Nautilus Pipeline Company, LLC

Original Volume No. 1

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Effective Date: 09/01/2005, Docket: RP05-498-000, Status: Effective

First Revised Sheet No. 186 First Revised Sheet No. 186 : Effective

Superseding: Original Sheet No.186

GENERAL TERMS AND CONDITIONS

 

 

22. SHIPPERS' RELEASE OF FIRM CAPACITY con't

 

 

(3) Prior to submitting a bid on a Permanent Release

of capacity offered by a Releasing Shipper, the bidder

must submit to Transporter on its Interactive Internet

Website a valid request for the released capacity on

which the bidder intends to submit a bid.

 

(4) Prior to submitting a bid on a Temporary Release

of capacity offered by a Releasing Shipper, the bidder

must request and execute a Temporary Capacity Release

Service Agreement. The parties shall execute the

Temporary Capacity Release Service Agreement

electronically, followed by written execution as soon

as possible thereafter. The terms of each winning bid

shall be set forth on Exhibit "A" to the Replacement

Shipper's applicable Temporary Capacity Release Service

Agreement.

 

(5) In the event a party wishes to bid on an offer

that requires a prepayment, the bidder must make the

prepayment to Transporter by the deadline established

in the offer. If the bidder is awarded the capacity on

which it bids and fails to pay Transporter for the

applicable charges due under its Temporary Capacity

Release Service Agreement in any Month, Transporter

shall credit the prepayment, up to the amount owed by

the Replacement Shipper for such charges, to both the

Replacement Shipper's bill and the Releasing Shipper's

bill. If the bidder is not awarded the capacity on

which it bids, or all or part of the prepayment remains

after a successful capacity release transaction is

over, the bidder or Replacement Shipper may request a

refund of the remaining prepayment by submitting a

request in writing to Transporter. If the bidder or

Replacement Shipper does not request a refund, the

remaining prepayment shall be available for use in

connection with future bids by that party.