Oil Products definition

Oil Products means oil bunkering products and lubricants used in the maritime industry;
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Oil Products means Crude Oil, Middle Distillates, Fuel Oil, Crude Oil Options and Commodity and Oil Futures;
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Oil Products means any product that has a lubricant base of any of the following: petroleum and petroleum derivatives (including mineral oils), natural oils, animal fats and other derivatives, vegetable oils, or synthetic ester oils.
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Examples of Oil Products in a sentence

  • Frontier Oil and Refining Company Shell Oil Products US By /s/ ▇▇▇▇▇ ▇.

  • It shall rest in the sole discretion of the Lessee whether and in what manner it shall mine, remove, transport, and deliver Oil Products to a processing plant or refinery for physical, chemical or other treatment or shall treat the same in place.

  • The price received for the Oil Products sold in an "arms length transaction" shall be presumed to be "Market Value" unless rebutted by a preponderance of the evidence.

  • Lessor reserves to itself and its agents the right, at any time, to enter the Premises or any part of it, to inspect and survey the Premises, and to measure the quantity of Oil Products that may be in or on the Premises or that shall have been mined or removed from the Premises, without unnecessarily or unreasonably hindering or interrupting the work or operations of Lessee.

  • The mining of the Oil Products by Lessee shall be done in a manner as is usual and customary in mining operations of similar character.

  • Lessee shall have the right, at any time during the term hereof, to stockpile any Oil Products or other materials mined or produced from the Premises at such place or places as Lessee may elect, either upon the Premises or upon any other adjoining lands owned or controlled by Lessee, its successors and assigns.

  • The term "Processing Costs" means the expenses and costs actually incurred for separating, processing or other benefication of the Oil Products, including maintenance and repairs to equipment and depreciation.

  • Oil Products shall be deemed sold at the time the money is actually received by Lessee unless transferred by Lessee to an affiliate.

  • Lessee shall keep books of account, in accordance with generally accepted accounting principles, consistently applied, showing the amount of Oil Products shipped and sold, and the amount of money received from the sale of the Oil Products.

  • Lessee shall pay to Lessor a Production Royalty on Net Returns from the sale of Oil Products.


More Definitions of Oil Products

Oil Products means the low vapour pressure products of oil wells and products of a refinery tendered as gasoline, diesel fuel, aviation fuel, kerosene, stove oil, furnace fuel, or a mixture of such products or their components [low vapour pressure product is defined as a liquid with an absolute vapour pressure of 107 kilopascals or less at 38 degrees Celsius].
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Oil Products has the meaning ascribed thereto in Section 5.13(b);
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Related to Oil Products

  • Steel Products means products rolled, formed, shaped, drawn, extruded, forged, cast, fabricated or otherwise similarly processed, or processed by a combination of two or more or such operations, from steel made by the open heath, basic oxygen, electric furnace, Bessemer or other steel making process.

  • Hemp products means all products made from industrial hemp,

  • Tobacco products means cigars, cigarettes, cheroots, stogies, periques, granulated, plug cut, crimp cut, ready rubbed, and other smoking tobacco, snuff, snuff flour, moist snuff, cavendish, ping and twist tobacco, fine-cut and other chewing tobaccos, shorts, refuse scraps, clippings, cuttings and sweepings of tobacco, and other kinds and forms of tobacco, prepared in such manner as to be suitable for chewing or smoking in a pipe or otherwise, or both for chewing and smoking.

  • Aerosol Product means a pressurized spray system that dispenses product ingredients by means of a propellant contained in a product or a product's container, or by means of a mechanically induced force. “Aerosol Product” does not include “Pump Spray.”

  • Marijuana products means concentrated marijuana products and marijuana products that are comprised of marijuana and other ingredients and are intended for use or consumption, such as, but not limited to, edible products, ointments, and tinctures.