Nautilus Pipeline Company, LLC

Original Volume No. 1

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Effective Date: 12/01/1997, Docket: CP96-790-003, Status: Effective

Original Sheet No. 176 Original Sheet No. 176 : Effective

 

GENERAL TERMS AND CONDITIONS

 

 

22. SHIPPERS' RELEASE OF FIRM CAPACITY con't

 

capacity, the Replacement Shipper must

satisfy all of Transporter's requirements

relating to Rate Schedule FT-1. Once the

Replacement Shipper electronically executes

its Service Agreement to implement a

Permanent Release, the Replacement Shipper

becomes an existing Shipper with separate

firm contract quantities like any other

Shipper and is subject to the applicable

provisions of Transporter's Tariff,

including but not limited to Transporter's

billing and payment and operation

provisions.

 

(2) Temporary Release. To bid on capacity

offered under a Temporary Release set forth

in Section 22.3(b) above, the bidder must

be preapproved for credit and have an

executed Temporary Capacity Release Service

Agreement (sometimes referred to herein as

"Service Agreement"), 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withdrawn by the end of the bid period will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 if Transporter chooses such bid as the

"best bid" under Section 22.9 below.

Before a Replacement Shipper may execute a

Service Agreement with Transporter to

utilize released Rate Schedule FT-1, FT-2

or FT-3 capacity, the Replacement Shipper

must satisfy all of Transporter's

requirements relating to Rate Schedule

FT-1. Once a bid on an offer for a

Temporary Release of capacity under Section

22.3(b) is accepted, the Replacement

Shipper agrees that the Addendum and