Access System: Entry Points and Tariffs Clause Samples

Access System: Entry Points and Tariffs. (1) This Article applies to the setting of regulated entry points on either continental shelf and entry tariffs for Langeled South for Petroleum produced from a reservoir wholly or in part on the continental shelf appertaining to the United Kingdom. (2) Entry points and tariffs referred to in paragraph (1) shall be agreed jointly by the two Governments. Such entry tariffs shall normally be set at zero, subject to adjustments for positive or negative effects on the throughput and provided that all costs related to the tie-in are otherwise covered. (3) The two Governments shall, upon request, supply commercial parties with relevant information regarding the setting of new entry tariffs in such a manner as to provide predictability prior to investment decisions. Such information shall be supplied without undue delay, and, if possible, within sixteen weeks of such request. Such tariffs shall be formally determined simultaneously with the approval of the relevant project. (4) The conditions set out in this Article may also apply to other Cross- Boundary Pipelines if so agreed by the two Governments.