Point of Delivery definition
Examples of Point of Delivery in a sentence
The volume of gas delivered by the Customer to the Point of Acceptance on a Day (the “Gas Delivered for the Day”) shall be deemed to have been redelivered to the Terminal Location to the extent of the lesser of: (A) the Gas Delivered for the Day; and (B) the volume of gas delivered by the Company to the Point of Delivery on such Day (the “Gas Taken for the Day”), and title to that lesser amount of gas shall at all times remain in the Customer.
Upon accepting custody of the gas at the Point of Acceptance, the Company shall bear full and complete liability and responsibility for gas until it is delivered to the Point of Delivery.
For these purposes, if the Customer has a dedicated service, the Company may in its discretion deem the interconnection point between the dedicated distribution line and the Terminal Location to be the Point of Delivery.
The Customer will provide to the Company not less than 3 Business Days notice of the Day on which it will first take gas at the Terminal Location and, notwithstanding anything to the contrary in this Agreement, the Company will not be required to ensure that the Point of Delivery Pressure is available prior to that Day.
Possession - The Customer shall be deemed to be in control and possession of gas that is the subject matter of this Agreement (other than gas purchased from the Company) until it shall have been delivered to or for the account of the Company at the Point of Acceptance, after which the Company shall be deemed to be in control and possession of such gas until it is delivered to the Point of Delivery, after which the Customer shall be deemed to be in control and possession of such gas.