REQUIREMENTS TO PARTICIPATE IN AUCTIONS Sample Clauses

REQUIREMENTS TO PARTICIPATE IN AUCTIONS. To be able to participate in an auction, eligible shippers and customers authorised in France ("Shippers") must be registered on the PRISMA booking platform. This section sets out the conditions that shippers must meet in order to register properly on PRISMA with Teréga. In order to participate in auctions, shippers must be registered as authorised shippers in the French system. The conditions and the procedure for obtaining authorisation are described in detail by the DGEC at the following link: xxxxx://xxx.xxxxxxxx.xxxx.xx/sites/default/files/Liste%20des%20founitsseurs%20autoris%C3%A9s%20- %20mai%202018.pdf Shippers must then sign the Transport Contract in advance with Teréga to be able to participate in auctions. The capacity allocated to a shipper on the PRISMA booking platform will be automatically inserted into the Transport Contract ('Capacity Sheet'); this allocation will then have binding force for Shippers and there will be no need to sign additional documents. As soon as the Shipper is notified of the allocation of capacity, it will be informed of the financial guarantees associated with the contractual capacity that it must set up in favour of Teréga. These financial guarantees are described in detail in article 8 ('Guarantee') of the General Terms and Conditions of the Transport Contract, available on the Teréga website. No financial guarantee is required to participate in the auctions.
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Related to REQUIREMENTS TO PARTICIPATE IN AUCTIONS

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