Trunkline LNG Company, LLC

Second Revised Volume No. 1-A

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Effective Date: 08/01/2003, Docket: RP03-535-000, Status: Effective

Original Sheet No. 98 Original Sheet No. 98 : Effective

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

9. CAPACITY RELEASE (Continued)

 

(F) In the event of termination of a Replacement

Shipper's Addendum pursuant to Section 9.6(C) herein,

the released capacity related to such Addendum will

revert to the Releasing Shipper.

 

(G) Releasing Shippers may, to the extent permitted as a

condition of the capacity release, recall released

capacity. The recall notification to TLNG shall

specify the Quantity in terms of total released

capacity entitlements.

 

9.6 Rights and Obligations of Replacement Shipper

 

(A) Any bid submitted will bind Replacement Shipper or

PRS to the terms of the bid if TLNG selects such bid

as the best bid. If all the information provided by

the Releasing Shipper and the bidder/PRS is valid,

the Replacement Shipper is creditworthy, and there

are no special terms and conditions, TLNG will issue

and execute the Addendum to the Capacity Release

Service Agreement within one hour of awarding the

winning bid. The capacity release addendum number

will be issued within one hour of the award posting.

 

(B) Replacement Shipper may submit nominations pursuant

to Section 3 herein beginning at the next available

nomination cycle for the effective date of the

capacity release addendum; however, in no event will

service commence on Replacement Shipper's Service

Agreement prior to the effective date of the release

as posted in the Shipper Notice.

 

(C) Replacement Shipper is responsible for payment of the

Reservation Charge, and any surcharges thereon, in

the amount of its winning bid. Replacement Shipper

is also responsible for all other billings, e.g.,

usage rate and applicable usage surcharges. In the

event of payment default, subject to Section 15

herein, TLNG may elect to terminate that Replacement

Shipper's Capacity Release Service Agreement which

shall terminate all service thereunder.