Nautilus Pipeline Company, LLC

Original Volume No. 1

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Effective Date: 04/05/2010, Docket: RP10-475-000, Status: Effective

Original Sheet No. 78 Original Sheet No. 78

 

GENERAL TERMS AND CONDITIONS

 

 

"Negotiated Rate(s)" means a rate provision under which

Transporter and Shipper have agreed on the amount to be charged

for the service under Rate Schedule FT-1, FT-2, FT-3, PSH or IT-1

which results in a rate (including but not limited to Transporter

Use Gas) where, for all or a portion of the contract term, one or

more of the individual components of such rate exceeds or may

exceed the applicable maximum rate or is less than or may be less

than the applicable minimum rate (including but not limited to in

the form of surcharges, credits, refunds or return of credits or

refunds). Any Service Agreement entered into after the effective

date of this subsection which provides for a rate under Rate

Schedule FT-1, FT-2, FT-3, PSH or IT-1 other than the applicable

maximum rate shall contain a provision setting out the mutual

agreement of the parties as to whether the pricing terms represent

a discounted rate or a Negotiated Rate.

 

"Negotiated Rate Formula" means a rate formula provision under

which Transporter and Shipper have agreed will be applied to

service under Rate Schedule FT-1, FT-2, FT-3, PSH or IT-1 which

results in a rate (including but not limited to Transporter Use

Gas) where, for all or a portion of the contract term, one or more

of the individual components of such rate exceeds or may exceed

the applicable maximum rate or is less than or may be less than

the applicable minimum rate (including but not limited to in the

form of surcharges, credits, refunds or return of credits or

refunds). Any Service Agreement entered into after the effective

date of this subsection which provides for a rate under Rate

Schedule FT-1, FT-2, FT-3, PSH or IT-1 other than the applicable

maximum rate shall contain a provision setting out the mutual

agreement of the parties as to whether the pricing terms represent

a discount rate or a rate pursuant to a Negotiated Rate Formula.

 

"Recourse Rate" means the generally applicable maximum tariff

rates and surcharges set forth on currently effective Tariff Sheet

No. 9.