Common use of Inventory Extension Option allocation rules Clause in Contracts

Inventory Extension Option allocation rules. The Inventory Extension Option is reserved for Shippers who have subscribed to capacity in the context of LNG truck or small-scale LNG carrier loading services for the Month M+1. The quantity of energy allocated to the Shipper under the Inventory Extension Option may not exceed the loading capacities of LNG trucks or small-scale LNG carriers subscribed by the Shipper for the Month M+1, net of the Energy Content scheduled for Unloading by the Shipper for the Month M+1 under the Annual Schedule At the latest at the time of the Monthly Programme Request for Month M, the Shipper having carried out an Unloading during Month M-1 may request to subscribe the Inventory Extension Option. For any request received: o before the Monthly Programme Request for Month M, the Operator shall allocate the Inventory Extension Option to Shippers requesting this option on a "first come, first served" basis. o in the context of the Monthly Programme Request for Month M, and when the combined requests from all Shippers exceed the quantity of energy still available under the Inventory Extension Option, the quantity of energy under the Inventory Extension Option allocated to the Shipper shall be equal to the product of the Shipper's request, multiplied by the ratio of the quantity of energy available under the Inventory Extension Option to the combined requests from all the Shippers.

Inventory Extension Option allocation rules. The Inventory Extension Option is reserved for Shippers who have subscribed to capacity in the context of LNG truck or small-scale LNG carrier loading services for the Month M+1. The quantity of energy allocated to the Shipper under the Inventory Extension Option may not exceed the most stringent of the following conditions: o the difference in the Shipper's Inventory Level on the first (1st) of Month M and its balance of Unloadings and Reloadings scheduled for Month M; o the loading capacities of LNG trucks or small-scale LNG carriers subscribed by the Shipper for the Month M+1, net of the Energy Content scheduled for Unloading by the Shipper for the Month M+1 under the Annual Schedule Schedule. At the latest at the time of the Monthly Programme Request for Month M, the Shipper having carried out an Unloading during Month M-1 may request to subscribe the Inventory Extension Option. For any request received: o before the Monthly Programme Schedule Request for Month M, the Operator shall allocate the Inventory Extension Option to Shippers requesting this option on a "first come, first served" basis. o in the context of the Monthly Programme Request for Month M, and when the combined requests from all Shippers exceed the quantity of energy still available under the Inventory Extension Option, the quantity of energy under the Inventory Extension Option allocated to the Shipper shall be equal to the product of the Shipper's request, multiplied by the ratio of the quantity of energy available under the Inventory Extension Option to the combined requests from all the Shippers.

Inventory Extension Option allocation rules. The Inventory Extension Option is reserved for Shippers who have subscribed to capacity in the context of LNG truck or small-scale LNG carrier loading services for the Month M+1. The quantity of energy allocated to the Shipper under the Inventory Extension Option may not exceed the loading capacities of LNG trucks or small-scale LNG carriers subscribed by the Shipper for the Month M+1, net of the Energy Content scheduled for Unloading by the Shipper for the Month M+1 under the Annual Schedule At the latest at the time of the Monthly Programme Request for Month M, the Shipper having carried out an Unloading during Month M-1 may request to subscribe the Inventory Extension Option. For any request received: o before the Monthly Programme Schedule Request for Month M, the Operator shall allocate the Inventory Extension Option to Shippers requesting this option on a "first come, first served" basis. o in the context of the Monthly Programme Request for Month M, and when the combined requests from all Shippers exceed the quantity of energy still available under the Inventory Extension Option, the quantity of energy under the Inventory Extension Option allocated to the Shipper shall be equal to the product of the Shipper's request, multiplied by the ratio of the quantity of energy available under the Inventory Extension Option to the combined requests from all the Shippers.