Gulf South Pipeline Company L P

Sixth Revised Volume No. 1

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Effective Date: 05/14/2010, Docket: RP10-601-000, Status: Effective

Fourth Revised Sheet No. 2701 Fourth Revised Sheet No. 2701

Superseding: Substitute Third Revised Sheet No. 2701

GENERAL TERMS AND CONDITIONS

Section 20

(Continued)

(2) Trading at Storage Facilities - Unless Gulf South

posts on its Internet Web Site that it is unable to

allow trades at storage facilities during certain

periods due to operational constraints, Customers may

offset imbalances using trades at Gulf South storage

facilities or at non-Gulf South storage facilities.

Any trades utilizing Gulf South's Magnolia storage

facility or a third party storage facility will

require transportation as described below. Trades

with storage may only be made up to the total net

position for all shippers on Gulf South for the

applicable month and such trades must reduce the net

system imbalance position. On or before the ninth

(9th) business day of the month, Gulf South will post

on its Internet Web Site the net imbalance (long or

short imbalance) on its system for the previous

month. Trades with storage shall be completed by the

seventeenth (17th) business day of the month the

Customer was notified of their imbalance position.

Transportation necessary to perform a storage trade

must be nominated no later than the seventeenth

(17th) business day to be considered valid and

completed by the end of the month in which the trade

was made. Any imbalance remaining at the end of such

month may be handled as provided in (B) below.

Trades with storage will be administered on a first-

come, first-served basis.

(a) Imbalance Due To Customer Trades at Gulf

South's Bistineau Storage Facility - When a

transportation imbalance is traded with a Gulf

South storage Customer with injections to the

FSS-B or ISS Customer's inventory (Bistineau

inventory only)and transportation deliveries

on the FTS, ITS, FTS-SSO or FTS-SCO Customer's

contract, the FSS-B or ISS Customer will be

charged the usage injection rate and fuel

retainage on the injection. The FTS, ITS,

FTS-SSO, FTS-SCO, NNS or NNS-SCO Customer will

be charged the average system rate plus any

applicable surcharges, as reflected in ITS

Rate Schedule, or such other agreed upon rate.