Nautilus Pipeline Company, LLC

Original Volume No. 1

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

First Revised Sheet No. 175 First Revised Sheet No. 175

Superseding: Original Sheet No. 175

 

GENERAL TERMS AND CONDITIONS

 

 

22. SHIPPERS' RELEASE OF FIRM CAPACITY con't

 

22.4 Releasing Shipper's and Replacement Shipper's Obligations

 

(a) Releasing Shipper. The Releasing Shipper shall remain fully

liable on its existing Service Agreement with the

Transporter for the payment of all applicable charges

related to the contract quantity which has not been

released, owing to Transporter each Month under the existing

Service Agreement, as well as for services performed for, or

penalties incurred by, the Releasing Shipper under its firm

Service Agreement with respect to any remaining capacity

thereunder.

 

(b) Replacement Shipper

 

(1) Permanent Release. To qualify as a Replacement

Shipper under a Permanent Release under Section

22.3(a) above, the bidder must be preapproved for

credit and have submitted an executed Transportation

Service Request Form, as more particularly set forth

below. Any bid submitted and not withdrawn by the end

of the bid period will legally bind the bidder to the

terms of the bid. Once a bid on an offer for a

Permanent Release of capacity under Section 22.6 is

accepted, the Replacement Shipper shall execute a

separate Service Agreement under Rate Schedule FT-1

with Transporter to utilize the capacity under the

terms set forth in the accepted bid and the GT&C of

Transporter's Tariff applicable to the capacity

released. Before a Replacement Shipper may execute a

Service Agreement with Transporter to utilize released

FT-1