Glossary entry (derived from question below)
French term
United Kingdom
à base DES
Le GNL sera acheté sur la base d’un prix du marché SPOT a base DES, de préférence, hors hiver selon le temps d’achat.
The LNG shall be purchased at the SPOT price.... and then I get a bit lost.
| 3 +4 | on a DES basis |
Tony M
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Non-PRO (1): GILLES MEUNIER
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Proposed translations
on a DES basis
Gas Pricing & Contracts - natgas.info
http://www.natgas.info/gas-information/what-is-natural-gas/g...
Delivered ex-ship (DES) basis, where the buyer takes ownership of the LNG at the receiving port. The seller is responsible for LNG delivery, and the contracted sales price includes insurance and transportation costs.
| Hi Tony, that looks absolutely spot on. There are references to other Incoterms abbreviations in the contract so that makes perfect sense. Thanks so much. |
| agree |
philgoddard
: Paula: "spot" is not an acronym, and should be written in lower case.
26 mins
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Thanks, Phil!
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| agree |
erwan-l
14 hrs
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Merci, Erwan !
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| agree |
Alberto Gómez Herrera
: Agree with this. Standard term for this context.
15 hrs
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Thanks, Alberto!
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| agree |
Ph_B (X)
: If that's what the text says - so be it and you're absolutely right./Indeed - thought it worth mentioning, just in case...
17 hrs
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Merci, Ph_B ! Sometimes, it's simply an historical document; but sometimes it's just an error!
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Discussion