Common use of ANNUAL BASE CAPACITY Clause in Contracts

ANNUAL BASE CAPACITY. If the Shipper has subscribed a “continuous” service with an LNG terminal Operator, it benefits from the allocation, for each year in which it subscribes capacity with the LNG terminal Operator, of a firm annual base capacity equal to the regasification capacity subscribed with the LNG terminal Operator, multiplied by the total Firm Daily Entry Capacity at the Transport LNG Terminal Interface Point and divided by: o For Montoir PITTM, the total annual firm technical regasification capacity of the LNG terminal, o For Fos PITTM, the sum of the total annual firm technical regasification capacity of the Fos Cavaou LNG terminal and the total annual firm regasification capacity subscribed at the Fos Tonkin LNG terminal. In the event that additional regasification capacity has been subscribed under a “continuous” service with the LNG terminal Operator within the year for the current year, the Allocated Capacity is recalculated accordingly. The values of the total firm daily entry capacity at the Transport LNG Terminal Interface Point and the total annual firm technical regasification capacity of the LNG terminal at Montoir and at Fos are published on GRTgaz’s public website, xxx.xxxxxx.xxx.

Appears in 3 contracts

Samples: www.grtgaz.com, www.grtgaz.com, www.grtgaz.com

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ANNUAL BASE CAPACITY. If the Shipper has subscribed a “continuous” service with an LNG terminal Operator, it Operator he benefits from the allocation, for each year in which it subscribes capacity with the LNG terminal term Operator, of a firm annual base capacity equal to the regasification capacity subscribed with the LNG terminal Operator, multiplied by the total Firm Daily Entry Capacity firm daily entry capacity at the Transport LNG Terminal Interface Point and divided by: o For Montoir PITTM, the total annual firm technical regasification capacity of the LNG terminal, terminal o For Fos PITTM, the sum of the total annual firm technical regasification capacity of the Fos Cavaou LNG terminal and the total annual firm regasification capacity subscribed at the Fos Tonkin LNG terminal. In the event that additional regasification capacity has been subscribed under a “continuous” service with the LNG terminal Operator within the year for the current year, then the Allocated Capacity allocated capacity is recalculated re-calculated accordingly. The values of the total firm daily entry capacity at the Transport LNG Terminal Interface Point and the of total annual firm technical regasification capacity of the LNG terminal terminal, at Montoir and at Fos Fos, are published on GRTgaz’s GRTgaz public website, website xxx.xxxxxx.xxx.

Appears in 1 contract

Samples: www.grtgaz.com

ANNUAL BASE CAPACITY. If the Shipper has subscribed a “continuous” service with an LNG terminal Operator, it Operator he benefits from the allocation, for each year in which it subscribes capacity with the LNG terminal term Operator, of a firm annual base capacity equal to the regasification capacity subscribed with the LNG terminal Operator, multiplied by the total Firm Daily Entry Capacity firm daily entry capacity at the Transport LNG Terminal Interface Point and divided by: o For Montoir PITTM, the total annual firm technical regasification capacity of the LNG terminal, terminal o For Fos PITTM, the sum of the total annual firm technical regasification capacity of the Fos Cavaou LNG terminal and the total annual firm regasification capacity subscribed at the Fos Tonkin LNG terminal. In the event that additional regasification capacity has been subscribed under a “continuous” service with the LNG terminal Operator within the year for the current year, then the Allocated Capacity allocated capacity is recalculated re-calculated accordingly. The values of the total firm daily entry capacity at the Transport LNG Terminal Interface Point and the of total annual firm technical regasification capacity of the LNG terminal terminal, at Montoir and at Fos Fos, are published on GRTgaz’s GRTgaz public website, website xxx.xxxxxx.xxx.

Appears in 1 contract

Samples: www.grtgaz.com

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ANNUAL BASE CAPACITY. If the Shipper has subscribed a “continuous” service with an LNG terminal Operator, it benefits from the allocation, for each year in which it subscribes capacity with the LNG terminal Operator, of a firm annual base capacity equal to the regasification capacity subscribed with the LNG terminal Operator, multiplied by the total Firm Daily Entry Capacity at the Transport LNG Terminal Interface Point and divided by: o For Montoir PITTM, the total annual firm technical regasification capacity of the LNG terminal, o For Fos PITTM, the sum of the total annual firm technical regasification capacity of the Fos Cavaou LNG terminal and the total annual firm regasification capacity subscribed at the Fos Tonkin LNG terminal. In the event that additional regasification capacity has been subscribed under a “continuous” service with the LNG terminal Operator within the year for the current year, the Allocated Capacity is recalculated accordingly. The values of the total firm daily entry capacity at the Transport LNG Terminal Interface Point and the total annual firm technical regasification capacity of the LNG terminal at Montoir and at Fos are published on GRTgaz’s public website, xxx.xxxxxx.xxx.

Appears in 1 contract

Samples: www.grtgaz.com

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