Carry Forward
Submitted by webmaster on Thu, 2018-07-26 11:40
Carry Forward
A provision within a long term Take or Pay Contract under which a Buyer which takes more than its Annual Contract Quantity in any year is allowed, under conditions defined in the contract, to offset this against undertake in subsequent years which might otherwise have incurred some form of sanction, such as Take or Pay. Sometimes known as Advance Make Good.