Surrendering Shipper definition

Surrendering Shipper has the meaning given in Section B paragraph 6.3.1 of the IUK Access Code;
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Surrendering Shipper means a Shipper which has submitted a Valid Capacity Surrender Request;
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Surrendering Shipper has the meaning given in Section B paragraph 6.3.1 of the IAC;
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Examples of Surrendering Shipper in a sentence

  • A Surrendering Shipper shall not be entitled to impose any limitations or conditions on the terms on which IUK shall offer the Surrendered Capacity for re-allocation or on the amount of Surrendered Capacity which may be re-allocated at any time.

  • A Shipper giving a Surrender Notice, or to whom a LTUIOLI Notice is given, is a " Surrendering Shipper".

  • For the purpose of this paragraph 6.3.6 the Surrendering Shipper is the last Shipper in order of time that made a surrender of Capacity prior to its re-allocation.

  • For the purpose of this paragraph 6.3.6 the Surrendering Shipper is the last IAA Shipper in order of time that made a surrender of Capacity prior to its re-allocation.

  • An IAA Shipper giving a Surrender Notice, or to whom a LTUIOLI Notice is given, is a " Surrendering Shipper".

  • Where the Surrendered Capacity of more than one Surrendering Shipper has been re- allocated to a Defaulting Shipper, this paragraph 6.3.6 shall apply to each other Surrendering Shipper in respect of the amount of its Surrendered Capacity that was re- allocated to the Defaulting Shipper.

  • Where Capacity is re-allocated from a Surrendering Shipper or a suspended Shipper to another Shipper (whether due to it being Surrendered Capacity or Capacity of a suspended Shipper), Interconnector shall deduct the Re-Allocated Capacity from the Registered Capacity of the Surrendering Shipper or suspended Shipper and register it as being held by the other Shipper.

  • Where Capacity is re-allocated from a Surrendering Shipper or a suspended Shipper to another Shipper (whether due to it being Surrendered Capacity or Capacity of a suspended Shipper), IUK shall deduct the Re-Allocated Capacity from the Registered Capacity of the Surrendering Shipper or suspended Shipper and register it as being held by the other Shipper.

  • Where Surrendered Capacity is not re-allocated to any Shipper(s) in accordance with this paragraph 6.3 of this Section B such Surrendered Capacity shall continue to be Registered Capacity of the Surrendering Shipper and the Surrendering Shipper shall be liable to IUK for all obligations and liabilities in respect of the Surrendered Capacity, including the Capacity Charges.

  • A Surrendering Shipper shall not be entitled to impose any limitations or conditions on the terms on which Interconnector shall offer the Surrendered Capacity for re- allocation or on the amount of Surrendered Capacity which may be re-allocated at any time.

Related to Surrendering Shipper

  • Surrender when used with respect to American Depositary Shares, shall mean (i) one or more book-entry transfers of American Depositary Shares to the DTC account of the Depositary, (ii) delivery to the Depositary at its Office of an instruction to surrender American Depositary Shares not evidenced by a Receipt or (iii) surrender to the Depositary at its Office of one or more Receipts evidencing American Depositary Shares.

  • Surrender Value means an amount, if any, that becomes payable in case of Surrender of the Policy in accordance with the terms and conditions of the Policy.

  • ro-ro passenger ship means a passenger ship with ro-ro spaces or special category spaces as defined in regulation II-2/3.

  • Surface owner means any person who holds record title to the surface of the land as an owner.

  • Delivery Location means the Supplier's premises or other location where the Services are to be supplied, as set out in the Order;

  • storage vessel means a pressure vessel as defined in the Regulations for Pressure Vessels made under the Occupational Health and Safety Act;

  • Exchange Area means an area, defined by the Commission, for which a distinct local rate schedule is in effect.

  • Delivery Day means a day other than a Saturday, a Sunday or any other day on which national banking associations are authorized to be closed. Any party may change its address for purposes of the receipt of notices and demands by giving notice of the change in the manner provided in this provision.

  • Receipt Point means the receipt/inception point(s) where Crude Oil is received into the Gathering System, as such points are specified in Section II of this tariff.

  • LNG means liquefied natural gas.

  • Shipper means the party who contracts with Carrier for the transportation of Crude Petroleum under the terms of this tariff.

  • Berth means the berth to be constructed in the new inner harbour including the supporting structure for the shiploader, to be constructed by the Company pursuant to Clause 4(2)(a) hereof and includes the land approaches and ancillary equipment thereto;

  • Delivery vessel means tank trucks or trailers equipped with a storage tank and used for the transport of gasoline from sources of supply to stationary tanks of gasoline dispensing facilities.

  • Building sewer means the extension from the building drain to the public sewer or other place of disposal.