Contract Durations Clause Samples

Contract Durations. 1. In respect of entry or exit agreements that Shippers enter into with TSOs for existing firm entry or exit Capacity at Cross-Border Points and at entry points from and exit points to storage facilities the following rules shall apply: a) An amount equal to at least 20% of the technical yearly Capacity at the relevant entry or exit point shall be set aside and offered as follows: • an amount equal to at least 10% of the technical Capacity at the relevant in entry or exit point shall be offered no earlier than in the annual auction for yearly Capacity held during the fifth Gas Year preceding the start of the relevant Gas Year, and • a further amount equal to at least 10% of the technical Capacity at the relevant entry or exit point shall first be offered no earlier than in the annual auction for quarterly Capacity held during the Gas Year preceding the start of the relevant Gas Year. b) If the amount of Capacity available is less than 20% of the technical yearly Capacity, the entire available Capacity shall be set aside and allocated as follows: • the portion of the available Capacity that is equal to or less than 10% of the technical yearly Capacity shall be offered no earlier than in the annual auction for quarterly Capacity, • any remaining Capacity exceeding 10% of the technical yearly Capacity shall be offered no earlier than in the annual auction for yearly Capacity held during the fifth Gas Year preceding the start of the relevant Gas Year. The technical yearly Capacity shall be expressed and considered in kWh/h. 2. In respect of bookings for all other types of Capacity, such as: a) exit Capacity for the offtake of gas at Exit Points to end users b) entry Capacity for the delivery of gas at Entry Points from production facilities or LNG plants