Common use of Shortfall Quantities Clause in Contracts

Shortfall Quantities. 6.1.1 In respect of each CT Agreement if on a Gas Day, for reasons other than failure of the Shipper to deliver Gas at the Entry Point (while the Transporter is in compliance with the GTA), or any failure of the Shipper to offtake Gas at the Exit Point (while Transporter is in compliance with the CT Agreement) which may occurs due to the following reasons (a) the Transporter fails to schedule the Daily Nominated Quantities (DNQ) such that the Scheduled Quantity at the Exit Point is less than the DNQ; or (b) the Transporter fails to provide the Transportation Services for the Scheduled Quantity, or (c) the Shipper rejects Gas that Transporter delivers at the Exit Point that fails to conform to the Specifications (unless the failure to meet Specifications at the Exit Point is due to Shipper’s delivery of Gas at the Entry Point that did not meet Specifications unless accepted by Transporter in accordance with the Operating Code, 6.1.2 In respect of any Day of CT Agreement the Shortfall Quantity shall be determined as below: (a) 90% of the lower of DNQ or MDQ at Exit Point for a Day as reduced by quantities not transported as a consequence of reductions from the MDQ on account of Force Majeure or Annual Planned Maintenance or in circumstances where the Transporter is expressly excused pursuant to the or as a result of Shipper’s breach of its obligations under GTA; minus (b) Shipper’s Allocated Quantity at that Exit Point for the relevant day.

Appears in 1 contract

Sources: Gas Transportation Agreement

Shortfall Quantities. 6.1.1 In respect of each CT Agreement if on a Gas Day, for reasons other than failure of the Shipper to deliver Gas at the Entry Point (while the Transporter is in compliance with the GTA), or any failure of the Shipper to offtake Gas at the Exit Point (while Transporter is in compliance with the CT Agreement) which may occurs due to the following reasons (a) the Transporter fails to schedule the Daily Nominated Quantities (DNQ) such that the Scheduled Quantity at the Exit Point is less than the DNQ; or (b) the Transporter fails to provide the Transportation Services for the Scheduled Quantity, or (c) the Shipper rejects Gas that Transporter delivers at the Exit Point that fails to conform to the Specifications (unless the failure to meet Specifications at the Exit Point is due to Shipper’s delivery of Gas at the Entry Point that did not meet Specifications unless accepted by Transporter in accordance with the Operating Code, 6.1.2 In respect of any Day of CT Agreement the Shortfall Quantity shall be determined as below: (a) 90% of the lower of DNQ or MDQ at Exit Point for a Day as reduced by quantities not transported as a consequence of reductions from the MDQ on account of Force Majeure or Annual Planned Maintenance or in circumstances where the Transporter is expressly excused pursuant to the or as a result of Shipper▇▇▇▇▇▇▇’s breach of its obligations under GTA; minus (b) Shipper▇▇▇▇▇▇▇’s Allocated Quantity at that Exit Point for the relevant day.

Appears in 1 contract

Sources: Gas Transportation Agreement