Sea Robin Pipeline Company, LLC

Second Revised Volume No. 1

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Effective Date: 10/01/2007, Docket: RP07-683-000, Status: Effective

First Revised Sheet No. 155 First Revised Sheet No. 155 : Effective

Superseding: Original Sheet No. 155

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

9. CAPACITY RELEASE (Continued)

 

(c) All bids must be expressed in dollars and cents or percents

of maximum rate, whichever is stated in the Shipper Notice,

include the required bid information and must be received

and posted electronically through the Messenger system.

Bids shall be posted on the Messenger system with any

contingencies identified and with the bidder's identity

deleted.

 

(d) A bidder may submit only one bid at a time in response to a

Shipper Notice. A bidder may withdraw its bid through the

Messenger system at any time prior to the close of the

posting period specified in the Shipper Notice without

prejudice to its submitting another bid with an economic

value equal to or greater than the economic value of the

withdrawn bid.

 

(e) Where there is a PRS and a bid which is better than the

bid submitted by the PRS, Sea Robin will notify

the PRS by 2:00 p.m. on the Day capacity is

awarded and the PRS will have until 2:30

p.m. to match the better bid and obtain the

right to the released capacity. Sea Robin shall issue an

Addendum to the PRS unless a better bid, as defined in

Section 9.2(a)(11) herein, is received within the time

period specified in the posting. In the event the PRS does

not match the better bid, Sea Robin shall issue an Addendum

to the party who made the best bid.

 

(f) All bids not withdrawn prior to the close of the posting

period specified in the Shipper Notice shall be binding.

 

(g) In the event that a winning bid has a contingency, and Sea

Robin is not notified through the Messenger system that

such contingency has been removed within the time period

specified in the Shipper Notice, such contingent bid will be

rejected by Sea Robin.