Volume Commitment Shipper definition
Volume Commitment Shipper means a Committed Firm Shipper that commits to transport, or pay for, a specified Committed Volume on a monthly basis pursuant to the terms of a Volume Commitment TSA.
Volume Commitment Shipper means a Committed Shipper that commits to transport, or pay for, a specified Committed Volume on a monthly basis pursuant to the terms of a Volume Commitment TSA. A Volume Commitment Shipper receives Non-Firm Service at the applicable Volume Incentive Rate, but has the right under its Volume Commitment TSA to elect Committed Firm Service for all quantities up to the specified Committed Volume for any Proration Month(s) by paying the applicable Firm Rate. All quantities in excess of the specified Committed Volume receive Non-Firm Service.
Examples of Volume Commitment Shipper in a sentence
If, pursuant to the Open Season Procedures, Shipper shall increase its Minimum Volume Commitment, Shipper hereby authorizes CCPS to amend Attachment A hereto to reflect such increased Minimum Volume Commitment.
After Shipper shall have requested all or part of the Step-Up Volume Commitment, Shipper shall not thereafter be entitled to reduce such Step-Up Volume Commitment.