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. 207 Original Sheet No. 207 : Effective

GENERAL TERMS AND CONDITIONS

28. POLICY WITH RESPECT TO FEES AND CONSTRUCTION OF LATERAL

FACILITIES con't

28.3 Billing

Any monetary reimbursement due Transporter by Shipper

pursuant to Section 28.1 shall be due and payable to

Transporter within ten (10) Days of receipt by Shipper

of Transporter's bills for same; provided, however,

subject to Transporter's written consent such monetary

reimbursement, plus carrying charges thereon, may be

amortized over a mutually agreeable period not to

exceed the primary contract term of Shipper's Service

Agreement. Carrying charges shall be computed

utilizing interest factors acceptable to both

Transporter and Shipper.

28.4 Open Season

Prior to the proposed construction of facilities,

Transporter shall hold an open season during which

Shippers may submit capacity requests for the project.

Transporter shall apply a non-discriminatory method of

allocating the available capacity and shall also

solicit permanent capacity release offers and take such

offers into consideration in determining the size of

the new facilities.