Garden Banks Gas Pipeline, LLC

Original Volume No. 1

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Effective Date: 06/01/1997, Docket: RP97-310-002, Status: Effective

First Revised Sheet No. 110 First Revised Sheet No. 110 : Effective

Superseding: Original Sheet No. 110

GENERAL TERMS AND CONDITIONS

 

 

(c) RELEASING SHIPPER's Offer: A RELEASING SHIPPER's

Offer shall be considered complete, inter alia, if

the following standard information is included:

 

(1) the name of the RELEASING SHIPPER, and the

name, telephone number and facsimile number

of a contact party for the RELEASING SHIPPER;

 

(2) the contract number(s) of the RELEASING

SHIPPER's Service Agreement(s);

 

(3) whether the release is permanent or

temporary;

 

(4) if a temporary release,

 

(i) whether the release is firm or subject

to a right of recall;

 

(ii) if subject to recall, the identifiable

conditions(s) precedent upon which the

recall right will be asserted;

 

(iii) if subject to recall, whether the

reservation charge paid by the

ACQUIRING SHIPPER is to be pro rated

for any days on which the capacity is

actually recalled;

 

(iv) if subject to recall, whether or not

the RELEASING SHIPPER will reput the

capacity to the acquiring Shipper at

the end of the terms of the recall of

capacity.

 

(5) the duration of the posting period for bids

in accordance with Section 19.9;

 

(6) the numeric quantity of capacity per day to

be released and whether bids for less than

the full quantity offered are acceptable;