Working Stock definition

Working Stock means the volume of Crude Petroleum required by the Carrier, at initiating locations where the Carrier owns tankage, to float tank roofs to working levels and to maintain that level and for terminal piping.

Working Stock means the volume of Light Condensate required by Carrier as linefill for its pipeline, pump stations and terminals for operational and scheduling purposes, as specified from time to time by Carrier.

Working Stock means the volume of Petroleum required to be held by Carrier within the Pipeline System for operational and scheduling purposes as determined by and specified from time to time by Carrier.

Examples of Working Stock in a sentence

• The Shipper shall supply its proportionate share of Working Stock and Line Fill by types and volumes as determined from time to time by the Carrier.

• Batches in Transit: Remaining Physical Inventory after removing Working Stock and Linefill.

• The successor Shipper shall be responsible for the payment of all charges including, without limitation, equalization adjustments, shrinkage of volumes, Diluent allocation, corrections, adjustments and deductions, provision of Working Stock, indemnities and other obligations in respect of the Crude Petroleum subsequent to the transfer.

• Physical Inventory: Physical volumes within the Mainline System that are assigned to a Shipper, normally comprising of Working Stock and Line Fill and Batches in Transit.

• Working Stock and Linefill: As defined in Carrier’s Petroleum Tariff: Rules and Regulations, typically pertains to volume associated with tank bottoms, tank lines and station piping that are necessary to operate the pipeline.

More Definitions of Working Stock

Working Stock means the volume of Crude Petroleum required by Carrier for the efficient operation of the Pipeline.

Working Stock means the volume of Crude Petroleum required by the Carrier as linefill for operational and scheduling purposes as specified from time to time by the Carrier.

Working Stock means the volume and grade of product required by Carrier for pipeline line fill and, at an Origin Point, locations along the Pipeline, or at the Destination Point where Carrier owns tankage, to float tank roofs to working levels and to maintain such levels and for terminal piping.

Working Stock means the volume of Petroleum required by the Carrier for operational and scheduling purposes as specified from time to time by the Carrier.

Working Stock means the volume of Petroleum required by Carrier for efficient operations and scheduling purposes as specified from time to time by Carrier, subject to relevant provisions of any TSAs, and includes line fill and tank bottoms.

Working Stock means the volume of petroleum required by the Carrier at initiating locations and as linefill for operational and scheduling purposes as specified from time to time by the Carrier.

Working Stock means the volume of Crude Oil required by Carrier for operational and scheduling purposes as determined and specified by Carrier from time to time.