Quality Bank definition

Quality Bank means a system of calculations administered under the authority of the FERC that accounts for the differences in value between the individual tendered streams and the delivered co-mingled stream of TAPS.
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Examples of Quality Bank in a sentence

  • Grandfathered or Exempt from SWQ Permit” or “Storm Water Quality Bank”If a Storm Water Quality Management Plan, or permanent storm water quality feature, is not shown in the construction plans, then a Storm Water Quality Management Permit is not required prior to the start of construction because it is grandfathered, exempt, or has provided storm water quality measures through the Storm Water Quality Bank.

  • The Quality Bank is administered by the owners of TAPS and regulated by the FERC.

  • The Quality Bank Adjustment is a positive or negative number that reflects the value of different streams of crude oil that are shipped in TAPS.

  • For each Month, the weighted average gravity value for the Quality Bank will be determined by dividing the total number of Barrels of all Shippers’ Crude Petroleum received into the System into the sum of all Shippers’ gravity values for all receipt points.

  • For each Month, the weighted average sulfur value for the Quality Bank will be determined by dividing the total number of Barrels of all Shippers’ Crude Petroleum received into the System into the sum of all Shippers’ sulfur values for all receipt points.

  • If a Shipper shall have a net debit balance in combining the two adjustments made above (i.e. under the “Receipt Calculations” and the “Delivery Calculations”), the balance shall be remitted to the Quality Bank Administrator within fifteen (15) days from the receipt of statement of such debit.

  • If Shipper’s gravity value per Barrel is less than that determined for the Quality Bank that Month, then Shipper will be debited (pay the bank) an amount which shall be calculated by multiplying the differences in gravity value per Barrel by the total number of Barrels of Shipper’s Crude Petroleum received.

  • Non-isobaric mTRAQ [38] and more recently mTMT [39] technologies are available for such purposes, enriching the pool of chemical labelling methods [40].Fundamentally, chemical labelling presents an important advantage over metabolic labelling (e.g., SILAC) that is the accessibility to a wide range of samples.

  • If Shipper’s sulfur value per Barrel at is more than that determined for the Quality Bank that Month, then Shipper will be debited (pay the bank) an amount which shall be calculated by multiplying the differences in sulfur value per Barrel by the total number of Barrels of Shipper’s Crude Petroleum received.

  • If Shipper’s sulfur value per Barrel is less than that determined for the Quality Bank that Month, then Shipper will be credited (receive from the bank) an amount which shall be calculated by multiplying the differences in sulfur value per Barrel by the total number of Barrels of Shipper’s Crude Petroleum received.

Related to Quality Bank

  • Quality Plan means the quality plan to be produced by the Contractor in accordance with Schedule S2-10 (Quality Plan);

  • Quality Manager means the individual identified by the Design-Builder who is responsible for the overall Quality Control program and Quality Control activities of the Design-Builder, including the quality of management, design and construction. (also referred to as the “Quality Control Manager”).

  • Quality Agreement has the meaning set forth in Section 9.6.

  • health and safety specification means a site, activity or project specific document prepared by the client pertaining to all health and safety requirements related to construction work;

  • Product Specification means a product specification for a Medical Device set out in Schedule 2;

  • Quality Assurance Plan or “QAP” shall have the meaning set forth in Clause 11.2;

  • Product Specifications means the specifications, features and/or terms of any "Contract" (as defined in the LME Rules) listed for trading on the LME, as described in the LME Rules;

  • Quality Assurance Program means the overall quality program and associated activities including the Department’s Quality Assurance, Design-Builder Quality Control, the Contract’s quality requirements for design and construction to assure compliance with Department Specifications and procedures.

  • Quality system means documented organizational procedures and policies: internal audits of those policies and procedures: management review and recommendation for quality improvement.”

  • Manufacturing Services means the manufacturing, quality control, quality assurance, stability testing, packaging, and related services, set forth in this Agreement, required to manufacture Product or Products from Active Materials and Components;

  • Quality Assurance means a systematic procedure for assessing the effectiveness, efficiency, and appropriateness of services.

  • Contract Manufacturer means a company that produces goods under contract for another company under the label or brand name of that company.

  • cGMP means current Good Manufacturing Practice as set forth in the United States Federal Food, Drug, and Cosmetic Act, as amended, and includes all rules and regulations promulgated by the FDA thereunder.

  • API means American Petroleum Institute.

  • QA means quality assurance.

  • Diagnostic clinical procedures manual means a collection of written procedures that describes each method (and other instructions and precautions) by which the licensee performs diagnostic clinical procedures; where each diagnostic clinical procedure has been approved by the authorized user and includes the radiopharmaceutical, dosage, and route of administration.

  • Quality Management System means a set of interrelated or interacting elements that organisations use to direct and control how quality policies are implemented and quality objectives are achieved;

  • Manufacturer means the person or body who is responsible to the approval authority for all aspects of the type approval process and for ensuring conformity of production. It is not essential that the person or body is directly involved in all stage of the construction of the vehicle, system, component or separate technical unit which is the subject of the approval process.

  • cGMPs means current good manufacturing practices as described in Parts 210 and 211 of Title 21 of the United States’ Code of Federal Regulations, together with the latest FDA guidance documents pertaining to manufacturing and quality control practice, all as updated, amended and revised from time to time;

  • lb means pound.

  • Batch means a specific quantity of Product that is intended to have uniform character and quality, within specified limits, and is produced according to a single manufacturing order during the same cycle of manufacture.

  • GMP means the amount proposed by Contractor and accepted by Owner as the maximum cost to Owner for construction of the Project in accordance with this Agreement. The GMP includes Contractor’s Construction Phase Fee, the General Conditions Cost, the Cost of the Work, and Contractor’s Contingency amount.

  • Drug Substance means an active ingredient that is intended to furnish pharmacological activity or other direct effect in the diagnosis, cure, mitigation, treatment, or prevention of disease or to affect the structure or any function of the human body, but does not include intermediates used in the synthesis of such ingredient.

  • Participating manufacturer means that term as defined in the master settlement agreement.

  • Manufacturing operation means a process in which materials are changed, converted, or transformed into a different state or form from which they previously existed and includes refining materials, assembling parts, and preparing raw materials and parts by mixing, measuring, blending, or otherwise committing such materials or parts to the manufacturing process. "Manufacturing operation" does not include packaging.

  • Contract Specifications means the principal trading terms in CFD (for example Spread, Swaps, Lot Size, Initial Margin, Necessary Margin, Hedged Margin, the minimum level for placing Stop Loss, Take Profit and Limit Orders, financing charges, charges etc) for each type of CFD as determined by the Company from time to time.