Common use of ALLOCATION OF SHORT Clause in Contracts

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, an excess of Nominations versus the Initial Operational Capacity is considered as a request for Short-Term UIOLI capacity between two p.m. (2:00 p.m.) on Day D-1 and three p.m. (3:00 p.m.) on Day-D. The Short-Term UIOLI capacity is allocated following each cycle and published exclusively through 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 being beneficiary in that case on a daily basis at the end of each cycle of Day D. In the case of Network Interconnection Points,and Transport Storage Interface Points, capacity shall be allocated pro rata temporis to the hours remaining in Day D and are deemed to be definitively allocated at a rate of one twenty-fourth (1/24th) per elapsed hour of Day D. For Links, the Short-Term UIOLI capacity is definitively shall only be allocated at the end of Day D. GRTgaz can without notice, at any time in a particular 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 Transport LNG Termina l Interface Points‌ For each Transport LNG Terminal Interface Point, 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 one 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 Complementary Price for Extra Monthly Allocation of Daily Entry Capacity at the relevant Transport LNG Terminal Interface Point, • PUACJE is the Annual Unit Price of the Daily Entry Capacity at the relevant Transport LNG Terminal Interface Point, • ASMCJE is the value of the Extra Monthly Allocation of Daily Entry Capacity at the Transport LNG Terminal Interface Point. CHAPTER 5 OBLIGATIONS AND LIMITS TO GRTGAZ OBLIGATIONS Clause 12 GRTgaz obligations GRTgaz is committed to put at the Shipper’s disposal the subscribed capacities within the framework of the limits defined in this Chapter. Clause 13 Limits to offtake, transmission and delivery obligations ‌‌

Appears in 1 contract

Samples: www.grtgaz.com

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ALLOCATION OF SHORT. TERM USE-IT-OR-LOSE-IT CAPACITY CAPACITY‌ At the points where Short-Term UIOLI capacity is likely to be offered under Sub-clause 2.2.32.2.3 of this Section B, an excess of Nominations versus in relation to the Initial Operational Capacity is considered as a request for Short-Short- Term UIOLI capacity between two 2:00 p.m. (2:00 p.m.14:00.) on Day D-1 and three 3:00 p.m. (3:00 p.m.15:00.) on Day-D. The Short-Term UIOLI capacity is allocated following each cycle and published exclusively through 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 being who is the beneficiary in that case on a daily basis at the end of each cycle of Day D. In the case of Network Interconnection Points,and Transport Storage Interface Points, capacity Capacity shall be allocated pro rata temporis proportionately to the hours remaining in Day D and are is deemed to be definitively allocated at a rate of one twenty-fourth (1/24th) per elapsed hour of Day D. For Links, the Short-Term UIOLI capacity is definitively shall only be allocated at the end of Day D. GRTgaz can without notice, at any time in a particular 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 Termina l Terminal Interface Points‌ Point‌ For each Transport LNG Terminal Interface Point, 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 one on any Day, the difference, if positive, between: • the maximum value of the Daily Quantity Taken Off each Day of the relevant Month, Month • and the maximum value of the Daily Entry Capacity at the Transport LNG Terminal Interface Point for each Day of the relevant Month, 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 Complementary 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 Daily Entry Capacity at the relevant Transport LNG Terminal Interface Point, • ASMCJE is the value of the Extra Monthly Allocation of Daily Entry Capacity at the Transport LNG Terminal Interface Point. CHAPTER 5 OBLIGATIONS AND LIMITS TO GRTGAZ OBLIGATIONS Clause 12 GRTgaz obligations GRTgaz is committed to put at the Shipper’s disposal the subscribed capacities within the framework of the limits defined in this Chapter. Clause 13 Limits to offtake, transmission and delivery obligations ‌‌.

Appears in 1 contract

Samples: www.grtgaz.com

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, an excess of Nominations versus the Initial Operational Capacity is considered as a request for Short-Term UIOLI capacity between two p.m. (2:00 p.m.) on Day D-1 and three p.m. (3:00 p.m.) on Day-D. The Short-Term UIOLI capacity is allocated following each cycle and published exclusively through 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 being beneficiary in that case on a daily basis at the end of each cycle of Day D. In the case of Network Interconnection Points,Points and Transport Storage Interface Points, capacity shall be allocated pro rata temporis to the hours remaining in Day D and are deemed to be definitively allocated at a rate of one twenty-fourth (1/24th) per elapsed hour of Day D. For Links, the Short-Term UIOLI capacity is definitively shall only be allocated at the end of Day D. GRTgaz can without notice, at any time in a particular 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 Pric e Supplement a t Transport LNG Transpor t LN G Termina l Interface Points‌ Points For each Transport LNG Terminal Interface Point, 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 one 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 Complementary Price for Extra Monthly Allocation of Daily Entry Capacity at the relevant Transport LNG Terminal Interface Point, PUACJE is the Annual Unit Price of the Daily Entry Capacity at the relevant Transport LNG Terminal Interface Point, ASMCJE is the value of the Extra Monthly Allocation of Daily Entry Capacity at the Transport LNG Terminal Interface Point. CHAPTER 5 OBLIGATIONS AND LIMITS TO GRTGAZ OBLIGATIONS Clause 12 GRTgaz GRTga z obligations GRTgaz is committed to put at the Shipper’s disposal the subscribed capacities within the framework of the limits defined in this Chapter. Clause 13 Limits Limit s to offtakeofftake , transmission and an d delivery obligations ‌‌obligations

Appears in 1 contract

Samples: www.grtgaz.com

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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 2.2.32.2.3 of this Section B, an excess of Nominations versus in relation to the Initial Operational Capacity is considered as a request for Short-Short- Term UIOLI capacity between two 2:00 p.m. (2:00 p.m.14:00.) on Day D-1 and three 3:00 p.m. (3:00 p.m.15:00.) on Day-D. The Short-Term UIOLI capacity is allocated following each cycle and published exclusively through 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 being who is the beneficiary in that case on a daily basis at the end of each cycle of Day D. In the case of Network Interconnection Points,and Transport Storage Interface Points, capacity Capacity shall be allocated pro rata temporis proportionately to the hours remaining in Day D and are is deemed to be definitively allocated at a rate of one twenty-fourth (1/24th) per elapsed hour of Day D. For Links, the Short-Term UIOLI capacity is definitively shall only be allocated at the end of Day D. GRTgaz can without notice, at any time in a particular 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. accordingly.‌‌ Clause 11 Price Supplement a t Transport a Transpor t LNG Termina l Terminal Interface Points‌ Point‌ For each Transport LNG Terminal Interface Point, 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 one on any Day, the difference, if positive, between: • the maximum value of the Daily Quantity Taken Off each Day of the relevant Month, Month • and the maximum value of the Daily Entry Capacity at the Transport LNG Terminal Interface Point for each Day of the relevant Month, 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 Complementary 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 Daily Entry Capacity at the relevant Transport LNG Terminal Interface Point, • ASMCJE is the value of the Extra Monthly Allocation of Daily Entry Capacity at the Transport LNG Terminal Interface Point. CHAPTER 5 OBLIGATIONS AND LIMITS TO GRTGAZ OBLIGATIONS Clause 12 GRTgaz obligations GRTgaz is committed to put at the Shipper’s disposal the subscribed capacities within the framework of the limits defined in this Chapter. Clause 13 Limits to offtake, transmission and delivery obligations ‌‌.

Appears in 1 contract

Samples: www.grtgaz.com

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