LACT Equipment definition

LACT Equipment means lease automatic custody transfer equipment.
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LACT Equipment means lease automatic custody transfer equipment located at each Receipt Point to the Gibson Pipelines which is used to measure the quantity and Quality of Crude Petroleum for transfer of custody of the Tendered Crude Petroleum from the owner or operator of the production facility to Gibson.
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LACT Equipment means lease automatic custody transfer equipment located at each Receipt Point to the Xxxxxx Pipelines which is used to measure the volume and Quality of Crude Petroleum for transfer of custody of the Tendered Crude Petroleum from the owner or operator of the production facility to Xxxxxx.
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Examples of LACT Equipment in a sentence

  • Shipper shall use commercially reasonable efforts to ensure that all weather access roads to LACT Equipment or other facilities are maintained.

  • The quantity of Crude Petroleum Tendered to a Receipt point may be determined by metering, tank gauging or weigh scales (“Measurement Equipment”, which shall also include LACT Equipment and any additional equipment associated with quantity or Quality determination).

  • Shipper hereby grants to Gibson the right to install and maintain pipelines, piping manifolds, LACT Equipment, pumping equipment, control equipment and power service facilities upon and across surface lands held by Shipper in connection with the Crude Petroleum Tendered for transportation hereunder.

  • Shipper shall provide and maintain all weather access roads to the LACT Equipment and Gibson shall be allowed full and free use of roads built and/or owned by Shipper when in Gibson’ opinion their use is required for access to and the operation or maintenance of the Gibson Facilities.

  • Gibson shall have the right to enter upon the premises and facilities of the Shipper at the Receipt Point and shall have unrestricted access to any and all tanks, storage receptacles, meters or other production or storage equipment or facilities for the purpose of inspection, measurement, testing, installing, operating or maintaining any equipment or facilities in connection with the Gibson Facilities or LACT Equipment.

  • Gibsons shall have the right to enter upon the premises and facilities of the Shipper at the Receipt Point and shall have unrestricted access to any and all tanks, storage receptacles, meters or other production or storage equipment or facilities for the purpose of inspection, measurement, testing, installing, operating or maintaining any equipment or facilities in connection with the Gibsons Facilities or LACT Equipment.

  • Shipper hereby grants to Gibsons the right to install and maintain pipelines, piping manifolds, LACT Equipment, pumping equipment, control equipment and power service facilities upon and across surface lands held by Shipper in connection with the Crude Petroleum Tendered for transportation hereunder.

  • Shipper shall provide and maintain all weather access roads to the LACT Equipment and Gibsons shall be allowed full and free use of roads built and/or owned by Shipper when in Gibsons’ opinion their use is required for access to and the operation or maintenance of the Gibsons Facilities.

  • TAN Volumetric Penalty = Gross Standard Volume * (TAN Specification Exceedance * 0.038) Temperature: MPMS Chapter 7 For receipts into the Gibson Pipelines the temperature of Tendered Crude Petroleum shall not be more than 38°C, unless Gibson has specified other location-specific limits in writing, and shall be of sufficient temperature to enable the Tendered Crude Petroleum to flow readily to Gibson’s LACT Equipment.

Related to LACT Equipment

  • Project Equipment means the items of machinery, equipment or other personal property used in connection with the construction and development of the Project pursuant to the provisions hereof, and all replacements thereof and substitutions therefor made pursuant to this Agreement.

  • Equipment is all “equipment” as defined in the Code with such additions to such term as may hereafter be made, and includes without limitation all machinery, fixtures, goods, vehicles (including motor vehicles and trailers), and any interest in any of the foregoing.

  • fall arrest equipment means equipment used to arrest a person in a fall, including personal equipment, a body harness, lanyards, deceleration devices, lifelines or similar equipment;