Transfer of services
Entry and exit capacity are tradable via the PRISMA Platform Secondary Trading. Two types of transfer are possible: full transfer of all rights and obligations (assignment) and transfer of usage rights alone (transfer of use).
Where full transfer applies, all the rights and obligations for the agreed period go from the seller to the buyer, i.e. the whole contractual position including the usage rights. The capacity becomes part of the shipper portfolio of the buying party who will receive the invoice for the transferred capacity.
Where transfer of usage rights applies, the selling party remains the contract holder and only the usage rights and any related agreements will be transferred from the selling party to the buying party. The invoice for the contracted capacity will be sent to the selling party.
GTS is informed of transfers via the PRISMA Platform Secondary Trading. The trading tariff (see appendix 1c of the current TSC) consists of a fixed fee per transfer. This transfer fee will be charged to the seller.
The exit capacity contracted by an AMEX should be transferred to the shipper/supplier with whom the AMEX has concluded a gas supply contract by means of an assignment or a transfer of use. For these transfers, the AMEX does not need to make use of the PRISMA platform, but can make use the of the transfer forms for this purpose on our website.
The transfer should preferably take place at least 10 working days prior to the start date of the service, so the month in which the gas transmission will start. In addition, the shipper/supplier to whom the capacity is transferred has the obligation to send a switch message to GTS at least 5 working days prior to the start of the supply.
PRISMA Secondary Tranding can support both types of transfer according to different procedures:
- Over the Counter [OTC]: This is a bilateral agreement between two shippers which is ultimately authenticated via PRISMA.
- Call for Order [CFO] (buy or sell): The initiating shipper creates a trade proposal to buy or sell capacity and other shippers can place an offer to buy or sell capacity from which the initiating shipper can choose.
- First Come First Server [FCFS] (buy or sell): The initiating shipper creates a trade proposal to buy or sell capacity and other shippers can accept that trade proposal.
PRISMA Secondary Trading offers shippers the opportunity to make use of a self-created trader list. This is a shippers own list with his preferred parties to trade with.
The monthly factors and tariffs relating to the original booking will continue to apply to both the selling and the receiving party.