Transfer of services

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 contracted invoice for this 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 still be sent to the selling party.

GTS is informed of transfers via the PRISMA Platform Secondary Trading. Important is to have the relevant GTS NetWork Point Number + the valid GTS Booking ID (= 8000xxxxxx)  at hand, because these need to be inserted to create a trade proposal. Under NC TAR there will be no trading fee applicable. The fixed fee for the seller per transfer no longer applies. Transfers are a free system service.

The exit capacity contracted by an EWEX should be transferred to the shipper/supplier with whom the EWEX 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 Trading 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.