Common use of REFERENCE INVENTORY LEVEL Clause in Contracts

REFERENCE INVENTORY LEVEL. The Shipper's Reference Inventory Variation for a given Day is defined as the difference between, on the one hand: o the Energy Content of the Unloading scheduled on this Day; o the Quantity of LNG Inventory Transfer to be received on this Day; o the quantity of energy received from the Dedicated Storage Space on this Day; and, on the other: o the Reference Send-Out for this Day, calculated as per the provisions of Article 27; o the quantity to be delivered on this Day, whether as part of a LNG Inventory Transfer or any other operation; o the quantity of energy injected in the Dedicated Storage Space on this Day; o the Energy Content of the Reloading scheduled on this Day. The Reference Inventory Variation may be positive or negative. The Reference Inventory Level for a given Day is a quantity of energy equal to the sum of the Reference Inventory Level for the previous Day and the Reference Inventory Variation for the Day in question. A Shipper's Reference Inventory Level may be negative within the limit of the Overdraft Authorisation defined in Article 27.2.2.

REFERENCE INVENTORY LEVEL. The Shipper's Reference Inventory Variation for a given Day is defined as the difference between, on the one hand: o the Energy Content of the Unloading scheduled on this Day; o the Quantity of LNG Inventory Transfer to be received on this Day; o the quantity of energy received from the Dedicated Monthly Storage Space on this Daythe first (1st) Day of the Month; and, on the other: o the Reference Send-Out for this Day, calculated as per the provisions of Article 27; o the quantity to be delivered on this Day, whether as part of a LNG Inventory Transfer or any other operation; o the quantity of energy injected in the Dedicated Monthly Storage Space on this Daythe first (1st) Day of the Month; o the Energy Content of the Reloading scheduled on this Day. The Reference Inventory Variation may be positive or negative. The Reference Inventory Level for a given Day is a quantity of energy equal to the sum of the Reference Inventory Level for the previous Day and the Reference Inventory Variation for the Day in question. A Shipper's Reference Inventory Level may be negative within the limit of the Overdraft Authorisation defined in Article 27.2.2.