Forties Blend Clause Samples

Forties Blend. The reference value of Forties Blend in US dollars/Tonne (wt) for a Month shall be calculated by adding together the quantities obtained by multiplying each lifting of Forties Blend (expressed in Barrels) during that Month by the prevailing term price (expressed in US dollars/Barrel) for Forties Blend applicable to the relevant lifting and then dividing the sum of each such quantities by the total quantity in Tonnes (wt) of Forties Blend lifted during such Month. For the purpose of this Paragraph 1.1.1, the prevailing term price shall be taken to be the average of the mid price of the daily quoted ranges for Forties Blend as published in the Platts Crude Oil Marketwire (Forties Blend being therein described as "Forties") during such Month.
Forties Blend. Mass (dry) in Tonnes, as derived from the Kerse of Kinneil approved meters.

Related to Forties Blend

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  • Interconnection Facilities Engineering Procurement and Construction Interconnection Facilities, Network Upgrades, and Distribution Upgrades shall be studied, designed, and constructed pursuant to Good Utility Practice. Such studies, design and construction shall be based on the assumed accuracy and completeness of all technical information received by the Participating TO and the CAISO from the Interconnection Customer associated with interconnecting the Large Generating Facility.

  • Cooperation on forestry matters and environmental protection 1. The aims of cooperation on forestry matters and environmental protection will be, but not limited to, as follows: (a) establishing bilateral cooperation relations in the forestry sector; (b) developing a training program and studies for sustainable management of forests; (c) improving the rehabilitation and sustainable management of forest with the aim of increasing carbon sinks and reduce the impact of climate change in the Asia-Pacific region; (d) cooperating on the execution of national projects, aimed at: improving the management of forest plantations for its transformation for industrial purposes and environmental protection; (e) elaborating studies on sustainable use of timber; (f) developing new technologies for the transformation and processing of timber and non-timber species; and (g) improving cooperation in agro-forestry technologies. 2. To achieve the objectives of the Article 149 (Objectives), the Parties may focus, as a means of cooperation and negotiations on concluding a bilateral agreement on forestry cooperation between the two Parties. Such collaboration will be as follows: (a) exchanges on science and technology as well as policies and laws relating the sustainable use of forest resources; (b) cooperation in training programs, internships, exchange of experts and projects advisory; (c) advice and technical assistance to public institutions and organizations of the Parties on sustainable use of forest resources and environmental protection; (d) facilitating forest policy dialogue and technical cooperation under the Network of Sustainable Forest Management and Forest Rehabilitation in Asia- Pacific Region, initiated at the 15th Asia Pacific Economic Cooperation (APEC) Meeting; (e) encouraging joint studies, working visits, exchange of experiences, among others; and (f) others activities mutually agreed.

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