Gulf Crossing Pipeline Company LLC
Original Volume No. 1
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Effective Date: 03/01/2009, Docket: RP09-303-000, Status: Effective
First Revised Sheet No. 1051 First Revised Sheet No. 1051
Superseding: Original Sheet No. 1051
GENERAL TERMS AND CONDITIONS
Section 16
(Continued)
16.2 Types of Release
The terms and conditions of all releases shall be posted on Gulf
Crossing's Internet Web Site as soon as possible, but not later
than the first nomination after the release transaction commences
including such information for releases that are exempt from
bidding.
(a) Permanent Release
A Releasing Customer may release all or part of its firm
capacity under a firm transportation service agreement for
the entire remaining term of such agreement ("Permanent
Release") pursuant to the provisions hereof. A Permanent
Release is an assignment to the Replacement Customer of
capacity and any associated rights of the Releasing
Customer under Section 10.
A Permanent Release shall not be complete until execution
of a transportation service agreement covering the capacity
subject to the permanent release at a rate at least equal
to the rate provided under the Releasing Customer's service
agreement. Upon completion, the Releasing Customer shall
be responsible only for those charges under its
transportation service agreement incurred with respect to
the released capacity prior to the effective date of the
Permanent Release, and for any charges it continues to
incur for firm capacity not subject to the Permanent
Release.