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Hide Field Settings to the Transportation Services Agreement

Hide Field Settings to the Transportation Services Agreement

Aug 6th, 2022

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What is take-or-pay MVC?

MVCs, which are sometimes referred to as take-or-pay contracts, are agreements in which the customer ensures a minimum amount of throughput and the midstream operator receives a fixed fee per unit of hydrocarbon (i.e. barrel of oil).

What is a volume commitment?

Volume Commitment means the volume of Products that a Committed Shipper agreed to ship on Carriers System each day during the term of the Committed Shippers TSA, as specified in Exhibit A to the Committed Shippers TSA.

What is MVC in oil and gas?

Minimum volume commitment contracts (MVCs), often referred to as throughput agreements, are agreements under which a shipper or producera counterpartyundertakes to transport an agreed minimum volume of a commodity such as natural gas, NGL, or crude oil through a third-party operators assets, such as pipelines or

What is minimum volume commitments?

Minimum Volume Commitment means, pursuant to a gas gathering or similar agreement, a commitment of a third party to deliver specified minimum volumes of natural gas to the gathering systems of the Partnership.

What is the difference between a MSA and a SOW?

Difference between an SOW and a master services agreement (MSA) An SOW provides details surrounding a specific aspect of the relationship, like a project or service agreement, whereas an MSA defines the terms and conditions for the entire relationship.

What is an example of whereas clause?

The term whereas is used two ways. It is derived from Middle English and can mean on the contrary, as in the sentence, The orange juice can label said fresh squeezed, whereas the contents were made from orange juice concentrate.

What is a SOW and what is its importance what is its relationship to a contract?

A Statement of Work, often known as an SOW, is a business agreement that outlines deliverables and project goals. Its created to keep everyone on the same page about deadlines, scope of work, and project expectations. Creating an SOW helps clients and vendors to stay aligned and docHub their project goals together.

What is take-or-pay midstream contract?

Take or pay is a type of provision in a purchase contract that guarantees the seller a minimum portion of the agreed-on payment if the buyer does not follow through with actually buying the full amount of goods. Take-or-pay provisions can commonly be found in the energy sector, where overhead costs are high.

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