ALLOCATION OF SHORT Clause Samples

ALLOCATION OF SHORT. TERM USE-IT-OR-LOSE-IT CAPACITY CHAPTER 5 OBLIGATIONS AND LIMITS TO GRTGAZ OBLIGATIONS
ALLOCATION OF SHORT. TERM USE-IT-OR-LOSE-IT CAPACITY‌ At the points where Short-Term UIOLI capacity is likely to be offered under Sub-clause 2.2.3 of this Section B, an excess of Nominations in relation to the Initial Operational Capacity is considered a request for Short- Term UIOLI capacity between 2:00 p.m. (14:00.) on Day D-1 and 3:00 p.m. (15:00.) on Day-D. The Short-Term UIOLI capacity is allocated following each cycle and published exclusively via the IT system in the Operational Capacity Statement of the beneficiary Shipper in that case. The Short-Term UIOLI capacity is allocated by prioritising the requests of the shippers under their Rights, then the requests of the shippers excluding Rights. The Short-Term UIOLI capacity requested on Day D (“intra-day” or “within-day” request) is allocated to the Shipper who is the beneficiary in that case on a daily basis at the end of each cycle of Day D. Capacity shall be allocated proportionately to the hours remaining in Day D and is deemed to be definitively allocated at a rate of one twenty-fourth (1/24th) per elapsed hour of Day D. GRTgaz can without notice, at any time of the Day, interrupt the sale of the Short-Term UIOLI capacity at one or more Network Interconnection Points or Links. GRTgaz shall modify the Operational Capacity Statements by cancelling the Short-Term UIOLI capacity allocated for that Day accordingly. Clause 11 Price Supplement a t a Transport LNG Terminal Interface Point‌ For each Transport LNG Terminal Interface Point and for shippers having subscribed to a “continuous” service, for each Month during which the Daily Entry Capacity, annually allocated, at the said Transport LNG Terminal Interface Point, is different from zero on any Day, the difference, if positive, between: • the maximum value of the Daily Quantity Taken Off each Day of the relevant Month • and the maximum value of the Daily Entry Capacity at the Transport LNG Terminal Interface Point for each Day of the relevant Month shall constitute an Extra Monthly Allocation of Daily Entry Capacity at the relevant Transport LNG Terminal Interface Point. For each Extra Monthly Allocation of Daily Entry Capacity at a Transport LNG Terminal Interface Point, a Price Supplement shall be due by the Shipper, calculated as follows: CPASMCJE = PUACJE x ASMCJE x 1/12 Where: • CPASMCJE is the Price Supplement for Extra Monthly Allocation of Daily Entry Capacity at the relevant Transport LNG Terminal Interface Point, • PUACJE is the Annual Unit Price of the Dail...
ALLOCATION OF SHORT. TERM USE-IT-OR-LOSE-IT CAPACITY