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

  • Any such reduction shall not relieve any VC Shipper of its obligation to pay Deficiency Payments pursuant to Item 15(B) and the VC Shipper’s TGSA.

  • 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.

  • A VC Shipper shall be subject to the applicable Uncommitted Rate for any volumes shipped on the System during a month that are in excess of such VC Shipper’s Monthly Volume Commitment.

  • For clarity, any reduction to a VC Shipper’s allocation of capacity shall not relieve the VC Shipper of its obligation to pay Deficiency Payments to Carrier unless otherwise indicated in the VC Shipper’s TSA.

  • 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.

  • A VC Shipper shall be subject to the applicable Committed Rate for any volumes shipped on the System during a month up to the VC Shipper’s Monthly Volume Commitment.

  • 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.

  • As Figure 7 shows, most of the area is actually at about the same diversity level as the region.

  • If a Dedicated Acreage Shipper Nominates volumes in excess of its Deemed Volume Commitment or a VC Shipper Nominates volumes in excess of its Monthly Volume Commitment, then the excess incremental volumes shall be subject to prorationing under Item 18(C) below.

  • Also, this strategy is strongly and directly related to communication since the more communication is within the CFT, the more knowledge sharing is also present which causes that members can develop other skills and create a positive work environment.Finally, leadership needs to be considered as the third strategy.


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
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Related to VC Shipper

  • New Shipper means a Shipper that is not a Regular Shipper.

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

  • Transporter means a person engaged in the off-site transportation of hazardous waste by air, rail, highway, or water.

  • 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.

  • LNG means liquefied natural gas.

  • Terminal operator means a person who owns, operates, or otherwise controls a terminal.

  • 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 Novation Subject Contracts.

  • Vessel means the vessel/craft belonging to the Contractor for carrying out the work.

  • 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.

  • Uncommitted Shipper means a Shipper that is not a Committed Shipper.

  • 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.