Examples of Spot Market in a sentence
Bid prices shall be firm except that price revisions will be permitted in accordance with the following procedure: Revisions to the original Contract price shall be based on prices published in the OIL PRICE INFORMATION SERVICE (OPIS) under the heading In Cash Markets, weekly average Spot report under “N.Y. Harbor Spot Barge Weekly Average” and Ethanol Spot Market Prices (New York).
Unless specified otherwise, the following provisions apply to both Fixed Price Transactions and Spot Market Transactions.
For the avoidance of doubt, if Department is providing Fuel from Department’s own Fuel purchases or if Seller is providing Fuel on the Spot Market pursuant to Section 2.05(c), such provisions must be consistent with, and are limited by, the terms of any Extended-Term Obligations that the Parties have specifically approved in a separate letter agreement of approval.
With respect to each Spot Market Transaction, to the extent that the FMEA differs from the PMEA, the Company shall pay or charge the DS Supplier for the PMEA/FMEA Adjustment Amount within the PJM deadline for conducting the final settlement.
With respect to each Spot Market Transaction, for each Billing Month, the Company will prepare a Statement of amounts due to the DS Supplier.