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. 800 Original Sheet No. 800

 

GENERAL TERMS AND CONDITIONS

Section 11

 

 

11. AUCTION PROCEDURES

 

11.1 Auction Process

 

When Gulf Crossing auctions capacity, such capacity will be

auctioned pursuant to the procedures set forth in this Section.

 

(a) Gulf Crossing will post a notice to its Internet Web Site

announcing the date of the capacity auction. In no

instance will this notice be less than 24 hours prior to

the commencement of the auction for any firm service. For

interruptible services, the notice will be posted by 10:00

A.M. on the Business Day the auction is to commence. The

notice will outline the auction start time(s), all steps

necessary to participate / bid in the auction, and will

describe each package of capacity ("Package") to be

auctioned including the following information, as

applicable:

 

(i) the rate schedule for the auctioned capacity;

(ii) the quantity;

(iii) point(s) / Primary Point Pair(s)

(iv) the term

(v) the rate form of the bid (recourse rate or

negotiated rate).

(vi) the minimum / maximum reservation charge

(vii) that capacity is subject to matching of the best bid

by either the customer submitting the original

service request or the customer having a right of

first refusal.

(viii) any additional information necessary to describe the

auction and/or capacity

 

(b) Before a Potential Customer ("Bidder") can submit a bid, it must

satisfy Gulf Crossing's creditworthiness requirements as set forth

in Section 5. Any entity may seek pre-approval under Gulf

Crossing's credit requirements.