Chandeleur Pipe Line Company

Second Revised Volume No. 1

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Effective Date: 10/01/2002, Docket: RP02-411-002, Status: Effective

Fifth Revised Sheet No. 32 Fifth Revised Sheet No. 32 : Effective

Superseding: Fourth Revised Sheet No. 32

GENERAL TERMS

AND CONDITIONS

7.0 FIRM CAPACITY RELEASE UNDER ORDER NO. 636 (Cont'd)

7.1 General Requirements (cont'd)

(2) For biddable releases (1 year or more):

-- offers should be tendered by 12:00

P.M. four Business Days before award;

-- open season ends no later than 1:00

P.M. on the Business Day before

timely nominations are due (open

season is three Business Days);

-- evaluation period begins at 1:00 P.M.

during which contingency is

eliminated, determination of best bid

is made, and ties are broken;

-- evaluation period ends and award

posting if no match required at 2:00

P.M.;

-- match or award is communicated by

2:00 P.M.;

-- match response by 2:30 P.M.;

-- where match is required, award

posting by 3:00 P.M.;

-- contract issued within one hour of

award posting (with a new contract

number, when applicable); nomination

possible beginning at the next

available nomination cycle for the

effective date of the contract.