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. 181 Original Sheet No. 181 : Pending

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

Notifications by Transporter shall be through the concurrent sending of

electronic notification to two Internet E-mail addresses. Shipper is

responsible for providing current addresses to transporter. Failure of Shipper

to maintain current addresses on file with transporter will relieve

Transporter of this obligation. The Releasing Shipper shall submit recall or

reput notification to Transporter using Transporter's electronic bulletin

board.

 

5. If the Releasing Shipper releases its capacity, in whole or in party,

for the remaining term the Releasing Shipper's Service Agreement, the

Releasing Shipper shall have no further responsibility or obligation under the

Service Agreement for the capacity released, if the Replacement Shipper has

agreed to pay rates equal to the rates the Releasing Shipper pays under the

Service Agreement and the Replacement Shipper is creditworthy at the time of

the release. If the Replacement Shipper agrees to pay rates that are less than

the Releasing Shipper pays, the Releasing Shipper shall remain responsible for

the difference in reservation charges owned under its Service Agreement and

what the Replacement Shipper pays unless (1) the Releasing Shipper agrees to

pay Transporter as an exit fee a lump sum payment for the difference between

the rates the Releasing Shipper is obligated to pay and the rates the

Replacement Shipper has agreed to pay for the remaining term of the Service

Agreement and (ii) if the Releasing Shipper is obligated to pay the maximum

rates applicable, the Replacement Shipper and Transporter agree on a mechanism

to adjust the rates offered by the Replacement

 

Shipper to reflect subsequent rate adjustments accepted by FERC. If the

Replacement Shipper is not creditworthy at the time of the release, the

Releasing Shipper shall remain responsible for all charges under the Service

Agreement unless and until the Replacement Shipper establishes its

creditworthiness in accordance with Section 17 (Creditworthiness) of these

General Terms and Conditions.