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. 86 Original Sheet No. 86 : Effective

Joseph A. Vaszily, Vice President

GENERAL TERMS AND CONDITIONS

(continued)

21. PROPERTY INSURANCE ON STORED LNG AND FACILITY

Customer shall carry property insurance on its LNG stored in KLNG's

facility, and provide KLNG with a certificate of insurance

satisfactory to KLNG. KLNG shall carry property insurance on KLNG's

facility. KLNG and Customer shall each make provision with their

respective property insurers to the end that such insurers shall

waive all rights of subrogation against the other party in the event

of physical damage or loss covered by their respective property

insurance policies referred to in this section above. Upon request,

KLNG and Customer shall each provide the other with a copy of the

current waiver of subrogation required by this section.

22. POSSESSION OF GAS

22.1 Delivery Controls. As between KLNG and Customer, KLNG shall

be deemed to be in control and possession of the gas after

receipt by KLNG into its facility, until it shall have been

delivered to or for the account of Customer, after which

Customer shall be deemed to be in control and possession

thereof.

22.2 Responsibility. Customer shall have no responsibility with

respect to any gas after its delivery into KLNG's storage

facility except (i) as provided in Section 20 of these General

Terms and Conditions, and (ii) to provide property insurance

as set forth in Section 21 of these General Terms and

Conditions, until it is delivered to Customer or for

Customer's account, and KLNG shall have no responsibility with

respect to such gas prior to its delivery into KLNG's storage

facility, or after its delivery to Customer or for Customer's

account.