Prospective Shipper definition
Examples of Prospective Shipper in a sentence
Specifically, the Prospective Shipper recognizes having been made fully acquainted with the TSO’s statement of business principles as available at the TSO’s websites.
Both GRTgaz and the Prospective Shipper undertake to maintain the confidentiality of the Confidential Information disclosed by the other Party.
By signing this Confidentiality Agreement, the Prospective Shipper agrees to conduct any business that may be contemplated pursuant to this Confidentiality Agreement in a manner that is consistent with both law and good business ethics.
Confidential Information may be obtained from or pursuant to discussions with GRTgaz or the Prospective Shipper and/or from any of their respective affiliates, representatives, advisers or consultants or from their respective management or employees (“Relevant Parties”) or otherwise.
The Prospective Shipper acknowledges that the TSO‘s corporate policy requires that TSO‘s business be conducted within the letter and spirit of the law including the applicable European and domestic regulations and the good business practices commonly recognized in the gas industry.
GRTgaz and adjacent operators are assessing the demand for interconnection capacity between their respective market areas, in the framework of which the Prospective Shipper has indicated its interest for transmission services (“Project”)., as provided for under article 26 of the Commission Regulation (EU) No 459/2017 of 16 March 2017 establishing a Network Code on Capacity Allocation Mechanisms in Gas Transmission Systems and repealing Commission Regulation (EU) No 984/2013 (“CAM Network Code”).
Neither the Prospective Shipper nor any of its Relevant Parties nor any other person or body acting on behalf of the Prospective Shipper or any of its Relevant Parties shall make, permit or solicit any announcement, communication or disclosure concerning the Project and/or any extension of it without the prior written consent of GRTgaz.
As such, the Prospective Shipper agrees that GRTgaz may exchange and/or share the Confidential Information with involved grid operators , to the extent necessary to coordinate investments in transmission capacity and to allow for a co-ordinated allocation of capacity by GRTgaz and the involved grid operators as well as to the competent regulatory authorities in the framework of the Market Demand Assessment.
In furtherance of the Project, GRTgaz and CREOS shall jointly launch an open season (the Open Season), in the framework of which the Prospective Shipper has indicated its interest for transmission services offered through the Open Season.
Both CREOS and the Prospective Shipper undertake to maintain the confidentiality of the Confidential Information disclosed by the other Party.