PSV definition
Examples of PSV in a sentence
Given the above, the Natural Gas delivered at PSV is supplied by the Seller to the Buyer without applying neither the excise duty nor the ARISGAM.
In addition each Party represents and warrants that such Party shall only communicate to the other Party an Applicable Code at PSV that is such Party’s PSV code issued to it by SRG under the PSV Contract to operate on the PSV System.
It is understood that, also in case of delay by the Customer in providing the above mentioned communication, the Fixed Amount payment obligation under this Contract shall apply from the start date of the Total Supply Period at PSV.
For the sake of clarity the Scheduling at PSV shall be carried out without netting or aggregating with the contract quantities of other gas sale and purchase agreements at PSV, unless this is prevented by the operating rules of SRG at PSV, in which case the Parties agree to extend, mutatis mutandis, the provisions of this Article 8.2 to the receipts and deliveries of Natural Gas at PSV as well.
In case the Buyer at PSV has an excise code, because either it is a Natural Gas supplier to an end-user or it is itself an end-user, burner or consumer of Natural Gas, provided the relevant conditions of article n.