code of operations part d nominations, allocations and ... - Gaslink

(j)Where a Shipper has submitted a Renomination in accordance withSection 1.2.5 which specifies a Renominated Quantity in excess of suchShipper’s Active Capacity:(i)(ii)the Transporter shall be entitled to determine that suchRenomination is not acceptable and accordingly reject theRenomination; orif within two hours of the Transporter receiving the Renomination:(1) the Transporter has not notified the Shipper of itsdetermination, the Renomination shall be deemed to havebeen approved for processing by the Transporter; or(2) the Transporter notifies the Shipper that the Renomination hasnot been rejected on the basis that it specifies a RenominatedQuantity in excess of the Shipper’s Active Capacity, then,subject to the Transporter’s subsequent right of revocationpursuant to Section 1.5.1, the Renomination may be approvedby the Transporter for processing and thereafter accepted bythe Transporter in accordance with Section 1.2.5(i).(k)Where the Transporter has neither approved nor rejected aRenomination which has been submitted by a Shipper in accordance withthis Section 1 within two (2) hours of its receipt by the Transporter:(i)(ii)the Renomination (other than a CSEP Exit Renomination) shall bedeemed to be approved for processing by the Transporter inaccordance with Section 1.2.5(f); orthe CSEP Exit Renomination shall be deemed to be rejected.(l)Where the Transporter rejects a Renomination, the prevailing ValidNomination or Valid Renomination shall remain in place.1.2.6 IBP Nominations(a)A Shipper may make an IBP Nomination where:(i)(ii)in the case of an IBP Sell Nomination, it holds in aggregate ActiveEntry Capacity on the Day which is at least equal to the NominatedQuantity specified in the IBP Sell Nomination; andin the case of an IBP Buy Nomination, it holds in aggregate ActiveExit Capacity on the Day which is at least equal to the NominatedQuantity specified in the IBP Buy Nomination. For the avoidanceof doubt a Shipper’s Sub-Sea I/C Offtake Capacity shall not be orbe deemed to be Active Exit Capacity for the purpose of IBP BuyNominations.Code of Operations Version 3.018Part D