Nautilus Pipeline Company, LLC

Original Volume No. 1

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

Fifth Revised Sheet No. 192A Fifth Revised Sheet No. 192A

Superseding: Fourth Revised Sheet No. 192A

GENERAL TERMS AND CONDITIONS

22. SHIPPERS' RELEASE OF FIRM CAPACITY con't

- match or award is communicated by 2:00 P.M.;

- match response by 2:30 P.M.;

- where match required, award posting by 3:00 P.M.;

- contract issued within one hour of award posting (with a

new contract number, when applicable); nomination possible

beginning at the next available nomination cycle for the

effective date of the contract. (Central Clock Time)

For biddable releases (more than 1 year):

- offers should be tendered by 12:00 P.M. four Business Days

before award;

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

Day before timely nominations are due (open season is three

Business Days);

- 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.;

- match or award is communicated by 2:00 P.M.;

- match response by 2:30 P.M.;

- where match required, award posting by 3:00 P.M.;

- contract issued within one hour of award posting (with a

new contract number, when applicable); nomination possible

beginning at the next available nomination cycle for the

effective date of the contract. (Central Clock Time)

For non-biddable releases:

Timely Cycle

- posting of prearranged deals not subject to bid are due by

10:30 A.M.;

- contract issued within one hour of award posting