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Out-turn
The quantity of oil unloaded from a vessel at its discharge point. Out-turn pricing allows the buyer to pay only for the oil measured into receiving tanks. The amount of oil loaded on the tanker becomes irrelevant.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Energy
- Category: Energy trade
- Company: Platts
- Product:
- Acronym-Abbreviation:
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