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Terminalling means handling and storage of Raw Materials, Intermediates, and/or Finished Products.
Terminal Use Agreement means an agreement between Owner and a Customer pursuant to which Owner agrees to accept, store and regasify LNG delivered by a Customer to the Facility and deliver Natural Gas to the Customer.
Terminal Contracts means any Contract of any Target Company for the primary purpose of providing terminal, warehouse, storage, loading and unloading and other similar services at or relating to a terminal facility.
An agreement is a manifestation of mutual assent by two or more persons to one another. It is a meeting of the minds in a common intention, and is made through offer and acceptance. An agreement can be shown from words, conduct, and in some cases, even silence.
The Tank Storage Association is the trade association representing the interests of companies engaged in the storage of bulk liquids and the provision of products and services to the sector.
Definition. An agreement that is signed between a terminal operator and an oil company, which wants to store product at a terminal.