What is equivalent volume
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Equivalent Volume means a volume of Shipper's Oil equal to (x) the volume of Shipper's Oil received by Gatherer at the Receipt Points, minus (y) Shipper's proportionate share of Lost Oil.
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please mark me as brainliest answer please
Brhtsh:
What’s shippers oil
And receipt points and shippers proportionate share of lost oil
Shipper's Oil means all Interests of Shipper in Crude Oil, including, without limitation, all Crude Oil that Shipper owns, controls, acquires or has the right to market within the Dedication Area.
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