Home >  Term: open season
open season

Generally refers to a period of time when all parties are given equal consideration. Also, when a company becomes an open access transporter, it is generally expected to have an "open season" to accept bids for transportation. During that time all shippers are treated equally in the queue for service, with space divided on a pro rata basis. After the open season is over, shippers are generally treated on a first-come, first-served basis.

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  • ส่วนหนึ่งของคำพูด: noun
  • อุตสาหกรรม/ขอบเขต: Energy
  • Category: Natural gas
  • Company: AGA

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