GISB definition
Examples of GISB in a sentence
Further, GISB does not mandate the use of this Contract by any party.
EACH USER OF THIS CONTRACT ALSO AGREES THAT UNDER NO CIRCUMSTANCES WILL GISB BE LIABLE FOR ANY DIRECT, SPECIAL, INCIDENTAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES ARISING OUT OF ANY USE OF THIS CONTRACT.
Physical transactions are commonly documented by a GISB (Gas Industries Standards Board) or NAESB (North American Energy Standards Board) base contract for sale and purchase of natural gas.
The EDI standard for the data transfer mechanism utilizes the Internet HTTP protocol and is based on and aligned with the North American Energy Standards Board (NAESB – formerly GISB) Electronic Data Mechanism (EDM) that utilizes the Pretty Good Privacy (PGP) security application of private and public key pairs for data encryption (“Integrity”) and digital signatures (“Authentication”).
The NAESB Contract (and its predecessor, the GISB Contract) may be modified by the incorporation of “Special Provisions” to those contracts.
Supplier acknowledges that Company has selected a GISB compliant Data Transport Mechanism and may from time to time change the Data Transport Mechanism (DTM) used for electronic transmission of EDI transactions.
EACH USER OF THE CONTRACT ALSO AGREES THAT UNDER NO CIRCUMSTANCES WILL GISB BE LIABLE FOR ANY DIRECT, SPECIAL, INCIDENTAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES ARISING OUT OF ANY USE OF THE CONTRACT.
The GISB shall govern the purchase and sale of Gas between the Parties in physical Transactions in which each Party is a principal, except as provided herein.
ENA and AEPESI have entered into that certain Base Contract for Short-Term Sale and Purchase of Natural Gas (GISB) dated as of November 1, 1998 (as the same may have been or may be amended, restated, supplemented, or otherwise modified from time to time, and including all Transactions, schedules, annexes, and confirmations thereunder, the "Physical Gas Master Agreement").
The HTTP response shall specify the date and time of receipt of a Document at the receiving party's Internet server (also called “time-c” in the GISB EDM documents).