Common use of Volume Determinations Clause in Contracts

Volume Determinations. Volume determinations shall be adjusted to a temperature of 60° Fahrenheit and a pressure of one standard atmosphere 14.696 psia for liquids with equilibrium vapor pressure less than or equal to 14.696 psia and at the equilibrium vapor pressure for liquids with an equilibrium vapor pressure greater than to 14.696 psia pursuant to the most recent edition of the MPMS, Chapter 11 (according to whichever table is relevant to the Product being measured). Except as otherwise provided in the Schedule or the applicable Tariff, if any, the volume of Products received at the Origin Point and delivered at the Delivery Point will be determined using one of the following methods, in order of preference: (i) by calibrated custody transfer grade meter, or if a custody transfer grade meter is not available, by calibrated meter, if available, (ii) by manually gauging the static tanks at the Origin Point or the Delivery Point, (iii) by vessel gauges, or (iv) if none of the foregoing are available by applying inventory changes to receipts to calculate deliveries and vice versa.