Sea Robin Pipeline Company, LLC

Second Revised Volume No. 1

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Effective Date: 12/31/2004, Docket: RP05- 87-000, Status: Effective

Original Sheet No. 143 Original Sheet No. 143 : Effective

 

 

GENERAL TERMS & CONDITIONS

(Continued)

 

 

6. TRANSPORTATION BALANCING (Continued)

 

6.7 Contract Imbalance Trading

 

(a) Shipper may authorize contract imbalances to be posted for

trading after contract imbalance netting pursuant to Section

6.1 above.

 

(b) Authorizations to post imbalances that are received by Sea

Robin by 11:45 a.m. shall be effective by 8:00 a.m. the next

Business Day. Imbalances authorized for posting shall be

posted on or before the ninth (9th) Business Day of the

Month.

 

(c) Sea Robin shall provide the ability to post and trade

imbalances until at least the close of the seventeenth

(17th) Business Day of the Month.

 

(d) When trading imbalances, a Quantity must be specified.

Imbalances must be traded with imbalances in the opposite

direction and such trade must move Shipper's imbalance

closer to zero.

 

(e) Sea Robin shall enable the imbalance trading process by:

 

. Receiving the request for imbalance trade;

 

. Receiving the imbalance trade confirmation;

 

. Sending the imbalance trade notification; and

 

. Reflecting the trade prior to or on the next monthly

Shipper imbalance or cashout.

 

(f) Imbalance trades can only be withdrawn by the initiating

Shipper and only prior to the confirming Shipper's

confirmation of the trade. Imbalance trades are considered

final when confirmed by the confirming Shipper and

effectuated by Sea Robin. Imbalance trades shall be deemed

to be effectuated when Sea Robin sends the imbalance trade

notification.