VC Shipper definition

VC Shipper means a Committed Shipper that has committed to ship, or make a Deficiency Payment for, a certain daily volume of Barrels of Crude Petroleum on Carrier’s System during the term of the TGSA.
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VC Shipper means a Shipper with which Carrier has executed a Transportation Services Agreement that includes a term of at least ten (10) Years and a Volume Commitment of at least 150,000 BPD.
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VC Shipper means a Committed Shipper that has made a Volume Commitment.
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Examples of VC Shipper in a sentence

  • In the event Carrier refuses to accept Barrels of Crude Petroleum Tendered by a VC Shipper for transportation under this tariff or a TGSA because such Shipper has been (i) in violation of this tariff, or (ii) in material breach of a TGSA at the time the Barrels are Tendered to Carrier, then no reduction shall be made to a Deficiency Payment if, as a result of such refusal, such VC Shipper fails to ship its Monthly Volume Commitment for such month.

  • The terms of a TSA shall govern the rights of a VC Shipper and Carrier with respect to the payment or nonpayment of Deficiency Payments and/or other charges set forth in a TSA.

  • Any remaining System Capacity not allocated through the application of Items 18(A), (B), and (C) above shall be allocated first, pro rata, among all Priority Shippers having remaining unmet Nominations according to the level of its Deemed Volume Commitment in the case of an AcreageDedication and its Volume Commitment in the case of a VC Shipper.

  • In the event Carrier refuses to accept Barrels of Crude Petroleum Tendered by a VC Shipper for transportation under this tariff or a TGSA because such Shipper has been (i) inviolation of this tariff, or (ii) in material breach of a TGSA at the time the Barrels are Tendered to Carrier, then no reduction shall be made to a Deficiency Payment if, as a result of such refusal, such VC Shipper fails to ship its Monthly Volume Commitment for such month.

  • Any remaining System Capacity not allocated through the application of Items 18(A), (B), and (C) above shall be allocated first, pro rata, among all Priority Shippers having remaining unmet Nominations according to the level of its Deemed Volume Commitment, in the case of an Acreage Dedication Shipper and a Plant Dedication Shipper, and its Volume Commitment, in the case of a VC Shipper.

  • In order to qualify for the 5 Year Term Committed Rate, a VC Shipper must have entered into a GSA with Carrier, with such GSA having a minimum term of 5 years following the In-Service Date.

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  • In the event Carrier refuses to accept Barrels of Crude Oil Nominated or Tendered by a VC Shipper fortransportation under this tariff or a GSA because such Shipper has been (i) in violation of this tariff, or (ii) in material breach of a GSA at the time the Barrels are Nominated or Tendered to Carrier, then no reduction shall be made to a Deficiency Payment if, as a result of such refusal, such VC Shipper fails to ship its Monthly Volume Commitment for such month.

  • In the eventCarrier refuses to accept Barrels of Crude Oil Nominated or Tendered by a VC Shipper for transportation under this tariff or a GSA because such Shipper has been (i) in violation of this tariff, or (ii) in material breach of a GSA at the time the Barrels are Nominated or Tendered to Carrier, then no reduction shall be made to a Deficiency Payment if, as a result of such refusal, such VC Shipper fails to ship its Monthly Volume Commitment for such month.


More Definitions of VC Shipper

VC Shipper means a Committed Shipper that has committed to ship a certain daily volume of Barrels of Crude Petroleum on Carrier’s System during the term of a COGA.
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VC Shipper means a Committed Shipper that has committed to ship, or make a Deficiency
Sample 1Sample 2Sample 3

Related to VC Shipper

  • Shipper means the party who contracts with Carrier for the transportation of Crude Petroleum under the terms of this tariff.

  • Operator means the operator of an internet website, online service, online application, or mobile application with actual knowledge that the site, service, or application is used for K–12 school purposes. Any entity that operates an internet website, online service, online application, or mobile application that has entered into a signed, written agreement with an LEA to provide a service to that LEA shall be considered an “operator” for the purposes of this section.

  • Charterer means a person, firm, corporation, association, partnership, or other legal entity who contracts for the transportation of passengers and baggage, or goods and/or property from a specified origin to a specified destination, for a particular itinerary, agreed upon in advance.

  • Producer means any broker, insurance producer, agent, general agent, managing general agent, master broker agency, broker general agency, financial specialist or other Person, including any employee of the Ceding Company or its Affiliates, responsible for writing, marketing, producing, selling or soliciting Reinsured Contracts.

  • Committed Shipper means a Shipper that has contracted for transporting a Committed Volume or otherwise paying the applicable Shortfall Payment, pursuant to the terms of a TSA executed by the Shipper during the open commitment periods that commenced on October 3, 2011, January 4, 2012, and December 21, 2018.

  • Operators means the Access Provider and the Access Seeker collectively.

  • Ship means a vessel of any type whatsoever operating in the marine environment and includes hydrofoil boats, air-cushion vehicles, submersibles, floating craft and fixed or floating platforms.