Fungible Batch definition

Fungible Batch means a batch of petroleum product meeting Carrier's specifications as set forth in the Shippers Manual, which may be commingled with other batches of petroleum product meeting the same specifications.

Fungible Batch means a batch of petroleum product meeting Carrier's specifications, which may be commingled with other batches of petroleum product meeting the same specifications.

Fungible Batch means a Batch of Product meeting the applicable Quality Specifications that Carrier may commingle with other Batches of Product of the same grade and that meet the Quality Specifications set forth herein for such grade of Product.

Examples of Fungible Batch in a sentence

• A "Fungible Batch" is a quantity of petroleum product meeting carrier's established specification which may be commingled with other quantities of petroleum product meeting the same specification.

• Shippers shall also be responsible for the payment of any duties, taxes or other amounts that may be levied by a third-party regulatory agency on the Diluent transported on the Carrier’s system.(f) If Petroleum Products are nominated using a Magellan Pipe Line product code and Shipper subsequently redirects such nomination to a non-Magellan destination, then such Petroleum Products will be transported in accordance with this tariff, as a Fungible Batch or a Segregated Batch, at the discretion of Carrier.

• A "Fungible Batch" is a quantity of one Commodity which meets Carrier's established specifications and may be commingled with other Batches of Commodities meeting the same specifications for pipeline movement.

• A "Fungible Batch" is a quantity of one Commodity which meets Carrier's established specifications and may be commingled with other Batches of Commodities meeting the same specifications for pipeline movement.Carrier .........................

• Carrier is not obligated to deliver to Shipper the identical Product Nominated and Tendered by Shipper; Carrier will deliver to Shipper Product from the applicable Fungible Batch of Product transported on Carrier’s System.

More Definitions of Fungible Batch

Fungible Batch means a Batch of Product meeting Carrier’s Quality Specifications, which Carrier may commingle with other Batches of Product meeting the same Quality Specifications.

Fungible Batch means a Batch of Crude Petroleum meeting Carrier’s quality specifications set forth in Item 15, which Carrier may commingle with other Batches of Crude Petroleum meeting the same specifications pursuant to Paragraph B(i) of Item 30.

Fungible Batch means a Batch of Crude Petroleum meeting Carrier’s quality specifications set forth in Item 20, that Carrier may commingle with other Batches of Crude Petroleum meeting the same specifications pursuant to Item 20.

Fungible Batch means a Batch of Crude Petroleum meeting Carrier’s quality specifications set forth in Rule 23, that Carrier may commingle with other Batches of Crude Petroleum meeting the same specifications pursuant to Rule 23.

Fungible Batch means a Batch of Crude Petroleum meeting Pipeline Operator’s quality specifications set forth in Rule 26, that Pipeline Operator may commingle with other Batches of Crude Petroleum meeting the same specifications pursuant to Rule 26.

Fungible Batch means a batch of petroleum product meeting a carrier’s established specifications, which may be commingled with other quantities of petroleum product meeting the same specification.

Fungible Batch means a batch of petroleum product meeting Carrier's specifications, w hich may be commingled w ith other batches of petroleum product meeting the same specifications.