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. 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.