Examples of Transferor Shipper in a sentence
A Transferor Shipper may arrange to transfer all or part of its’ Available Exit Capacity at an Exit Point to a Transferee Shipper, subject to and in accordance with this section 3.9.
In order for the Transporter to process an ADT Request, the Transferee Shipper shall first notify the Transporter that it accepts the terms of the ADT request submitted by the Transferor Shipper.
The Transferor Shipper may submit an ADT Request to the Transporter at any time after 17:30 hours on D+1 and before 17:00 hours on M+7.
All other applicable charges (including the commodity component of the Tariff) shall be payable by the Transferor Shipper or the Transferee Shipper (as the case may be) in accordance with the provisions of this Code.
Notwithstanding the acceptance of an Entry Capacity Trade by the Transporter, the Transferor Shipper shall continue to remain liable to the Transporter for Entry Capacity Charges at the relevant Entry Point (as if the Entry Capacity Trade had not taken place).
If the Initial Daily Imbalance Quantity (or, if relevant, the Revised Daily Imbalance Quantity) of the Transferor Shipper or of the Transferee Shipper changes as a result of a change to either Shipper's Entry Allocation or Exit Allocation between 16:00 hours on D+1 and 16:00 hours on D+5, then any ADT(s) transacted by the affected Shippers prior to any such change shall be cancelled by the Transporter without prejudice to such Shipper's right to re-submit such ADT(s).
Upon acceptance by the Transporter of an Entry Capacity Trade, the Active Entry Capacity of the Transferor Shipper will be reduced by the amount specified in the Entry Capacity Trade and the Active Entry Capacity of the Transferee Shipper will be increased by the corresponding traded amount in respect of the period set out in the Entry Capacity Trade Registration Request.
The Transporter may reject the Entry Capacity Trade Registration Request where a Valid Entry Nomination has been submitted by the Transferor Shipper utilising all or part of the Entry Capacity that is the subject matter of the Entry Capacity Trade Registration Request.
Where the Transporter has rejected an Entry Capacity Trade it shall inform both the Transferor Shipper and the Transferee Shipper of the reason for such rejection.
For the avoidance of doubt, the quantity to be traded under all Entry Capacity Trade(s) effected by a Transferor Shipper in respect of a Day shall not exceed the Active Entry Capacity of the Transferor Shipper for that Day.