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

(CONTINUED)

 

 

1. DEFINITIONS

 

In some instances, definitions are set forth in the Rate

Schedules, General Terms and Conditions and the Forms of Service

Agreements.

 

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

Conditions.

 

1.7 The term "Cashout Price" shall mean the price determined

pursuant to Section 8 of these General Terms and

Conditions.