05.07.2009
A document setting out the terms of the contract between the exporter of the goods and the carrier, under which the freight is to be transported from the port of shipment to that of destination.
Such as the bilateral transit contract between Russia and Ukraine according to which Ukraine must guarantee the unhindered transportation of energy resources over its territory to Europe
A market that has only one seller (monopolist) and only one buyer (monopsonist)
Trading whereby two parties – for example a generator and supplier – enter into a contract to deliver electricity at an agreed time in the future
A legal commitment for one party to purchase and another party to sell; for example, a direct contract between a power producer and a user. A written statement signed by two parties that specifies the terms for exchanging energy