Oil Pipeline Uniform Accounting Regulations (C.R.C., c. 1058)

Text Pertaining to Operating Revenue Accounts

General

• 1 The total of the balances in the operating revenue accounts shall equal the balance in account 401 (Operating Revenue).

• 2 The following account text instructions are given in detail only for the accounts in the gathering lines group.

Gathering Lines

• 501 Transportation Revenue

  This account shall include revenue from the transportation of oil and oil products.

• 502 Storage and Demurrage Revenue

  This account shall include revenue obtained from the storage of oil on the basis of tariff charges and demurrage charges incident to the failure of consignees to receive shipments promptly.

• 503 Rent Revenue

  This account shall include rent revenues from the use by others of assets included in account 30 (Transportation Plant) and in account 38 (Transportation Plant Leased to Others).

• 504 Miscellaneous Operating Revenue

  This account shall include miscellaneous operating revenue not provided for in other accounts under the Regulations.

• 505 Allowance Oil Revenue

  This account shall include revenue earned as a result of the company’s tariff relating to oil allowances covering loss due to shrinkage and other causes: (See Regulations, section 81).

• 506 Receiving and Delivery Revenue

  This account shall include revenue earned on the basis of tariff charges for receiving, delivering, unloading and loading at the company’s receiving and delivery facilities.

Trunk Lines

• 551 Transportation Revenue

  For the text of this account, see account 501.

• 552 Storage and Demurrage Revenue

  For the text of this account, see account 502.

• 553 Rent Revenue

  For the text of this account, see account 503.

• 554 Miscellaneous Operating Revenue

  For the text of this account, see account 504.

• 555 Allowance Oil Revenue

  For the text of this account, see account 505.

• 556 Receiving and Delivery Revenue

  For the text of this account, see account 506.