Nautilus Pipeline Company, LLC

Original Volume No. 1

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Effective Date: 03/01/2009, Docket: RP09-330-000, Status: Effective

Sixth Revised Sheet No. 192 Sixth Revised Sheet No. 192

Superseding: Fifth Revised Sheet No. 192

 

GENERAL TERMS AND CONDITIONS

 

 

22. SHIPPERS' RELEASE OF FIRM CAPACITY con't

 

accepted. Transporter shall post on its Interactive

Internet Website the details of the winning bid and the

Replacement Shipper's name pursuant to the provisions of

Section 22.11. Such notice shall stay on the Interactive

Internet Website for at least thirty (30) days.

 

(f) If no bids are submitted by the date upon which all bids are

due, the Releasing Shipper's offer shall be removed from

Transporter's Interactive Internet Website.

 

22.10 Offers to Purchase Firm Capacity

 

Transporter agrees to post on its Interactive Internet Website at

a party's request offers to purchase firm capacity on a permanent

or temporary basis. Each offer will remain on the Interactive

Internet Website for five (5) Business Days before it is removed,

unless the requesting party notifies Transporter prior to the

expiration of any five (5) Day period that it wishes to extend the

posting for an additional five (5) Business Days.

 

22.11 Capacity Release Timeline

 

The Capacity Release Timeline is applicable to all parties

involved in the capacity release process; subject to the provision

of this Section 22 if:

 

(i) all information provided by the parties to the

transaction is valid and the Replacement

Shipper has been determined to be creditworthy

before the capacity release is tendered and

 

(ii) there are no special terms or conditions to the

release.

 

For biddable releases (1 year or less):

 

- offers should be tendered by 12:00 P.M. on a Business Day;

 

- open season ends no later than 1:00 P.M. on a Business Day

(evaluation period begins at 1:00 P.M. during which contingency

is eliminated, determination of best bid is made, and ties are

broken);

 

- evaluation period ends and award posting if no match required at

2:00 P.M.;