Common use of Minimum operative reserves Clause in Contracts

Minimum operative reserves. Any time that the Contractor has a regasification capacity set aside, as a Voucher; it will be required to maintain a minimum amount of LNG at every Regasification Plant that it uses. The minimum amount is specified in current regulations. The regulations applicable to the Voucher will be determined by the NGTS.

Appears in 4 contracts

Samples: Contract for Access to Regasification Facilities for LNG Truck Loading, Contract for Access to Regasification Facilities, Conditions Agreement for Contracting Truck Loading Services

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