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. 317 Original Sheet No. 317

 

GENERAL TERMS AND CONDITIONS

(CONTINUED)

 

25. CAPACITY RELEASE PROVISIONS (continued)

 

25.4 Marketing Fee. Transporter shall be entitled, upon Releasing

Shipper's request, to actively market the capacity available for

release on Releasing Shipper's behalf. Transporter and Releasing

Shipper will negotiate the terms and conditions upon which

Transporter will market the Releasing Shipper's capacity.

 

25.5 Permanent Releases. A Shipper which has a currently effective

executed Agreement with Transporter under Transporter's Rate

Schedule FTS may release, pursuant to the procedures specified in

this Section 25, all or any part of its firm capacity to a

Replacement Shipper for the remaining primary term of the

contract and be relieved of all liability under its Agreement

prospectively from the effective date of such release, provided

that the following conditions are satisfied:

 

(a) The Replacement Shipper submits a request for service

electronically via the LINK® System and executes a new

Agreement under the applicable Rate Schedule;

 

(b) The Replacement Shipper agrees that the minimum bid

acceptable to Transporter shall be a bid for the remainder

of the term of Releasing Shipper's Agreement at the rate(s)

Releasing Shipper is obligated to pay Transporter for the

capacity to be permanently released and accepts all

obligations of the Releasing Shipper;

 

(c) The Replacement Shipper meets all of the credit- worthiness

requirements contained in Section 27 of the General Terms

and Conditions of Transporter's Tariff.

 

(d) Transporter may refuse to allow a permanent capacity

release if it has a reasonable basis to conclude that it

will not be financially indifferent to the release. If

Shipper's request to permanently release capacity is denied

by Transporter, Transporter shall notify Shipper via e-mail

and shall include in the notification the reasons for such

denial.