Historical Shipper definition

Historical Shipper means a Term Shipper, or any Non-Term Shipper who has actually shipped Petroleum to the Delivery Point in question for any twelve (12) Months out of the last eighteen (18) Months, beginning nineteen months prior to the Month being allocated and excluding the Month preceding the Month of allocation.
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Historical Shipper means for a line segment a Shipper, other than a Committed Shipper, that had Actual Shipments on that line segment in nine months during the Base Period. No New Shipper will be able to obtain Historical Shipper status if doing so results in the proration of any Historical Shipper’s allocation to below that of the Minimum Tender Volume. If in any given month more New Shippers qualify to be Historical Shippers than will satisfy the foregoing condition, a queue will be established to determine which New Shippers will become Historical Shippers that month. The order of the queue will be based upon the number of months that each New Shipper has Tendered volumes, with those Tendering in the most months being at the top of the queue. If there are multiple New Shippers who have Tendered in the same number of months, then the relative rank of such Shippers will be based upon the volume each has Tendered during the Base period, with those Tendering greater volumes receiving a higher rank. In the event that there are multiple New Shippers who have Tendered in the same number of months and the same volume over the Base Period, a software generated random process will be used to further determine rank in the queue. A Historical Shipper ceases to be a Historical Shipper on a line segment if it has no Actual Shipments for four (4) or more months out of the Base Period. Thereafter, that Shipper will be treated as a New Shipper unless and until it meets Historical Shipper criteria. Subject to Items 70(e)(i) and 70(f), a Historical Shipper’s allocation will not be less than the Minimum Tender Volume.
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Historical Shipper means a Shipper that has shipped, or paid for the shipment of, Product on the System during the Representative Period.
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Examples of Historical Shipper in a sentence

  • If the circumstances described in Item 70(f) occur, Carrier may, by written designation, issued in Carrier's sole discretion, exclude such month from the Base Period under this Item 70 for purposes of determining the Average Monthly Volume Percentage of any Historical Shipper.

  • Each Historical Shipper shall be allocated an amount equal to one hundred (100) percent of its Average Monthly Volume Percentage multiplied by the Capacity Available to Historical Shippers, rounded to the nearest Barrel, for the line segment being prorated, with the total of all Historical Shippers’ allocations not exceeding ninety-five (95) percent of the total Available Capacity not allocated through the application of Items 70(b)(i), (ii) and (iii) for the line segment being prorated.

  • One or more Historical Shippers may combine their Average Monthly Volume Percentages through an acquisition, merger, consolidation, assignment or other corporate combination or series of transactions with one another, provided that only the surviving Historical Shipper may use the combined Average Monthly Volume Percentage.

  • Any party that is not a Historical Shipper (including a New Shipper) that acquires a Historical Shipper may retain that Historical Shipper’s Average Monthly Volume Percentage, but may not increase that Average Monthly Volume Percentage by virtue of such acquiring party’s own previous history.

  • If a Historical Shipper's Nomination for a month is less than its Average Monthly Volume Percentage, the Historical Shipper will be allocated only the amount of its Nomination.

  • If any Historical Shipper or New Shipper fails to Tender a volume of Crude Petroleum during the month equal to at least ninety percent (90%) of its Binding Nomination for that month, that Shipper will incur a Non-Performance Penalty.

  • If a Historical Shipper or New Shipper uses multiple Receipt Points to transport Crude Petroleum, the applicability of the Non-Performance Penalty will be assessed on an aggregate basis by comparing the Shipper’s Binding Nomination(s) to the sum of its Tenders at all Receipt Points.

  • Effective October 1, 2012, Affiliates of an existing Historical Shipper are not eligible to be New Shippers.

  • For added clarity, Entitlement Volume does not represent the volume of Available Capacity an individual Historical Shipper is entitled to for such Month being allocated; it is the numerator of the fraction used to calculated apportionment on a historical basis.

  • Yet it is implementing that policy by applying a retroactive historical period to establish Historical Shipper status, thus denying all shippers, both existing and prospective, an equal, nondiscriminatory opportunity to establish a pattern of historical shipments before the historical shipment based proration policy takes effect.


More Definitions of Historical Shipper

Historical Shipper means for a line segment a Shipper, other than a Committed Shipper, that had Actual Shipments on that line segment in nine months during the Base Period. No New Shipper will be able to obtain Historical Shipper status if doing so results in the proration of any Historical Shipper’s allocation to below that of
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Related to Historical Shipper

  • Total hydrocarbons (THC) means the sum of all volatile compounds measurable by a flame ionization detector (FID).

  • Historical data means any data collected by an ALPR system and stored on the statewide ALPR server operated by the Vermont Justice Information Sharing System of the Department of Public Safety. Any data collected by an ALPR system in accordance with this section shall be considered collected for a legitimate law enforcement purpose.

  • COGSA means the Carriage of Goods by Sea Act of the United States of America approved on 16th April 1936.

  • Operators means the Access Provider and the Access Seeker collectively.

  • Non-Methane Hydrocarbons (NMHC means the sum of all hydrocarbon air pollutants except methane.

  • Producers means all LBMs, MGAs, brokers, agents, general agents, COLI specialty brokers, broker-dealers, producers or other Persons who market or produce the Policies and who (a) have been appointed by the Company, and (b) are entitled to receive Commissions from the Company.

  • Ethanol means a high octane gasoline blend stock that is used to make various grades of gasoline.

  • economic operators means the manufacturer, the authorised representative, the importer and the distributor;

  • food business operator means the natural or legal persons responsible for ensuring that the requirements of food law are met within the food business under their control;

  • Historic resource means a publicly or privately owned historic building, structure, site, object, feature, or open space located within an historic district designated by the national register of historic places, the state register of historic sites, or a local unit acting under the local historic districts act, 1970 PA 169, MCL 399.201 to 399.215, or that is individually listed on the state register of historic sites or national register of historic places, and includes all of the following:

  • LNG means liquefied natural gas.

  • Bbl means a standard barrel containing 42 United States gallons.

  • Gas supplier means a person that is duly licensed pursuant to

  • Transient guest means a natural person staying less than 30 consecutive days.

  • Landfill Gas means any gas derived through any biological process from the decomposition of waste buried within a waste disposal site.

  • Refinery means a facility used to produce motor fuel from crude oil, unfinished oils, natural gas liquids, or other hydrocarbons and from which motor fuel may be removed by pipeline, by marine vessel, or at a rack.

  • Reasonable and Prudent Operator means a person seeking in good faith to perform its contractual obligations and, in the process of doing so and in the overall conduct of its whole undertaking exercising that degree of diligence, skill, prudence and foresight which can reasonably and ordinarily be expected from a skilled and experienced operator engaged in the same type of undertaking under the same or similar circumstances complying with all applicable Laws, and any reference to the standard of a Reasonable and Prudent Operator means such degree of diligence, skill, prudence and foresight as aforesaid.

  • Liquefied petroleum gas means a mixture of light hydrocarbons (predominantly propane, butane) that is gaseous under conditions of ambient temperature and pressure and that is maintained in a liquid state by an increase of pressure or lowering of temperature;

  • Petroleum Operations means, as the context may require, Exploration Operations, Development Operations or Production Operations or any combination of two or more of such operations, including construction, operation and maintenance of all necessary facilities, plugging and abandonment of Xxxxx, safety, environmental protection, transportation, storage, sale or disposition of Petroleum to the Delivery Point, Site Restoration and any or all other incidental operations or activities as may be necessary.