Gas Treating LLC, Red Cedar Gas Treating LLC, Thunder Creek Gas Services LLC, International Marine Terminal and Cochin Pipeline Company.