Southeast Supply Header, LLC

Original Volume No. 1

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Effective Date: 09/04/2008, Docket: CP07-44-005, Status: Effective

Original Sheet No. 314 Original Sheet No. 314

 

GENERAL TERMS AND CONDITIONS

(CONTINUED)

 

25. CAPACITY RELEASE PROVISIONS (continued)

 

25.1 Procedure. (continued)

 

(o) Obligations of Replacement or Prearranged Shippers. The

Replacement or Prearranged Shipper must satisfy all other

provisions of this Tariff governing Shipper eligibility and

must execute all required agreements and acknowledgements

before it may contract with Transporter for the released

capacity. In addition, as a pre-requisite to becoming a

Replacement or Prearranged Shipper, a party must have been

placed by Transporter on Transporter's pre-approved bidder

list that is posted on the LINK® System. To be placed on

such list, a party must have been accepted by Transporter as

satisfying the credit standards of Section 27 of these

General Terms and Conditions, must have executed a Capacity

Release Umbrella Agreement and must continue to satisfy the

credit standards of Section 27 when its bid is made and

accepted or it is offered as a Prearranged Shipper, as

applicable. Transporter shall process requests for credit

approval with diligence. Any previously listed party that

fails to continue to satisfy the standards of Section 27

shall be deleted from the list. Transporter will waive the

credit requirements of Section 27 on a non-discriminatory

basis for Replacement or Prearranged Shipper and permit

such Replacement or Prearranged Shipper to submit bids, if

the Releasing Shipper provides Transporter with a guarantee

or other form of credit assurance in form and substance

satisfactory to Transporter of all financial obligations of

the Replacement or Prearranged Shipper with respect to the

capacity being released by Releasing Shipper prior to the

commencement of service to the Replacement or Prearranged

Shipper if the release is pre-arranged and not subject to

bidding or prior to the close of the bid period if the

release is subject to bidding requirements of this Section

25. Any bid submitted will legally bind the Replacement or

Prearranged Shipper to the terms of the bid if Transporter

chooses such bid as the Best Bid until written or electronic

notice of withdrawal is received by Transporter. Bids

cannot be withdrawn after the bid period ends. Once the

Replacement or Prearranged Shipper is awarded capacity, the

Replacement or Prearranged Shipper becomes an existing

Shipper like any other Shipper and is subject to the

applicable provisions of Transporter's Tariff, including,

but not limited to, Transporter's billing and payment and

operational provisions.