Gulfstream Natural Gas System, L.L.C.
Original Volume No. 1
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Effective Date: 05/01/2003, Docket: CP00- 6-008, Status: Effective
First Revised Sheet No. 101 First Revised Sheet No. 101 : Effective
Superseding: Original Sheet No. 101
GENERAL TERMS AND CONDITIONS
In some instances, definitions are set forth in the Rate
Schedules, General Terms and Conditions and the Forms of Service
1.1 The term "Agreement" shall mean the agreement executed
by the Shipper and Transporter and any exhibits,
attachments and/or amendments thereto.
1.2 The term "Backhaul" shall mean the receipt and delivery
of Gas, which is accomplished by the Transporter's
delivery of Gas at point(s) which are upstream from the
point(s) at which Gas is received .
1.3 The term "Business Day" shall mean Monday through
Friday, excluding Federal Banking Holidays for
transactions in the United States, and similar holidays
for transactions in Canada and Mexico.
1.4 The term "BTU" shall mean one (1) British thermal unit,
the amount of heat required to raise the temperature of
one (1) pound of water from 58.5 degrees Fahrenheit to
59.5 degrees Fahrenheit, (BTU is measured and reported
on a dry basis at 14.73 psia and 60 degrees Fahrenheit).
1.5 The term "Cashout" shall mean the monetary settlement of
quantities of Gas owed to or by Transporter or third
parties, as further described in Section 8 of these
General Terms and Conditions.
1.6 The term "Cashout Party" shall mean any Shipper or other
contractually liable entity who has an imbalance under
any Agreement, which imbalance will be resolved in
accordance with Section 8 of these General Terms and
1.7 The term "Cashout Price" shall mean the price determined
pursuant to Section 8 of these General Terms and