PRICE SUPPLEMENTS Clause Samples
The PRICE SUPPLEMENTS clause defines how additional pricing information or updates to the original price terms are provided and incorporated into the contract. Typically, this clause allows for the issuance of supplementary documents or schedules that detail changes in pricing, such as adjustments due to market fluctuations, new product offerings, or updated service rates. Its core practical function is to ensure that both parties have a clear and agreed-upon process for handling price changes, thereby reducing disputes and maintaining transparency in the contractual relationship.
PRICE SUPPLEMENTS. Price Supplements may be payable by the Shipper pursuant to: on the Upstream Network: o the application of the Sub-clause entitled “Long-Term UIOLI procedure” in Section B relative to Long Term UIOLI; o the application of the Clause entitled ”Price supplement at a Transport LNG Terminal Interface Point” in Section B relative to the Extra Daily Allocation of Daily Entry Capacity at a Transport LNG Terminal Interface Point. on the Downstream Network: the application of the Clause entitled “Price supplement related to a Daily or Hourly Capacity Overrun” in Section C relative to a Daily or Hourly Capacity Overrun; on balancing: o the application of the Clause entitled “Definitions of the Optional Balancing Tolerances and the Tolerated Imbalances” in Section D2 relative to the Tolerated Imbalances. on the balancing in the L-gas Area applicable to the Shipper in Charge of H-gas to L-gas Quality Conversion Service: o The application of the Clause entitled: “Price Supplement for Cumulative Imbalances” in Section D3.
PRICE SUPPLEMENTS. Price Supplements may be payable by the Shipper pursuant to: • on the Upstream Network: o the application of the Sub-clause entitled “Long-Term UIOLI procedure” in Section B relative to Long Term UIOLI; o the application of the Clause entitled ”Price supplement at a Transport LNG Terminal Interface Point” in Section B relative to the Extra Daily Allocation of Daily Entry Capacity at a Transport LNG Terminal Interface Point. • on the Downstream Network: • the application of the Clause entitled “Price supplement related to a Daily or Hourly Capacity Overrun” in Section C relative to a Daily or Hourly Capacity Overrun; • on balancing: o the application of the Clause entitled “Definitions of the Balancing Tolerances and the Authorised Imbalances” in Section D2 relative to Cumulative Imbalances (Reference Price P3). • on the balancing in the L-gas Area applicable to the Shipper in Charge of H-gas to L-gas Quality Conversion Service: o The application of the Clause entitled: “Price Supplement for Cumulative Imbalances” in Section D3. 8.3 SALES/PURCHASES OF IMBALANCES AT P1/P2 The P1 and P2 purchase and sale price is determined pursuant to the provisions of the Clause entitled “Shipper balancing” in Section D1 and the Clause entitled “Purchase and sale prices (Reference Prices P1 and P2)” in Section D2, as applicable to the Shipper Clause 9 Payment guarantee
PRICE SUPPLEMENTS. Price Supplements may be payable by the Shipper pursuant to: • on the Upstream Network: o application of Sub-clause “Long Term UIOLI procedure” of Section B relative to Long Term UIOLI; o application of Clause ”Price supplement at a Transport LNG Terminal Interface Point” of Section B relative to the Extra Monthly Allocation of Daily Entry Capacity at a Transport LNG Terminal Interface Point. • on the Downstream Network: application of Clause “Price supplement related to a Daily or Hourly Capacity Overrun” of Section C relative to a Daily or Hourly Capacity Overrun; • on balancing: application of Clause “Definition of the Balancing Tolerances and the Authorized Imbalances” of Section D2 relative to Cumulative Overbalancing (Reference Price P3).
PRICE SUPPLEMENTS. Price Supplements may be payable by the Shipper pursuant to: • on the Upstream Network: o the application of the Sub-clause entitled “Long-Term UIOLI procedure” in Section B relative to Long Term UIOLI; o the application of the Clause entitled ”Price supplement at a Transport LNG Terminal Interface Point” in Section B relative to the Extra Monthly Allocation of Daily Entry Capacity at a Transport LNG Terminal Interface Point. • on the Downstream Network: • the application of the Clause entitled “Price supplement related to a Daily or Hourly Capacity Overrun” in Section C relative to a Daily or Hourly Capacity Overrun; • on balancing: o the application of the Clause entitled “Definitions of the Balancing Tolerances and the Authorised Imbalances” in Section D2 relative to Cumulative Imbalances (Reference Price P3).
PRICE SUPPLEMENTS