MARKETING OF FIRM AND INTERRUPTIBLE Sample Clauses

MARKETING OF FIRM AND INTERRUPTIBLE. CAPACITY WITH A LONG NOTICE PERIOD‌ Requests for multi-annual “Bands” of two (2) or three (3) years with a long notice period are allocated on the following basis: A. OSP for the sale of Firm Capacity bands for a period of two (2) or three (3) years: o Available Firm Capacity with a long notice period is divided into two (2) equal portions, marketed respectively over a period of three (3) years and over a period of two (2) years. GRTgaz initiates an OSP for Firm Capacity subscriptions in the form of multi-annual bands of two
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MARKETING OF FIRM AND INTERRUPTIBLE. CAPACITY WITH A LONG NOTICE PERIOD‌ The multi-annual subscriptions for Firm and Interruptible capacity with a long notice period are booked by the Shipper in accordance with the conditions described below. Capacity is marketed on multi-annual bands of two (2) or three (3) years, beginning on the first (1st) Day of April of each year. For each maturity of two (2) or three (3) years, and for each type of Firm and Interruptible Capacity, the marketing process is organised pursuant to successive marketing rounds, each of these rounds offering at least 5 GWh/d. The Shipper’s request is limited to the proposed capacity at each round. For each round, in the event of a request exceeding the capacity available, the capacity allocation is carried out proportionally to the shippers’ requests. If the Shipper does not participate in a round for a given maturity and type of capacity, it steps out definitively from the capacity allocation process under way for this maturity and type of capacity.
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MARKETING OF FIRM AND INTERRUPTIBLE. CAPACITY WITH A LONG NOTICE PERIOD‌ Requests for multiannual “Bands” (uniform capacity) of two (2) or three (3) years with a long-notice period are allocated on the following basis: A. OSP for the sale of Firm Capacity bands for a period of two (2) or three (3) years: o Available Firm Capacity with a long-notice period is divided into two (2) equal portions, marketed respectively over a period of three (3) years and over a period of two (2) years. GRTgaz initiates an OSP for Fim Capacity subscriptions in the form of multiannual bands of two (2) or three (3) years beginning on the first (1st) Day of Month M: all requests arriving between the twenty-first (21st) calendar day of month M-8 and the last calendar day of month M-8 inclusive are deemed simultaneous and to have been received at zero hours (00:00) on the first (1st) calendar day of month M-7; o In the event of a request exceeding the available capacity, such capacity will be distributed proportionally to requests, and allocated in the following stages: 1. Possible capping of Shippers’ requests up to the available Firm Capacity for the related band 2. Allocation of available Firm Capacity proportionately to the capacity requested by Shippers. B. OSP for the sale of bands of Interruptible Capacity for two (2) or three (3) years: o Long-notice Interruptible Capacity is divided into two (2) equal portions, marketed respectively over a period of three (3) years and over a period of two (2) years. o In the event that, following the previous allocation, all the Firm Capacity has been allocated over the related duration, GRTgaz shall initiate an OSP for subscription of Interruptible Capacity in the form of multiannual bands of two (2) or three (3) years, starting on the first (1st) Day of Month M: all requests arriving between the first (1st) calendar day of month M-7 and the tenth (10th) calendar day of month M-7 inclusive are deemed simultaneous and to have been received at zero hours (00:00) on the eleventh (11th) calendar day of month M-7. o In the event of a request exceeding the available capacity, such capacity will be distributed proportionally to requests, and allocated in the following stages: 1. Possible capping of Shippers’ requests up to the cap corresponding to available Interruptible Capacity for the related band. 2. Allocation of available Interruptible Capacity proportionately to the capacity requested by Shippers.
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