Common use of Contract Subject Clause in Contracts

Contract Subject. 1.1. Based on this Contract the NU/Trader becomes a registered participant at the VTP via the CDP (Commercial Dispatching Platform), and is entitled to use the services related to the VTP. 1.2. Participants can purchase and sell natural gas using the VTP for the balancing zone including to minimize the imbalances under their balancing accounts. 1.3. The Contracting parties determine the manner and deadlines for settlement of the natural gas purchase and sale as well as prices of the transactions via the instruments for a bilateral trade. 1.4. If there is a necessity for the TSO to undertake balancing actions, the TSO can also trade natural gas at the VTP. 1.5. The natural gas purchase and sale transactions at the VTT are at prices freely negotiated between the parties.