IP VEntry definition

IP VEntry means a point at a unidirectional Interconnection Point at which the direction of physical flow is offtake from the Transportation System to the Interconnected System and at which Natural Gas may be delivered to the Transportation System in accordance with this Code;
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Examples of IP VEntry in a sentence

  • A Shipper shall not have any tolerance with respect to a IP VEntry.

  • Interruptible IP Capacity in order to have the right to deliver Natural Gas at an IP VEntry or offtake Natural Gas at the IP VExit, as the case may be.

  • The Transporter shall, based on such reconciliation, impose additional or lesser charges upon Shippers for such Gas Year in proportion to their respective Final Entry Allocations, Final Exit Allocations, Final IP CSEP Offtake Allocations at the IP CSEP, Final IP VEntry Allocations and/or Final IP VExit Allocations and, where relevant, Final Supply Point Allocations for that Gas Year (as applicable) and such amounts shall be treated as an Annual Disbursements Account Payment.

  • Commodity Charges shall be payable by a Shipper in respect of the quantities of Natural Gas specified in each such Shipper's IP Entry Allocations, Entry Allocation(s), IP VEntry Allocation(s), IP CSEP Offtake Allocations, Exit Allocation(s), IP VExit Allocations(s) and/or Supply Point Allocation(s) and shall be calculated and invoiced on a monthly basis and included in a Monthly Invoice.

  • An Implied Nomination Flow Rate shall not apply with respect to NominationsIP Renominations at the IP VExitP or at the VEntryPIP VEntryP where IP Renominations at the IP VExit or IP VEntry are only permitted following the issue of a notice of Interruption.

  • Each Shipper shall have a single IP Allocation in respect of each Counterparty IP Shipper at each IP Entry Point, each IP CSEP, each IP VEntry and each IP VExit in respect of which the Shipper has submitted a Valid IP Nomination.

  • Title and risk in Natural Gas delivered by a Shipper at an IP Entry Point or at an Entry Point to the Transportation System shall pass (in accordance with the provisions of this Code) to the Transporter at the relevant point of delivery in respect of such IP Entry Point, Entry Point or IP VEntry (as the case may be).

  • The provisions of this Section 1.13 to 1.16 shall not apply with respect to IP VEntry Nominations or IP VExit Nominations or IP CSEP Offtake Nominations.2. ALLOCATIONS2.1 General 2.1.1 All Allocations (other than IP Allocations which shall be made in accordance with Section 3) shall be made in accordance with the remaining provisions of this Section 2.

  • Notwithstanding that a Shipper shall be notified of a Reduced Daily Interruptible IP VEntry Capacity in respect of a Day the Shipper shall remain liable to pay all charges with respect to the Shipper’s Booked Daily Interruptible IP VEntry Capacity in respect of the Day.

  • Where the Transporter publishes the Reduced Available Daily Interruptible IP VEntry Capacity in respect of a Day before a Rolling Day Ahead Interruptible IP Capacity Auction with respect to such Day.

Related to IP VEntry

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