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. 186 Original Sheet No. 186 : Effective

 

 

 

GENERAL TERMS AND CONDITIONS

(CONTINUED)

 

 

(n) 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 1LineSM. To be placed on such list, a

party must have been accepted by Transporter as

satisfying the credit standards of Section 28 of these

General Terms and Conditions, must have executed a

Master Service Agreement and must continue to satisfy

the credit standards of Section 28 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 28 shall be deleted from the list.

Transporter will waive the credit requirements of

Section 28 on a non-discriminatory basis for

Replacement or Prearranged Replacement 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 Replacement Shipper with

respect to the capacity being released by Releasing

Shipper prior to the commencement of service to the

Replacement or Prearranged Replacement 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 26.

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. Once the Replacement or Prearranged

Replacement Shipper is awarded capacity, the

Replacement or Prearranged Shipper becomes an existing

Shipper like any other Shipper and is subject to the