TransGas Comprehensive Tariff
DEFINITIONS OF TEP TRADE AND STORAGE INVENTORY TRANSFER STATUS IN THE SECURE ZONE TEP Trade and Storage Inventory Transfers can be initiated by either the buyer or seller. The initiator enters the second party’s mnemonic, business party number or business party name and can edit the quantity, dates and their contract, while the transfer has a status of NEW. Once the Nomination has been forwarded to the second party, the initiator can no longer edit the transaction. The second party may edit their contract only, and only if there is more than one contract to select from. This is the only potential editable field on a Nomination with a status of PENDING, and the only status that allows the second party to edit at all. An initiator can delete TEP Trades or Storage Inventory Transfers that are in status of NEW or have validation errors. Once transfer has been submitted as Pending, it can be rejected, accepted or withdrawn but cannot be deleted. See definitions below for further detail: Initiator Status − NEW – A TEP Trade or Storage Inventory Transfer that has been created by the New or Copy function and has not been submitted to the database. Nominations with a status of NEW can be edited. Only the initiating party can edit a NEW TEP Trade or Storage Inventory Transfer. − PENDING – A TEP Trade or Storage Inventory Transfer has been submitted to the second party using the Submit function, but has not been accepted or rejected by the confirming party. − REJECTED – A TEP Trade or Storage Inventory Transfer can be rejected by confirming party if they do not agree to the quantity or dates entered by initiating party. Once rejected, TEP Trade or Storage Inventory Transfer cannot be edited and a new TEP Trade or Storage Inventory Transfer may be required. − PROCESSED – A TEP Trade or Storage Inventory Transfer that has been successfully submitted and validated by both parties. This will be processed and scheduled, unless another TEP Trade overrides it. − WITHDRAWN – TransGas has withdrawn the TEP Trade or Storage Inventory Transfer after the Trade was in a PROCESSED status. This would be requested to TransGas by both the initiating party and the confirming party. Second Party Status − PENDING – A TEP Trade or Storage Inventory Transfer has been forwarded by the initiating party using the Submit function and is awaiting authorization by the second party. The initiating party will see a status of PENDING; the second party will also see a status of PENDING. From this point forward, the Nomination is displayed for both parties. − REJECTED – A TEP Trade or Storage Inventory Transfer can be rejected by confirming party if they do not agree to the quantity or dates entered by initiating party. Once rejected, trade or transfer cannot be edited and a new trade or transfer may be required. − INVALID – Error exists when confirming party attempts to submit trade or transfer as transfer has failed validations.
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Business Practices Overview 1.3 General Business Policies
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