Garden Banks Gas Pipeline, LLC

Original Volume No. 1

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Effective Date: 05/01/2000, Docket: RP00-272-000, Status: Effective

Third Revised Sheet No. 113 Third Revised Sheet No. 113 : Effective

Superseding: Second Revised Sheet No. 113

GENERAL TERMS AND CONDITIONS

 

19.6 Offer and Bid Procedures

 

19.6(d) Prearranged Release (cont'd):

 

If the prearranged ACQUIRING SHIPPER's bid matches

the better bid, the prearranged ACQUIRING SHIPPER

shall be deemed to have made the best bid.

 

"Essential terms" for all purposes of Section 19.6

for bids or for the matching of any bid shall be

determined solely by the RELEASING SHIPPER

consistent with the terms posted by the RELEASING

SHIPPER for such bids or the matching of any such

bid. In the event of a dispute with respect to

whether a bid has met the essential terms posted

by RELEASING SHIPPER or whether prearranged

ACQUIRING SHIPPER has matched a bid, Transporter

shall bear no liability. Where a dispute arises

with respect to a bid or a matching of a bid by a

prearranged ACQUIRING SHIPPER, Transporter shall

not be obligated to provide services with respect

to any capacity to be released pursuant to the

RELEASING SHIPPER's Offer to any party having

submitted a bid or having attempted to match a bid

until such dispute has been fully resolved. In

this case the RELEASING SHIPPER shall remain

liable to Transporter for all obligations under

its transportation agreements including those

associated with the capacity the RELEASING SHIPPER

sought to release to the prearranged ACQUIRING

SHIPPER until the dispute is, in the judgment of

the Transporter, resolved.

 

Transporter shall post on its Internet Web Site

the winning bid and the identity of the winning

bidder pursuant to Section 19.9. In the event of

a dispute with respect to such bid or the matching

of such bid, Transporter shall indicate the

existence of such dispute but shall not post the

identity of the winning bidder until the dispute

is fully resolved.