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. 72B Original Sheet No. 72B : Effective
GENERAL TERMS AND CONDITIONS
(continued)
14. CAPACITY RELEASE (continued)
the MDWQ, or such other lesser quantity acceptable to KLNG.
The
requirement to withdraw LNG shall be suspended on any day to
the
extent that KLNG cannot accommodate a nomination to withdraw
the
LNG quantities on such day. Customer may also transfer title
of
LNG remaining in Customer's inventory to another Customer
pursuant
to Section 6 of KLNG's General Terms and Conditions, provided
such
other Customer has an executed service agreement and that such
transfer does not cause such other Customer to exceed its
Contract
Storage Quantity specified in such service agreement. In the
event
Customer fails to withdraw its entire LNG inventory within the
time
required by this section, KLNG shall auction any remaining LNG
inventory and credit the proceeds of such sale to Customer,
net of
delivery charges and fuel, if applicable. Customer shall
indemnify
KLNG and hold it harmless from all costs, damages, and
liabilities
arising out of the failure of the Customer to remove such LNG
and
the disposal of such LNG by sale by KLNG, including storage
charges
under the applicable rate schedule. KLNG shall post such LNG
quantities on its electronic bulletin board and the Web site
on the
fifth business day following the fifteenth of the month. KLNG
shall
accept bids only during the time period from 7:00 a.m. until
11:00
a.m. CT on the seventh business day following the fifteenth of
the
month. Prior to 4:00 p.m. CT of the same day, KLNG shall
notify the
Customer submitting the highest bid. When the LNG is
purchased at
auction, Customer purchasing the LNG must provide
identification of
the existing storage service agreement with KLNG under which
Customer
shall store all such LNG quantities purchased. Customer
purchasing
the LNG agrees to pay the applicable storage rate on the LNG
quantities purchased beginning on the date the bid was
accepted at
auction.