Examples of Contract Volume in a sentence
Note 7: All volumes of Crude Petroleum shipped by Carrier on behalf of a Committed Shipper during a Contract Quarter (defined below) from the Origin to the Destination under this Tariff will apply towards the Committed Shipper’s “Minimum Contract Quarterly Volume Commitment,” which is equal to the Committed Shipper’s Daily Contract Volume Commitment multiplied by the number of days in the applicable Contract Quarter.
Delivery of an Electricity Contract is effected by a transfer of Energy Contract Volume from a Seller or Transferor to the Clearing House, and by a transfer from the Clearing House to a Buyer or Transferee.
The difference between usage and the monthly Contract Volume will be invoiced at either:a.
The ECVAA aggregates valid ECVNs and MVRNs to determine the Account Bilateral Contract Volume for each Party’s Energy Account.
Load-Following Nomination: Seller will set an initially daily nomination based on the monthly Contract Volume divided by the number of days in the month.