Gulfstream Natural Gas System, L.L.C.

Original Volume No. 1

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Effective Date: 05/21/2002, Docket: CP00- 6-004, Status: Effective

Original Sheet No. 45 Original Sheet No. 45 : Effective

 

 

 

RATE SCHEDULE PALS

Parking and Lending Service

(CONTINUED)

 

 

4.2 In the event parked quantities remain in Transporter's

pipeline system and/or loaned quantities have not been

returned to Transporter's pipeline system at the

expiration of any Agreement executed by Shipper and

Transporter, Transporter and Shipper may mutually agree

to an extended time frame and/or modified terms,

including the rate, of such Agreement. In the event

that Shipper and Transporter are unable to come to such

Agreement, Transporter shall notify Shipper, and Shipper

shall nominate for removal of the parked quantities

and/or return of the loaned quantities within the time

frame specified in Transporter's notice, which in no

instance shall be less than one (1) Day. Any parked

quantity not nominated for removal within the time frame

specified by Transporter's notice shall become the

property of Transporter at no cost to Transporter, free

and clear of any adverse claims. Any loaned quantities

not nominated to be returned within the time frame

specified by Transporter's notice shall be sold to

Shipper at Transporter's Cashout Price at the >25%

Imbalance Level for Imbalances Due Transporter, pursuant

to Section 8.7(b) of the General Terms and Conditions.

 

Any penalty revenues received by Transporter as a result of

the operation of Section 4.2 above will be credited pursuant

to Section 24.1(b) of the General Terms and Conditions.

 

5. COMMISSION AND OTHER REGULATORY FEES

 

Shippers will reimburse Transporter for any separately stated

fees required by the Commission or any other federal or any

state regulatory body.

 

6. GENERAL TERMS AND CONDITIONS

 

All of the General Terms and Conditions of this Tariff are

specifically incorporated into this Rate Schedule.