Calculation of Volume Delivered Sample Clauses

The "Calculation of Volume Delivered" clause defines the method and criteria for determining the exact quantity of goods or services provided under a contract. Typically, this clause outlines the measurement techniques, timing, and responsible parties for verifying the delivered volume, such as using certified meters for fuel or conducting joint inspections for bulk materials. Its core practical function is to ensure both parties have a clear, agreed-upon process for quantifying deliveries, thereby minimizing disputes and ensuring accurate billing or fulfillment records.
Calculation of Volume Delivered. The volume, in cubic meters, of each LNG cargo loaded shall be calculated by using the following formula: