Cheniere Creole Trail Pipeline, L.P.

Original Volume No. 1

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Effective Date: 04/28/2008, Docket: RP08-137-000, Status: Effective

Original Sheet No. 176 Original Sheet No. 176 : Pending

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

2. Releases Not Subject to Bidding

 

If the Releasing Shipper notifies Transporter in the Release Notice that it

has prearranged a Replacement Shipper and if no other party is eligible to bid

for the release, Transporter will award the eligible capacity to the

Prearranged Shipper upon the prearranged Replacement Shipper's confirmation.

 

H. Posting of Awards:

 

After the awarding of bids for eligible capacity, Transporter shall post the

winning bid(s), any minimum conditions, and the identity of the winning

bidder(s). For biddable releases subject to recall, Transporter shall make

available to the Releasing Shipper information to enable the Releasing Shipper

to contact the Replacement Shipper in the event of a capacity recall.

 

I. Issuance of Contracts

 

Within one hour of the award of the eligible capacity, Transporter will issue

to the Replacement Shipper the capacity release Addendum, reflecting the terms

of the Replacement Shipper's bid. If all the information provided by the

Releasing Shipper, Replacement Shipper is valid, the Replacement Shipper is

creditworthy, and there are no special terms or conditions, Transporter shall

execute the Addendum or Service Agreement, as applicable, at the same time.

For Permanent Releases, Transporter will issue a new Service agreement within

thirty (30) days after the award. The new service agreement will supersede the

Addendum.

 

J. Rights and Obligations of the Replacement Shipper

 

1. Any bid submitted shall bind the Replacement Shipper to the terms of the

bid if Transporter awards the eligible capacity, in whole or in part, to the

Replacement Shipper. The Replacement Shipper shall therefore be obligated to

execute the capacity release Addendum or Service Agreement, as applicable,

that Transporter issues.

 

2. Once the eligible capacity has been awarded, the Replacement Shipper may

submit nominations pursuant to Section 10 of the General Terms and Conditions

beginning with the next available nomination cycle for the effective date of

the release.