Gulf Crossing Pipeline Company LLC
Original Volume No. 1
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Effective Date: 12/20/2008, Docket: RP09-61-000, Status: Effective
Original Sheet No. 654 Original Sheet No. 654
GENERAL TERMS AND CONDITIONS
Section 8
(Continued)
(d) Execution of Service Agreement:
The Customer awarded capacity in (b) or (c) above must
execute a service agreement within two (2) Business Days
of its tender by Gulf Crossing if the service agreement
term is two (2) years or less or within five (5) Business
Days if the service agreement term is greater than two (2)
years unless otherwise agreed to. If the Customer fails
or refuses to execute the service agreement within the
applicable time period, the Customer shall forfeit all
rights and entitlement to the subject capacity. The
capacity will be offered to the bidder with the next
highest bid (as defined herein) and such bidder, if they
accept the offer, will be required to execute a service
agreement. Any Customer who fails to timely execute a
service agreement will be required to pay Gulf Crossing an
amount equal to the price difference between the best bid
when the capacity is resold and the price established in
Customer's best bid multiplied times the MDQ provided in
Customer's best bid.
(e) Upon Execution of a Service Agreement with Any Party:
Within forty-eight hours of the execution of a service
agreement, Gulf Crossing shall post on the Internet Web Site
the winning bid(s) and the winning bidder(s) name. This
information shall remain on the Internet Web Site for ninety
(90) Days.