Inventory Owner definition

Inventory Owner means and refers to the party, either Shipper or Consignee, holding title to Petroleum Product(s) in Carrier's facilities.

Inventory Owner means the party, either Shipper or Consignee, holding title to Propane in Carrier’s system.

Inventory Owner means and refers to the party, either Shipper or Consignee, holding title to product(s) in Carrier's terminal.

Examples of Inventory Owner in a sentence

• An Inventory Owner's maximum inventory balance will be controlled using an allocation method, elected by the Inventory Owner, which will be based on the moving average of the Inventory Owner's daily rack deliveries for each Petroleum Product covering either fourteen (14), twenty-one (21) or twenty- eight (28) days.

• The planning process should include a process to inform the Inventory Owner of the new asset and provide the required asset attribute information.

• In order for the Inventory Owner to immediately withdraw its inventory of Open Stock Petroleum Products, the Inventory Owner must maintain a minimum inventory balance, herein referred to as a Minimum Allocation.

• In connection with each banner advertisement sold, the Inventory Owner shall provide the Selling Party on a monthly basis with a report setting forth the number of impressions delivered of such banner advertisement.

• The asset owner/assignee informs the Inventory Owner who updates the inventory.

• Additionally, any volumes that Participating Shipper ships and delivers, as Inventory Owner, from the Incentive Origin to Carrier’s Odessa, TX destination or any future Carrier Midland, TX destination (each an alternate delivery point) which Participating Shipper paid a non- incentive tariff rate will count toward the annual Volume Commitment during the Contract Year.

• Ministries are responsible for establishing processes to ensure that when an IT or information asset is deployed, assigned to a user/owner, or commissioned into service, that the Inventory Owner is informed and that the inventory record is updated to reflect the change in asset status, ownership/assignment, location, etc.

• The Inventory Owner updates the inventory to reflect the asset’s status asdecommissioned/out of service.

• Planning ensures that an Inventory Owner has been identified or assigned and that an inventory exists or will be created to manage the requested asset.

• At both ends of the retaining wall, anchor blocks, 1-foot-wide by 9-feet-4-inches long, would be constructed to provide connections for Midwest Guardrail System (MGS) guardrail end treatments.

More Definitions of Inventory Owner

Inventory Owner means and refers to the party, either Shipper or Consignee, holding title to Petroleum

Inventory Owner means and refers to the party, either Shipper or Consignee, holding title to Petroleum Feedstocks in Carrier's pipeline.

Inventory Owner means and refers to the party, either Shipper or Consignee, holding title to product(s) in Carrier's terminal. "Minimum Allocation" means the minimum level of Open Stock Petroleum Product inventory required in order for an Inventory Owner to maintain active withdrawal privileges at Carrier's terminal facilities. "Open Stock Petroleum Product" means the commodity grades of Petroleum Products, as defined by Item 20, that the Carrier transports under Open Stock Status. "Open Stock Status" means that a Shipper may withdraw at a Carrier Destination the same quantity of the Petroleum Product which Carrier is receiving at a Carrier Origin from Shipper on the same day if both Shipper's and Carrier's inventories are sufficient as stated in Item 75. "Origin" means the facility of Carrier at which Carrier receives Petroleum Products into Carrier's pipeline. "Origin Release" means the written commitment of a Consignor to schedule a batch of Petroleum Products into Carrier's facilities. "Petroleum Products" means the commodities more specifically defined in Item 20 and meeting the specifications referenced in Item 25. "Shipment Request" represents a commitment by an established Shipper to receive Petroleum Product from an Origin point into the Carrier's system. "Shipper" means the party who contracts with the Carrier for transportation and/or terminaling of Petroleum Products pursuant to the terms of this tariff. "Tender" means an offer by a Shipper to a Carrier of a stated quantity of Petroleum Products from a specified Origin or Origins to a specified Destination or Destinations pursuant to the terms of this tariff. "Transit Time" means the time a shipment would take to move from Origin to Destination.