Keyspan LNG, LP (Alng)

Third Revised Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 01/27/2003, Docket: RP03-241-000, Status: Effective

Original Sheet No. 43 Original Sheet No. 43 : Effective

 

Joseph A. Vaszily, Vice President

 

GENERAL TERMS AND CONDITIONS

(continued)

 

 

5. OPERATING CONDITIONS (continued)

 

Customer shall correct any imbalance in deliveries and receipts

within thirty days, except as otherwise agreed in writing between

the parties.

 

6. TRANSFER OR REMOVAL OF INVENTORY

 

6.1 Customers may transfer the ownership of stored LNG among one

another, subject to the following conditions:

 

(a) Both the Customer that is transferring the LNG inventory (the

"Transferor" and the Customer that is obtaining the ownership

of the LNG (the "Transferee") must have executed service

agreements under Rate Schedule FST-LG or IST-LG.

 

(b) The transfer does not cause the Transferee's Storage Inventory

Balances to exceed the sum of (i) its Contract Storage

Quantity and (ii) any Authorized Overrun Quantities nominated

and scheduled.

 

(c) The Transferor must notify KLNG's dispatcher of the transfer

in ownership prior to the deadline for nominations provided in

Sections 4 & 5 of the General Terms and Conditions.

 

(d) The Transferor and the Transferee will provide confirmation of

such transfer of ownership to KLNG in writing within three

days.

 

6.2 Removal. If (a) a Customer's storage quantity is curtailed under

Section 18 of these General Terms and Conditions, (b) a Customer's

storage quantity is released or recalled from release under Section

14 of these General Terms and Conditions, (c) a Customer's service

agreement terminates or (d) Customer's LNG is of a composition or

quality incompatible with Section 9 of these GT&C, then Customer

shall remove its LNG inventory at the maximum rate achievable by

KLNG's facilities commencing (i) at the earliest practicable time

following notice by KLNG but no later than twenty-four hours

following such notice, in the event of curtailment; (ii) upon the

effectiveness of the release, in the event of a capacity release

under Section 14; (iii) at the time specified in the notice of

recall, in the event of a capacity recall under Section 14; or (iv)

upon the termination of the service agreement, in the event of a

termination. If the Customer fails to so remove such LNG then KLNG

may, at its option, take title to such LNG free and clear of any