Common use of Nomination Procedures Clause in Contracts

Nomination Procedures. The Storage Customer shall be obliged to make a Nomination for the following Day to SSO until 2:00 pm (all time specifications refer to CET) every Day. The Storage Customer shall receive a confirmation of receipt of the Nomination until 2:15 pm. If this confirmation of receipt fails to arrive, the Storage Customer shall inform SSO without delay. The procedure for further action shall then be jointly agreed upon. A Nomination shall include the following information: shipper code pair, contract code, Point Of Transfer For Withdrawal and Injection, dates as well as the requested Injection or Withdrawal quantities (in kWh) for each hour of the following Day. SSO will check the Nomination in regard to completeness, correctness, operational and contractual practicability. The Storage Customer shall ensure that an equivalent transport Nomination is sent to the adjacent Transmission System Operator. SSO will match the storage and transport Nominations with the adjacent Transmission System Operator (Matching). Within the scope of the Matching process a Nomination may be cut down to the smaller quantity (lesser rule) in the case of mismatching announcements (Mismatch). The Storage Customer shall receive - as a result from checking and Matching - a confirmation, reduction or rejection of the Nomination until 4:00 pm. The Storage Customer may already announce in advance a long-term Nomination preview (week or month Nominations). SSO will also confirm the receipt and inform about the result of a non-binding check. In case a confirmed Nomination has not been received for one Day, a zero-Nomination (no Injection or Withdrawal) shall be assumed for this Day. However, in case a long-term Nomination preview is in place, the most recent Nomination preview shall apply for this Day. For the Day of the (summer / winter) clock change adjusted Nominations shall be made. At the beginning of the summertime (usually at the end of March) the Nomination for one Day shall include 23 hourly values. At the beginning of the wintertime (usually at the end of October) the Nomination for one Day shall include 25 hourly values.

Appears in 9 contracts

Samples: nafta-speicher.de, nafta-speicher.de, nafta-speicher.de

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.