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.