OBJECT OF THE CONTRACT. 2.1 This agreement contains the provisions for the following transactions: a) the sale and delivery by the Customer and the correspondent purchase, payment and acceptance by the Logistic Swap Provider of Natural Gas at the Delivery Point A, as regulated specifically under Article 3 “Delivery at DPA”, and b) the sale and delivery by the Logistic Swap Provider and the correspondent purchase, payment and acceptance by the Customer at the PSV Delivery Point of a quantity of Natural Gas equivalent, on a daily basis, to the one sold and delivered under paragraph a) above, as regulated specifically under Article 4 “Redelivery at PSV”, under the terms and conditions set forth herein (each a “Swap Transaction” and both together the “Swap Transactions”). 2.2 The Swap Transactions are to be construed as Individual Contracts executed under the EFET Agreement agreed by the Parties according to Article 2.3 under this Article 2 (Object of the Contract), and supplementing and forming part of such EFET Agreement. In case of inconsistencies between the Swap Transactions and the EFET Agreement, the Swap Transactions shall prevail. 2.3 The Parties agree that the terms that shall govern the Swap Transactions for the terms not expressly regulated herein shall be those of the following documents: General Agreement Concerning the Delivery and Acceptance of Natural Gas Version 2.0(a)/May 11, 2007, as available at the EFET website xxx.xxxx.xxx, that is hereby incorporated (the “EFET GA”); the Election Sheet to the EFET GA, as defined in Annex A (“Election Sheet of the EFET GA”); the PSV Appendix, as defined in Annex B (“PSV Appendix of the EFET GA”); the DPA Appendix, as defined in Annex C (“DPA Appendix of the EFET GA”); Annex E (Customer’s contact and payment details); Annex F (VAT Form); Annex I (Italian Reverse Charge Form); hereinafter all together referred to as the “EFET Agreement”. For the avoidance of doubt, the Parties hereby specify that, by signing this agreement, the EFET Agreement is entered into between the Parties with Effective Date corresponding to the date of signature of this agreement, as written in the paragraph immediately following Article 8 (Miscellaneous) of the Contract. The terms of the EFET Agreement shall apply exclusively to the Swap Transactions, and are not to be used for other transactions between the Parties. 2.4 This Contract shall enter into full force and effect from the date of its signature by both Parties, as written in the paragraph immediately following Article 8 (Miscellaneous) of the Contract, and shall last until all the rights and obligations provided herein are fully performed by both Parties. 2.5 The Parties agree that the redelivery obligation at the PSV Delivery Point, set forth herein in Article 4 (Redelivery at PSV), shall not be construed as an obligation to redeliver the same Natural Gas delivered by Customer at the DPA according to Article 3 (Delivery at DPA), but as an obligation to redeliver an equivalent (in terms of energy) quantity of Natural Gas, as specified hereunder.
Appears in 3 contracts
Samples: Logistic Swap Agreement, Logistic Swap Agreement, Logistic Swap Agreement
OBJECT OF THE CONTRACT. 2.1 This agreement contains the provisions for the following transactions:
a) the sale and delivery by the Customer and the correspondent purchase, payment and acceptance by the Logistic Swap Provider of Natural Gas at the Delivery Point A, as regulated specifically under Article 3 “Delivery at DPA”, and
b) the sale and delivery by the Logistic Swap Provider and the correspondent purchase, payment and acceptance by the Customer at the PSV Delivery Point of a quantity of Natural Gas equivalent, on a daily monthly basis, to the one sold and delivered under paragraph a) above, as regulated specifically under Article 4 “Redelivery at PSV”, under the terms and conditions set forth herein (each a “Swap Transaction” and both together the “Swap Transactions”).
2.2 The Swap Transactions are to be construed as Individual Contracts executed under the EFET Agreement agreed by the Parties according to Article 2.3 under this Article 2 (Object of the Contract), and supplementing and forming part of such EFET Agreement. In case of inconsistencies between the Swap Transactions and the EFET Agreement, the Swap Transactions shall prevail.
2.3 The Parties agree that the terms that shall govern the Swap Transactions for the terms not expressly regulated herein shall be those of the following documents: General Agreement Concerning the Delivery and Acceptance of Natural Gas Version 2.0(a)/May 11, 2007, as available at the EFET website xxx.xxxx.xxx, that is hereby incorporated (the “EFET GA”); the Election Sheet to the EFET GA, as defined in Annex A (“Election Sheet of the EFET GA”); the PSV Appendix, as defined in Annex B (“PSV Appendix of the EFET GA”); the DPA Appendix, as defined in Annex C (“DPA Appendix of the EFET GA”); Annex E (Customer’s contact and payment details); Annex F (VAT Form); Annex I (Italian Reverse Charge Form); ) hereinafter all together referred to as the “EFET Agreement”. For the avoidance of doubt, the Parties hereby specify that, by signing this agreement, the EFET Agreement is entered into between the Parties with Effective Date corresponding to the date of signature of this agreement, as written in the paragraph immediately following Article 8 (Miscellaneous) of the Contract. The terms of the EFET Agreement shall apply exclusively to the Swap Transactions, and are not to be used for other transactions between the Parties.
2.4 This Contract shall enter into full force and effect from the date of its signature by both Parties, as written in the paragraph immediately following Article 8 (Miscellaneous) of the Contract, and shall last until all the rights and obligations provided herein are fully performed by both Parties.
2.5 The Parties agree that the redelivery obligation at the PSV Delivery Point, set forth herein in Article 4 (Redelivery at PSV), shall not be construed as an obligation to redeliver the same Natural Gas delivered by Customer at the DPA according to Article 3 (Delivery at DPA), but as an obligation to redeliver an equivalent (in terms of energy) quantity of Natural Gas, as specified hereunder.
Appears in 2 contracts
OBJECT OF THE CONTRACT. 2.1 This agreement contains the provisions for the following transactions:
a) the sale and delivery by the Customer and the correspondent purchase, payment and acceptance by the Logistic Swap Provider of Natural Gas at the Delivery Point A, as regulated specifically under Article 3 “Delivery at DPA”, and
b) the sale and delivery by the Logistic Swap Provider and the correspondent purchase, payment and acceptance by the Customer at the PSV Delivery Point of a quantity of Natural Gas equivalent, on a daily monthly basis, to the one sold and delivered under paragraph a) above, as regulated specifically under Article 4 “Redelivery at PSV”, under the terms and conditions set forth herein (each a “Swap Transaction” and both together the “Swap Transactions”).
2.2 The Swap Transactions are to be construed as Individual Contracts executed under the EFET Agreement agreed by the Parties according to Article 2.3 under this Article 2 (Object of the Contract), and supplementing and forming part of such EFET Agreement. In case of inconsistencies between the Swap Transactions and the EFET Agreement, the Swap Transactions shall prevail.
2.3 The Parties agree that the terms that shall govern the Swap Transactions for the terms not expressly regulated herein shall be those of the following documents: • General Agreement Concerning the Delivery and Acceptance of Natural Gas Version 2.0(a)/May 11, 2007, as available at the EFET website xxx.xxxx.xxx, that is hereby incorporated (the “EFET GA”); • the Election Sheet to the EFET GA, as defined in Annex A (“Election Sheet of the EFET GA”); • the PSV Appendix, as defined in Annex B (“PSV Appendix of the EFET GA”); • the DPA Appendix, as defined in Annex C (“DPA Appendix of the EFET GA”); • Annex E (Customer’s contact and payment details); Annex F • Xxxxx X (VAT Form); • Annex I (Italian Reverse Charge Form); ) hereinafter all together referred to as the “EFET Agreement”. For the avoidance of doubt, the Parties hereby specify that, by signing this agreement, the EFET Agreement is entered into between the Parties with Effective Date corresponding to the date of signature of this agreement, as written in the paragraph immediately following Article 8 (Miscellaneous) of the Contract. The terms of the EFET Agreement shall apply exclusively to the Swap Transactions, and are not to be used for other transactions between the Parties.
2.4 This Contract shall enter into full force and effect from the date of its signature by both Parties, as written in the paragraph immediately following Article 8 (Miscellaneous) of the Contract, and shall last until all the rights and obligations provided herein are fully performed by both Parties.
2.5 The Parties agree that the redelivery obligation at the PSV Delivery Point, set forth herein in Article 4 (Redelivery at PSV), shall not be construed as an obligation to redeliver the same Natural Gas delivered by Customer at the DPA according to Article 3 (Delivery at DPA), but as an obligation to redeliver an equivalent (in terms of energy) quantity of Natural Gas, as specified hereunder.
Appears in 1 contract
Samples: Logistic Swap Agreement