Common use of Quality and Quantity Clause in Contracts

Quality and Quantity. The quantity of Product handled hereunder shall be determined by meter, gauge or such other procedure as the Parties shall mutually agree. Measured volumes at recorded or observed temperatures and pressures will be converted to volumes at sixty (60) degrees Fahrenheit and atmospheric pressure in accordance with ASTM International D-1250 Petroleum Measurement Tables, or latest revisions thereof. All measurements shall be determined by Operator, but Owner or its authorized representatives may be present to witness any measurements. The volume of impurities in Product received and delivered by Operator will be measured by an electrical or mechanical device or by physical test, in accordance with the latest American Petroleum Institute Standards covering the measuring, sampling, and testing of Product.