Tank bottoms definition

Tank bottoms means that accumulation of hydrocarbon material and other substances which settle naturally below crude oil in tanks and receptacles that are used in handling and storing of crude oil, and which accumulation contains basic sediment and water in an amount rendering it unsaleable to an ordinary crude oil purchaser; provided, that with respect to lease production and for lease storage tanks, a tank bottom shall be limited to that volume of the tank in which it is contained that lies below the bottom of the pipeline outlet thereto.

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Tank bottoms means the volume of Light Condensate required by Carrier, at locations where Carrier provides necessary operational tankage, to float tank roofs to working levels and to maintain that level.

Tank bottoms means the volume of Diluent required by Carrier, at locations where Carrier owns tankage, to float tank roofs to working levels and to maintain that level.

Examples of Tank bottoms in a sentence

Tank bottoms belonging to Shipper will be made available for removal by Shipper from the tank within 90 days after Shipper ceases making shipments, provided that the Carrier may, if possible, make physical delivery of the tank bottoms, arrange for a trade of like barrels to Shipper, or otherwise financially settle the inventory.
Tank bottoms and tank outboard side bulkheads shall have their plate stiffeners located in the double hull void spaces.
Tank bottoms and tank outboard side bulkheads have their plate stiffeners located in the double hull void spaces.
Tank bottoms will be excluded from the quantity of Customer’s Product blended for the calculation of the Blending Fee.
The Tank bottoms will be insulated with cellular glass block insulation which is a load bearing insulation designed to support the Tank and product weight.

More Definitions of Tank bottoms

Tank bottoms means the liquids and/or solids in that portion of a storage facility below the sales line or connection that are unsaleable to the crude oil first purchaser in its present form. Tank bottoms may consist of a combination of several elements including, but not limited to, oil, BS&W, and treating fluids.

Tank bottoms means the volume of Crude Petroleum required by the Carrier where the Carrier owns or leases tankage, to float tank roofs to working levels and to maintain that level.

Tank bottoms means the mixture of oil and BS&W (basic sediment and water) that collects or settles in the bottom portion of lease or other oil storage tanks. Tank bottoms may be called BS&W. Salt water from salt water storage tanks shall not be shown on load tickets as tank bottoms or BS&W unless it contains one percent (1%) or more oil content by volume. [See: 68 O.S. § 1013]

Tank bottoms means that accumulation of hydrocarbon material and other substances that settles naturally below oil in tanks and receptacles that are used in oil’s handling and storing, and which accumulation contains more than two percent of BS&W; provided, however, that with respect to lease production and for lease storage tanks, a tank bottom shall be limited to that volume of the tank in which it is contained that lies below the bottom of the pipeline outlet to the tank.

Tank bottoms means heavy fractions, sediment/solids and water commonly referred to as BS&W that regularly accumulate at the bottom of storage tanks.

Tank bottoms means, with respect to any tank in which a petroleum product is stored, any contents of such tank which does not meet the industry accepted specifications for marketable product of the type stored in such tank.

Tank bottoms is defined in Section 3.4(a) of this Agreement.