Products Offtake Point definition
Examples of Products Offtake Point in a sentence
Title and risk of loss to Products shall pass from ▇▇▇▇ to the Company as Products pass at the Products Offtake Point.
With respect to (i) all Crude Oil that DKTS intends to deliver to Citi at any Crude Intake Point and (ii) all Products to be delivered to DKTS at the Products Offtake Point, DKTS shall make all nominations and perform all scheduling functions with the relevant pipeline or terminal operators.
Title and risk of loss to Products shall pass from ▇▇▇▇ (i) to the Company as Products pass at a Products Delivery Point or (ii) in the case of sales of Product by ▇▇▇▇ under the Marketing and Sales Agreement, to the Company or third parties (as the case may be) at a Products Offtake Point, including tank to tank transfer.
With respect to Products held in Included Locations, title and risk of loss to Products shall pass from Citi to DKTS as Products pass at the relevant Products Offtake Point; provided that title and risk of loss shall remain with Citi during Product transfers between Included Locations that occur on Included Product Pipelines.
With respect to Products held in Included Locations, title and risk of loss to Products shall pass from ▇▇▇▇ to the Company as Products pass at the Products Offtake Point, provided that title and risk of loss shall remain with ▇▇▇▇ during Product transfers between Included Locations at which Products are held.
Title and risk of loss to Products sold by ▇▇▇▇ to any Transaction Party under this Agreement shall pass from ▇▇▇▇ (a) to the applicable Transaction Party as Products pass at a Products Delivery Point at an Included Product Title Location or (b) in the case of sales of Product by ▇▇▇▇ under the Marketing and Sales Agreement, to any Transaction Party or third parties (as the case may be) at a Products Offtake Point, including tank to tank transfer.
Title and risk of loss to Products shall pass from Aron (i) to the Company as Products pass at a Products Delivery Point or (ii) in the case of sales of Product by Aron under the Marketing and Sales Agreement, to the Company or third parties (as the case may be) at a Products Offtake Point, including tank to tank transfer.
Title and risk of loss to Products shall pass from A▇▇▇ to the Company as Products pass at the Products Offtake Point.