Examples of Title Transfer Point in a sentence
The minimum amount of the Guarantee is:• One hundred thousand (100,000) euros or,• Twenty thousand (20,000) euros if the Shipper holds a gas supply licence allowing occasional natural gas purchases and sales at the Title Transfer Point to meet the needs of its own industrial facilities.
In case of Contract’s suspension, the Shipper is forbidden to subscribe new Capacities and to nominate a Quantity on all or part the Networks of GRTgaz, included Title Transfer Point, but the Shipper is still obliged to his contractual obligations and in particular to pay the invoices.
The Shipper can subscribe to the existing Auxiliary Services pursuant to the terms and conditions set out in Section B for the Conversion Service and substitution of capacities, in the Section C for the optional Daily Capacity subscription service at short notice and in Sections D1 and D2 for access to the Title Transfer Point.
Clause 2 Capacity and Auxiliary ServicesGRTgaz provides the Shipper Daily Capacity and Auxiliary Services (access to the Title Transfer Point (PEG), service for converting L-Gas to H-Gas, an optional Daily Capacity subscription service at short notice, service for testing and service for substitution of capacities).
Title to the Products shall pass from the Provider to the Recipient when the Products pass the Title Transfer Point.