Crossroads Pipeline Company

First Revised Volume No. 1

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Effective Date: 11/01/2001, Docket: RP02- 14-000, Status: Effective

Original Sheet No. 148 Original Sheet No. 148 : Superseded

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

14. RELEASE AND ASSIGNMENT OF SERVICE RIGHTS

 

The procedures set forth in this Section governing the release and assignment of service rights by

Shippers shall apply to all services offered by Transporter for which such right is provided in the applicable

Rate Schedule. A Shipper under such applicable Rate Schedule may release and assign all or any portion of the

service under its Service Agreement. Any Shipper accepting such assignment ("Replacement Shipper") must be

listed on Transporter's Approved Bidders List, must have executed an Electronic Contracting Agreement with

Transporter, and must be an authorized EBB user complying with all conditions and requirements set forth in

the General Terms and Conditions and in the applicable Rate Schedule and Service Agreement.

 

14.1 Initiating the Release and Assignment.

 

(a) Electronic Bulletin Board. The release and assignment of service rights by Shipper shall be

facilitated through Transporter's EBB, described at Section 2 (Electronic Bulletin Board) of the General Terms

and Conditions. As explained below, Shippers seeking to release and assign firm service rights ("Releasors")

shall post offers to release and notices of prearranged assignments through Transporter's EBB. Potential

Replacement Shippers also may post offers to purchase service rights and bids for capacity noticed by

Releasors through Transporter's EBB. Such postings shall be made through the interactive features of

Transporter's EBB. Transporter reserves the right to request modifications or deletions of all or any portion

of postings that do not conform to the requirements of Section 14.1(b) below; provided, however, that

Transporter shall have no responsibility for any errors, omissions, or other aspects of these postings from

third parties on its EBB.

 

(b) Release Notice. Releasor may initiate the assignment of the service rights it is seeking to

release and assign by electronically transmitting the information specified below to Transporter's EBB

("Release Notice"). Such electronic Release Notice shall contain the following information regarding the

capacity that Shipper is seeking to release:

 

(1) Releasor's identity, the Rate Schedule under which Releasor seeks to release capacity,

and the contract number assigned by Transporter to the Service Agreement under which Shipper seeks to

release capacity;

 

(2) whether release is on a temporary or permanent basis;

 

(3) the numeric quantity on a per day basis for transportation, and the term (duration);

 

(4) the receipt and delivery points;

 

(5) any applicable recall provisions relating to the proposed release, and whether the

Replacement Shipper will have the option to refuse the capacity after recall has ended;

 

(6) any minimum conditions concerning the rate, term, or volume that the releasing shipper

is willing to accept (and that Releasor wishes to have posted on Transporter's EBB), or a statement

that it has separately revealed to Transporter any such minimum conditions, which shall be posted

following the close of bidding;