Common use of DESCRIPTION OF QUALIFIED PROPERTY Clause in Contracts

DESCRIPTION OF QUALIFIED PROPERTY. Below is a list of the major new equipment that will be considered Qualified Property: • Separators • Columns • Drums • Process Vessels • Auto thermal reformer • Methanol reactor • Steam drums • Motors • Exchangers • Preheaters • Heaters • Superheaters • Blowers and associated motors • Absorbers • Saturators • Boilers • Compressors • Pumps and associated motors • Filters • Flare • Scrubbers • Water Deaerators • Process Tanks • Electrical Switchgear and main electrical components • Electrical Substation • Transformers • Power Distribution Center • Instrumentation equipment • Control Equipment & Room • Loading and unloading equipment and road works Also included in this application are all of the associated concrete foundations, pipe supports, intra- plant piping, intra-plant conduit and connections, control loops, safety systems, fire water protection, insulation, pollution control equipment and utilities necessary to safely operate the new equipment.