Examples of Capacity Allocation in a sentence
If a Shipper delivers less than eighty-five percent (85%) of its allocated capacity, then Shipper shall be invoiced for its delivered volumes for that period, plus a Capacity Allocation Program (CAP) charge equal to: 85% of allocated capacity for the applicable cycle of the nomination period (-) lessActual Volume delivered in the applicable cycle of the nomination period (*) timesApplicable CAP charge of forty-two cents ($0.42) per barrel.
The above mentioned process shall apply to all forms of an Auction product and all Forward Capacity Allocation timeframes.
Such notification shall include reference to the articles amended or changed and the date on which the new version of these Intraday Capacity Allocation Rules enters into force.
In respect of IPs, the terms implemented pursuant to Modification 0500, EU Capacity Regulations - Capacity Allocation Mechanisms with Congestion Management Procedures.
For the purpose of balancing any imbalances in Shipper's account, Shipper may deliver or take quantities in excess of the above limitations in accordance with the provisions of Section 6 (Nominating, Scheduling, and Monitoring) and Section 7 (Capacity Allocation) of the General Terms and Conditions.