Examples of Gas Storage Operator in a sentence
In case of receiving from the Gas Storage Operator information on termination of the natural gas storage (injection, withdrawal) selection agreement and / or agreement on provision of natural gas declaration services moving across the customs border of Ukraine, the Exchange suspends the participant's admission to trading.
The preliminary application may be rejected (not confirmed) by the Gas Storage Operator in the case of: - absence from storage at the seller of the volume of natural gas specified in the Preliminary application; - the presence of a technical error in the Preliminary application (in the name of the customer of storage services, EIC-code, in the amount of natural gas, etc.).
In case the Gas Storage Operator activates the Preliminary Application, the seller's right to dispose of the relevant volume is temporarily limited, subject to regulation in accordance with the Regulations and the Agreement on Interaction and Enforcement of Obligations by Exchange Bidders, and the corresponding volume of natural gas.
In the event that the Gas Storage Operator has not confirmed the trade notification (trade notifications) submitted to it by the Exchange for the purpose of transferring the Exchange commodities (natural gas) from one trades participants (who is a seller under a contract of purchase and sale) to another trades participant (who is the buyer under such a contract of purchase and sale), the guarantee fees of such trades participants are unblocked.
If there is a confirmation of payment by the seller, the Exchange submits a trade notification to the Gas Storage Operator, regardless of the presence / absence of confirmation from the buyer.
The repeated application is processed and executed by the Gas Storage Operator according to the same procedure as the original one.
The basis for renewal of admission in this case is the conclusion of a new agreement with the Gas Storage Operator.
Voluntary Refusal is registered on the information platform of the Gas Storage Operator on the basis of the Preliminary application of the bidder - seller, which is submitted in accordance with the Instructions of the user of the information platform of the Gas Storage Operator.
In case, the trading notifications are not confirmed by the Gas Storage Operator due to the fault of both parties to the contract of purchase and sale, the Guarantee fee of such trades participants (minus the amount of the exchange fee withheld by the Exchange for the conclusion of an Exchange agreement) are unblocked and no penalties are charged.
The procedure of interaction between the Exchange, Gas Storage Operator and bidders on admission of goods to exchange bidding is regulated by this Regulations, the Agreement on interaction and fulfillment of obligations by exchange bidders, the Regulations on interaction and exchange of information, other internal documents of the Exchange and Ukrainian legislation.