tolling contract |
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Definition
Type of take-or-pay contract for conversion, processing or transportation (usually through a pipeline) of raw material or finished product. Used commonly in oil and gas industry, a tolling contract does not require the converter, processor, or transporter to purchase the input material or to sell the output product. See also throughput contract.
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tolling contract is in the Agreements & Contracts and Purchasing & Procurement subjects.
tolling contract appears in the definition of the following term: take or pay contract
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