Destin Pipeline Company, L.L.C.

Original Volume No. 1

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Effective Date: 02/23/2009, Docket: RP09-251-001, Status: Effective

Sub Third Revised Sheet No. 103 Sub Third Revised Sheet No. 103

Superseding: Third Revised Sheet No. 103

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

Section 18.3(c) (continued)

 

elects to post for competitive bidding. Under either type

of non-posted release, the RELEASING SHIPPER and its

ACQUIRING SHIPPER shall notify COMPANY electronically on

Company's Interactive Internet Website of the terms of the

release. It is provided, however, that the offer and bid

for a prearranged release of capacity on a permanent basis

shall be entered into Company's Interactive Internet

Website by 5:00 p.m. two business days prior to the

nomination deadline for the effective date of the release.

The ACQUIRING SHIPPER must also be prequalified pursuant to

he requirements of Section 18.6(e) below. COMPANY shall

post on Company's Internet Web Site the terms of a release

entered into under this Section 18.3(c) as soon as

possible, but no later than the first nomination cycle

after the release transaction commences.

 

(b) For purposes of applying any rate cap applicable to

capacity releases under Section 18.3(b) or (c), the maximum

rate shall be the maximum rate set forth in the applicable

Rate Schedule, except that no maximum rate limitation

applies to a release of capacity for a period of one year

or less if the release is to take effect on or before one

year from the date on which COMPANY is notified of the

release.

 

18.4 RELEASING SHIPPER's and ACQUIRING SHIPPER's

Obligations:

 

(a) ACQUIRING SHIPPER: To bid on capacity offered under one of

the types of Temporary Releases set forth in Section

18.3(b) above, the bidder must be preapproved for credit

and have an executed FT-1 firm transportation Service

Agreement (sometimes referred to herein as Service

Agreement), as more particularly set forth in Section

18.6(e) below. To bid on capacity for a Permanent Release

under Section 18.3(a) above, the bidder must be preapproved

for credit, as more particularly set forth in Section

18.6(e) below. Any bid