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.