Examples of IP CSEP in a sentence
Within Day (" Within Day IP Entry Capacity" or "Within Day IP CSEP Offtake Capacity", as the case may be).
The Transporter shall, based on such reconciliation, impose additional or lesser charges upon Shippers for such Gas Year in proportion to their respective Final Entry Allocations, Final Exit Allocations, Final IP CSEP Offtake Allocations at the IP CSEP, Final IP VEntry Allocations and/or Final IP VExit Allocations and, where relevant, Final Supply Point Allocations for that Gas Year (as applicable) and such amounts shall be treated as an Annual Disbursements Account Payment.
The Transporter shall record on the Capacity Register the Day on which the Shipper becomes Registered Shipper at an Entry PointIP VEntry Point, an IP VExit Point, an IP CSEP, a VEntry, a VExit, a LDM Offtake, a DM Offtake or a NDM Supply Point respectively.
For the avoidance of doubt, a Shipper's obligation to pay any amounts pursuant to this Code and/or the Framework Agreement and/or any Ancillary Agreement shall not be affected by the existence of any circumstance under which, in accordance with this Code, the Transporter is not obliged to, or is not in breach of its obligation to, make Natural Gas available for offtake from an Offtake Point or at the IP CSEP or to accept deliveries of Natural Gas at an IP Entry Point or at an Entry Point.
Each Shipper shall indemnify the Transporter and hold it harmless against any loss, liability, damage, claim, action, proceeding, cost and expense suffered or incurred by or made or brought against the Transporter (including any claim by a third party to title in Natural Gas delivered by a Shipper at an IP Entry Point or Entry Point or offtaken by a Shipper at an Offtake Point or IP CSEP or Connected System Exit Point or Sub- Sea I/C Offtake) in consequence of any breach of the warranties in Section 7.2.
Commodity Charges shall be payable by a Shipper in respect of the quantities of Natural Gas specified in each such Shipper's IP Entry Allocations, Entry Allocation(s), IP VEntry Allocation(s), IP CSEP Offtake Allocations, Exit Allocation(s), IP VExit Allocations(s) and/or Supply Point Allocation(s) and shall be calculated and invoiced on a monthly basis and included in a Monthly Invoice.
The Transporter shall notify to each IP Shipper in respect of each Non-OBA Day at the IP the Shipper's applicable IP Entry Reallocation or IP CSEP Offtake Reallocation as calculated in accordance with Section 3.5.3 by 16:00 on D + 2.
A Shipper which has Unbundled IP Entry Capacity or Unbundled IP CSEP Offtake Capacity and has also booked Corresponding Adjacent System Capacity which is Unbundled at an IP may at any time on or after 1 August 2015 submit a request (a " Bundling Request") to the Transporter utilising GNI (IT) Systems in accordance with the remaining provisions of this Section 2.14.
Each Shipper shall have a single IP Allocation in respect of each Counterparty IP Shipper at each IP Entry Point, each IP CSEP, each IP VEntry and each IP VExit in respect of which the Shipper has submitted a Valid IP Nomination.
Virtual Point Registration Request”) which shall specify the information required by the Transporter to process the request including:an IP CSEP by applying for IP CSEP Offtake Capacity in accordance with Part C (Capacity) Section 2 (IP Capacity).