Gulf South Pipeline Company L P

Sixth Revised Volume No. 1

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Effective Date: 10/01/2002, Docket: RP02-421-000, Status: Effective

First Revised Sheet No. 2442 First Revised Sheet No. 2442 : Effective

Superseding: Substitute Original Sheet No. 2442

GENERAL TERMS AND CONDITIONS

Section 17

(Continued)

 

5.3.31 Transportation Service Providers which support capacity release

should accept and process uploads of capacity release offers from

releasing shipper(s) (or its authorized third party service

provider), provided the offer is received by the Transportation

Service Provider at their designated site no later than 15 minutes

prior to the respective deadline specified in GISB Standard No.

5.3.2. Such received offer, if determined to be valid, should be

posted as an Offer and should be available for bidding by the

posted-by deadline and start of bidding time specified (for the

received Business Day) in GISB Standard No. 5.3.2 or the Releasing

Shipper's specified Business Day (if later than the received

Business Day).

 

5.3.32 Transportation Service Providers which support capacity release

should accept and process uploads of capacity release bids from

potential acquiring shipper(s) (or its authorized third party

service provider), provided the bid is time-stamped as leaving

control of the bidder no later than the respective deadline as

specified in GISB Standard No. 5.3.2 and is received by the

Transportation Service Provider at their designated site no later

than fifteen minutes after such deadline. Such timely bid, if

determined to be valid, should be evaluated by the Transportation

Service Provider for the purpose of identifying the winning bidder

associated with the Offer upon which the bid was made.

 

5.3.33 When a Transportation Service Provider (TSP) receives an upload of

an offer or a bid in association with a deadline, it should

process such offer or bid (as applicable) and post valid offers or

bids (as applicable) for review within fifteen minutes and, in the

event such document is not valid, respond with the applicable

validation document to the applicable submitting party within

fifteen minutes. When a TSP receives an upload of an offer or a

bid not in association with a deadline, it should process and post

for review valid offer(s) or bid(s) (as applicable) which are

received prior to one quarter hour period by the end of the next

succeeding quarter hour period and, in the event such document is

not valid, respond with the applicable validation document to the

applicable submitting party by the end of the next succeeding

quarter hour period. The quarter hour periods are on the hour,

fifteen minutes after, thirty minutes after and forty-five minutes

after an hour.