Measurement of Quantity. The volume will be calculated as Net Standard Volume (NSV) and it shall be construed as the total volume of all the petroleum liquids, excluding sediment and water (BSW) art a standard temperature of 60º F. The measurement can be made with static or dynamic measurement, applying the methods described in the MMH.
Appears in 2 contracts
Sources: Agreement for the Sale and Purchase of Commodities (Crude Oil) (Gran Tierra Energy Inc.), Agreement for the Sale and Purchase of Commodities (Crude Oil) (Gran Tierra Energy Inc.)
Measurement of Quantity. The volume Volume will be calculated settled as Net Standard Volume (NSV) and it shall be construed as understood to be the total volume of all the petroleum liquids, excluding sediment and water (BSW) art at a standard temperature of 60º 60° F. The measurement metering can be made performed with dynamic or static or dynamic measurementmetering, applying using the methods described in the MMH.. The volume, over which the crude delivered by SELLER at the input flange at the Tumaco Plant will be the volume that results from application of the volumetric compensation and sent by CENIT TRANSPORTE Y
Appears in 2 contracts
Sources: Agreement for the Purchase of Commodities (Crude Oil) (Gran Tierra Energy Inc.), Agreement for the Purchase of Commodities (Crude Oil) (Gran Tierra Energy Inc.)
Measurement of Quantity. The volume will be calculated settled as Net Standard Volume (NSV) and it shall be construed as understood to be the total volume of all the petroleum liquids, excluding sediment and water (BSW) art at a standard temperature of sixty degrees Fahrenheit (60º F. F). The measurement metering can be made performed with dynamic or static or dynamic measurementmetering, applying using the methods described in the MMH.
Appears in 2 contracts
Sources: Agreement for the Purchase of Commodities (Crude Oil) (Gran Tierra Energy Inc.), Agreement for the Purchase of Commodities (Crude Oil) (Gran Tierra Energy Inc.)