Rules for allocation of Contractual Storage Space Sample Clauses

Rules for allocation of Contractual Storage Space. Every year, the Operator shall provide by 15 October of year N-1 for year N, o all Shippers of the Terminal with: the Contractual Storage Space made available to Shippers. o each shipper with: the dedicated Contractual Storage Space that is allocated to them. The Operator allocates the Contractual Storage Space to each Shipper that has subscribed at least for Year N a Cargo to the SMART service in accordance with the provisions below: ESCE = [QDC of the Shipper for year N / sum of all Unloading quantities subscribed and to be subscribed in year N] x Contractual Storage Space of the Terminal for Year N. The Contractual Storage Space that has not been allocated according to the rules set out above shall be supplied by the Operator in the form of a monthly storage service as described below. Each Shipper that has an allocation of Contractual Storage Space may assign all or part of their rights to another shipper. The assignment should be made according to the provisions of article 28 of the General Terms and Conditions. The assignment shall be made in Contractual Storage Space, defined in MWh (GCV) and for a period between the current Month, on the date of the assignment, and the end of the current calendar Year.
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