Shrinkage Portion Clause Samples

The Shrinkage Portion clause defines the allowable percentage or amount of product loss, waste, or reduction that is considered acceptable during manufacturing, storage, or delivery processes. In practice, this clause sets a threshold for how much material can be lost due to factors like evaporation, spillage, or handling, and typically applies to goods that are prone to such losses, such as bulk commodities or perishable items. Its core function is to allocate risk and clarify expectations between parties by specifying what level of shrinkage will not be considered a breach of contract or grounds for dispute.
Shrinkage Portion. The vapor volume equivalent of each liquid component of the Raw Make shall be determined by multiplying the liquid volume of such component by the applicable vapor equivalent factor set forth in the schedule below. The total shrinkage portion of the Plant Volume Reduction will be equal to the sum of all such conversion computations made for each component of the Raw Make. Until revised by Plant Owners and Gas Transporters, the vapor equivalent factors set forth in the schedule below shall be used for all such conversion calculations: COMPONENTS FACTOR (CF/GAL) FACTOR (MMBTU/GAL) Carbon Dioxide 57.8528 0.000000 Methane 57.8431 0.059729 Ethane 36.6672 0.066338 Propane 35.5942 0.091563 Iso-Butane 29.9662 0.099629 N-Butane 31.1047 0.103740 Iso-Pentane 26.8137 0.109679 N-Pentane 27.0524 0.110869 Hexane 23.8466 0.115952 Heptanes Plus* Taken from Gas Processors Association (“GPA”) Publication 2145-09. Vapor Equivalent factors are in cubic feet per gallon on the Ideal Gas Basis corrected from 14.696 psia to 15.025 psia. Such factors shall be modified from time to time to conform with any amendment or revision of the above table adopted by the GPA. Heat Equivalent factors are in MMBTU per Gallon. Such factors shall be modified from time to time to conform with any amendment or revision of the above table adopted by the GPA. The Gas/liquid ratio for heptanes plus shall be determined from time to time as may be necessary to be representative of such components. The total shrinkage portion of the Plant Volume Reduction will be determined from measurement by positive displacement liquid meter and monthly composite sampling and analysis of the Raw Make.
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Shrinkage Portion. The vapor volume equivalent of each liquid component of the Raw Make shall be determined by multiplying the liquid volume of such component by the applicable vapor equivalent factor set forth in the schedule below to derive the Shrinkage Portion. The total Shrinkage Portion of the Plant Volume Reduction will be equal to the sum of all such conversion computations made for each component of the Raw Make. Until revised by Plant Owners and Southern, the vapor equivalent factors set forth in the schedule below shall be used for all such conversion calculations taken from Gas Processors Association (“GPA”) Publication 2145-09: VAPOR EQUIVALENT HEAT EQUIVALENT COMPONENTS FACTOR (CF/GAL) FACTOR (MMBTU/GAL) Carbon Dioxide 57.8528 0.000000 Methane 57.8431 0.059729 Ethane 36.6672 0.066338 Propane 35.5942 0.091563 Iso-Butane 29.9662 0.099629 N-Butane 31.1047 0.103740 Iso-Pentane 26.8137 0.109679 N-Pentane 27.0524 0.110869 Hexane 23.8466 0.115952 Heptanes Plus* * The gas/liquid ratio for heptanes plus shall be determined from time to time as may be necessary to be representative of such components. 7.2.1.1 Vapor Equivalent factors are in cubic feet per gallon on the Ideal Gas Basis corrected from 14.696 psia to 15.025 psia. Such factors shall be modified from time to time to conform with any amendment or revision of the above table adopted by the GPA. Heat Equivalent factors are in MMBTU per Gallon. Such factors shall be modified from time to time to conform with any amendment or revision of the above table adopted by the GPA. 7.2.1.2 The total shrinkage portion of the Plant Volume Reduction will be determined from measurement by positive displacement liquid meter and monthly composite sampling and analysis of the Raw Make.
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