Custody transfer meter definition

Custody transfer meter means a meter used to transfer oil or gas from the producer to transporter or purchaser.
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Custody transfer meter means a device or a set of devices which measures the quantity of natural gas (in terms of volume and energy) for transfer of custody from one entity to another;
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Custody transfer meter means the meter, auxiliary equipment and tertiary equipment a utility uses to measure a customer's gas usage.
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Examples of Custody transfer meter in a sentence

  • Recognised International Industry Standards, Recommended practices and codes relating to Fiscal / Custody transfer meter design, operation, calibration and maintenance are listed in this section.


More Definitions of Custody transfer meter

Custody transfer meter means a device or a set of devices which measures the quantity of petroleum and petroleum products for transfer of custody from one entity to another;
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Custody transfer meter means a device which measures the quantity of a dangerous substance upon transfer of the dangerous substance from one storage area to another;
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Custody transfer meter means a gas measurement facility meeting the requirements of Subdivision 4 of Part 19 of the National Gas Rules Day means a period of 24 consecutive hours beginning at 8:00 am Australian Eastern Standard Time.
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Custody transfer meter means a measurement instrument which furnishes quantity and quality information which can be used as a basis for a change in ownership or a change in responsibility for crude oil.
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Custody transfer meter means a metering site which monitors the volume of gas which is conveyed to a customer for, among other things, system operations and contract compliance and not necessarily for billing purposes
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Custody transfer meter means the flow meter(s) procured, installed, maintained, and operated by Seller at its Off-take Point(s), and jointly calibrated by the Seller and Buyer to measure quantity of the supply Gas.
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Related to Custody transfer meter

  • Delivery sale means any sale of a vapor product to a

  • Capacity Transfer Right means a right, allocated to LSEs serving load in a Locational Deliverability Area, to receive payments, based on the transmission import capability into such Locational Deliverability Area, that offset, in whole or in part, the charges attributable to the Locational Price Adder, if any, included in the Zonal Capacity Price calculated for a Locational Delivery Area.

  • Transfer student A student who enters a participating college or university after earning college-level credit at another college or university.

  • Type III transfer means that term as defined under Section 3(c) of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.103.

  • Manufactured dwelling park means a place where four or more manufactured dwellings

  • Transfer Point means any point at which the passenger transfers between aircraft.