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. 166 Original Sheet No. 166 : Effective
GENERAL TERMS AND CONDITIONS
(Continued)
11. RIGHT OF FIRST REFUSAL (Continued)
11.3 Sea Robin will notify Shipper of the best bid received in an
arm's length transaction, which Sea Robin is willing to accept
and Shipper shall have a specified time, but no less than
fifteen (15) days, within which it must match the price
percentage and contract term, not to exceed five (5) years,
offered in the best bid in order to retain its firm capacity.
If Shipper matches the best bid, Sea Robin and Shipper will
enter into a new FTS Agreement reflecting the terms of
Shipper's matching bid. If Shipper fails to match the best bid
within the time allowed by Sea Robin, Shipper's existing FTS
Agreement will be subject to pregranted abandonment upon the
effective termination date of Shipper's FTS Agreement and Sea
Robin will enter into a new FTS Agreement of even date with the
party or parties offering the best bid.
11.4 In the event Sea Robin does not receive any bids for Shipper's
capacity or any bids which are acceptable to Sea Robin, Shipper
shall have the right to retain its firm capacity at the maximum
rate applicable thereto, or any discount agreed to by Sea
Robin, for an additional term as requested by Shipper. If
Shipper refuses to renew its FTS Agreement at the maximum rate,
absent an agreement by Sea Robin to discount, said Service
Agreement shall be subject to pregranted abandonment on the
effective date of termination.
11.5 Upon completion of the foregoing process, Sea Robin shall
notify all bidders through Messenger of the outcome of such
process.
11.6 If Shipper gives notice to terminate its FTS Agreement pursuant
to the provisions contained therein, said Service Agreement
shall be subject to pregranted abandonment on the effective
date of Shipper's termination notice.