Annual Contract Quantity

Submitted by webmaster on Thu, 2018-07-26 11:40
Annual Contract Quantity

The Annual Contract Quantity (ACQ) is the volume of gas which the Seller must deliver and the Buyer must take in a given contract year. It may be expressed as a discreet number or as a multiple of the Daily Contract Quantity. In practice, many contracts are written in forms which allow the Buyer to take considerably below the stated ACQ. See also Downward Quantity Tolerance.

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