Examples of Crude Intake Point in a sentence
With respect to (i) all Crude Oil that DKTS intends to deliver to Citi at any Crude Intake Point and (ii) all Products to be delivered to DKTS at the Products Offtake Point, DKTS shall make all nominations and perform all scheduling functions with the relevant pipeline or terminal operators.
Title and risk of loss to Crude Oil shall pass from DKTS to Citi as Crude Oil passes the relevant Crude Intake Point.
Solely in its capacity as bailee, the Company shall have custody of (i) the Crude Oil from the time such Crude Oil passes the Crude Intake Point to the Storage Facilities until such time that the Crude Oil passes the Crude Delivery Point; and (ii) Products from the time such Product passes the Products Intake Point until such time that the Products pass the Products Delivery Point of the Refinery Storage Tanks or Company Included Locations, as the case may be.
For deliveries of Crude Oil not made via the SPM Delivery Point, title for each quantity of Crude Oil shall pass to Aron as the Crude Oil passes the Crude Intake Point.
For sales by Fuels or LW to Macquarie, they shall be on DDP (Incoterms 2010) basis at Current Month Pricing Benchmark(s), subject to the calculation of the monthly true-up amounts as provided for on Schedule C, and title and risk of loss for each quantity of Crude Oil shall pass to Macquarie as the Crude Oil passes the applicable Crude Intake Point free of Liens.
Title to and risk of loss of the Crude Oil shall pass from the Company to Aron at the Crude Intake Point.
Solely in its capacity as bailee, LW shall have custody of (i) the Crude Oil from the time such Crude Oil passes the Crude Intake Point until such time that the Crude Oil passes the Crude Delivery Point; and (ii) Products from the time such Product passes the Products Intake Point until such time that the Products pass the Products Delivery Point, as the case may be.