Nautilus Pipeline Company, LLC

Original Volume No. 1

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Effective Date: 12/01/1997, Docket: RP97-446-001, Status: Effective

Original Sheet No. 182A Original Sheet No. 182A : Effective

GENERAL TERMS AND CONDITIONS

22. SHIPPERS' RELEASE OF FIRM CAPACITY con't

(10) If bids on a volumetric rate basis are

acceptable, whether the volume bid is

minimum daily throughput commitment for

billing purposes, i.e., whether the

Replacement Shipper's monthly bill and the

Releasing Shipper's monthly credit will be

no less than the volume bid multiplied by

the volumetric rate bid multiplied by the

number of Days in the Month that the

release was in effect.