Keyspan LNG, LP (Alng)

Third Revised Volume No. 1

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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.