Beach terms | Practical Law

Beach terms | Practical Law

Beach terms

Beach terms

Practical Law UK Glossary w-002-1781 (Approx. 4 pages)

Glossary

Beach terms

As used for gas, the Standard Terms and Conditions for the Sale and Purchase of Natural Gas for UK Short Term Deliveries at the Beach 2000 (Beach 2000) or Standard Terms and Conditions for the Sale and Purchase of Natural Gas For U.K. Short Term Deliveries At The Beach Sub Terminals Using A 0500 Hours To 0500 Hours Gas Day (Beach 2015 (5:5)). Under Beach terms delivery takes place at one of the national transmission system (NTS) entry terminals, known as the "beach". These terms were updated in 2015 (Beach 2015 (5:5)) alongside the NBP terms. The new terms are published by the Joint Office of Gas Transporters (see Joint Office of Gas Transporters: Standard Terms and Conditions (Beach 2015 (5:5)). For more information, see Practice note, Downstream gas industry: overview.