Nomination; Scheduling and Dispatch Procedure Sample Clauses
The Nomination; Scheduling and Dispatch Procedure clause establishes the process by which parties communicate and coordinate the delivery or receipt of goods, services, or resources, typically in the context of energy or commodities contracts. It outlines how one party must notify the other of its intended requirements (nominations), the timelines for such notifications, and the procedures for scheduling and dispatching the agreed quantities. This clause ensures that both parties are aligned on logistics and timing, reducing the risk of miscommunication and operational disruptions.
Nomination; Scheduling and Dispatch Procedure. “Nominations” or “Nominate” means a request submitted by Customer to Provider for the prospective terminalling, storage or delivery, as applicable, of specific volumes of Customer Hydrocarbons on Receipt Point-by-Receipt Point and Delivery Point-by-Delivery Point bases. The Nomination procedure is as follows: