Examples of Light Condensate in a sentence
Carrier or its designee will sample and calculate monthly for each Shipper who shipped Light Condensate (i) a Shipper Receipt Equalization Amount (in accordance with Part I of Attachment 1) and (ii) a Shipper Delivery Point Equalization Amount (in accordance with Part II of Attachment 1).
Shipper or the designee of Shipper shall accept such Shipper's Light Condensate upon arrival at the designated Regular Delivery Point for such Light Condensate and shall remove Shipper's Light Condensate immediately upon delivery.
For the purposes of taxation, at no time will the Carrier or its designee be deemed to be the owner of Light Condensate.
The purpose of equalization is to compensate Shippers, via a monetary credit or debit, for the quality, and hence the value, of Light Condensate, (i) received into the Pipeline at the Receipt Point compared with the average quality of all Light Condensate received into the Pipeline within the same time period and (ii) delivered out of the Pipeline at a Delivery Point compared with the average quality of all Light Condensate delivered out of the Pipeline at all Delivery Points within the same time period.
According to KM Cochin, no concerns have been expressed by the future shippers of Light Condensate and concerns raised by the current propane shippers have been addressed and resolved.
KM Cochin proposes to operate the western portion of the Cochin Pipeline in westbound service from the international border at Elmore, Saskatchewan to Fort Saskatchewan, Alberta.Installation of drag reducing agent injection equipment at each of the 10 pump stations on the Cochin Pipeline in Canada would enable the transportation of approximately 60,000 bpd of Light Condensate in westbound service.
Cochin has demonstrated a demand for transportation of Light Condensate from the United States to Western Canada.
KM Cochin also stated that other transportation options are available for parties to bring Light Condensate to the Alberta market, such as the Enbridge Southern Lights pipeline or by rail.
KM Cochin responded to Ms. Elliott’s questions regarding transportation of Light Condensate, depth of cover, future building permits, and the30 meter zone.
As part of the Open Season, long-term volume commitments were offered to potential shippers of Light Condensate on the Cochin Pipeline.