ODS requires no term contract and customer set up is effortless. We value the relationships with our customers, which is why we work with you from the time you nominate with us till the close of monthly business.
ODS provides scheduling, tracking, inventory management, buy/sells, production allocations, in-line transfers and documentation services of crude oil through pipeline systems, terminals, docks and other locations where oil is transported and traded within the United States.
With the close of monthly business, ODS will provide documentation of all movements and transactions where you do commerce. We will send you a detailed listing of your transactions organized by crude type and location. The invoice is sent out only when all of the applicable pipeline companies have balanced their systems and we have confirmation that all transactions have been accounted for.
For each barrel of crude oil that is tracked by ODS during any monthly period, the charges are as follows:
Any volume that a company is shipping in/out of a location where other customers are involved is charged $0.0020 per barrel.
Any volume that is transferred from one company to another at a location is charged $0.0055 per barrel.