
In order to provide a firm service, a capacity booking is required. Typically the Shipper will have provided a life of field profile for inclusion in the commercial agreement and will confirm their capacity requirement at least 12 months in advance of the start of each gas contract year commencing 1st October. There will be some flexibility to modify the life of field profile within this process.
Such bookings have balancing terms attached for:
These terms are normally negotiated at the same time so as to arrive at an equitable position for both parties.
Force Majeure relief from Send or Pay generally applies to both parties.
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