Gulf Crossing Pipeline Company LLC
Original Volume No. 1
Contents / Previous / Next / Main Tariff Index
Effective Date: 12/20/2008, Docket: RP09-61-000, Status: Effective
Original Sheet No. 754 Original Sheet No. 754
GENERAL TERMS AND CONDITIONS
Section 10
(Continued)
If the original Customer timely matches the Best Bid, Gulf
Crossing shall prepare a service agreement, to be effective
on the date the existing service agreement expires, setting
forth the terms and conditions of the Best Bid. Gulf
Crossing shall submit such service agreement to the
Customer at least ten (10) Business Days prior to the
expiration of the existing service agreement.
If the original Customer fails to timely match the Best Bid
or does not execute the new service agreement, the existing
service agreement shall terminate at the end of its term.
Service to the original Customer shall be automatically
abandoned upon such termination.
(f) If the original Customer declines to match the Best Bid,
Gulf Crossing shall prepare a service agreement setting
forth the terms and conditions of the Best Bid for the
Bidder with the Best Bid ("Winning Customer"), to be
effective on the date the existing service agreement
expires. Gulf Crossing shall submit such service agreement
to the Winning Customer at least ten (10) Business Days
prior to the expiration of the existing service agreement.
If the Winning Customer fails to execute the new service
agreement within ten (10) Business Days of Gulf Crossing's
tender, the Winning Customer will forfeit all right and
entitlement to the subject capacity. Gulf Crossing shall
have the ability to re-sell the capacity, and the Winning
Customer , which failed to timely execute the service
agreement, will be required to pay the difference between
the service agreement rate (as established by the Best Bid)
and the price received for the capacity when it is re-sold
multiplied by the volumes of the Winning Bid.