Common use of Custody and Control Clause in Contracts

Custody and Control. (i) For Marine Vessel deliveries, Operator will have custody of Product from the time Product passes the flange connecting the delivery line of the delivering Marine Vessel until such time as the Product passes to Operator’s pipelines, Customer’s pipelines, third party pipelines, the Staging Facility or applicable tanks. (ii) For Marine Vessel loading, Operator will have custody of Product from the time Product passes from Operator’s pipelines, Customer’s pipelines, third party pipelines, the Staging Facility or applicable tanks until such time as the Product passes to the flange connecting the receiving line of the loading Marine Vessel. (iii) All Product in the Staging Facility shall remain in the custody of the Operator.