B-R Pipeline Company

Original Volume No. 1

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Effective Date: 05/01/2004, Docket: RP04-224-000, Status: Effective

Original Sheet No. 103 Original Sheet No. 103 : Effective

 

20. CAPACITY RELEASE (Continued)

 

20.4 Open Seasons.

 

Bids shall be binding until written or electronic notice of withdrawal

is received by Transporter. (NAESB 5.3.13) Offers shall be binding

until written or electronic notice of withdrawal is received by

Transporter. (NAESB 5.3.14) Bids cannot be withdrawn after the bid

period ends. (NAESB 5.3.15)

 

The Releasing Shipper has the right to withdraw its

offer during the bid period, where unanticipated circumstances

justify and no minimum bid has been made. (NAESB 5.3.16)

 

Transporter shall allow re-releases on the same terms and basis as the

primary release (except as prohibited by regulations). (NAESB 5.3.19)

 

A Releasing Shipper shall not be able to specify

an extension of the original bid period or the pre-arranged deal

match period, without posting a new release. (NAESB 5.3.25)

 

A Releasing Shipper has the choice to specify dollars and

cents or percents of maximum tariff rate in the denomination of

bids. Once the choice is made by the Releasing Shipper, the bids should

comport with the choice. (NAESB 5.3.26)

 

For purposes of bidding and awarding, maximum/minimum rates specified

by the Releasing Shipper should include the tariff reservation rate

and all demand surcharges, as a total number or as stated separately.

(NAESB 5.3.27)