Gulf South Pipeline Company L P

Sixth Revised Volume No. 1

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Effective Date: 06/09/2006, Docket: RP06-355-001, Status: Effective

Original Sheet No. 3702A Original Sheet No. 3702A : Effective

 

GENERAL TERMS AND CONDITIONS

Section 30

(Continued)

 

 

 

 

(d) Before a Potential Customer ("Bidder") can submit a bid, it

must satisfy Gulf South's credit requirements as set forth

in Section 5. Bids and revisions which increase existing

bids may be submitted and shall be binding upon the bidder.

Any bid must meet or exceed the minimum bid rate posted by

Gulf South. All bids must be submitted via Gulf South's

Internet Web Site, unless otherwise directed, and include

the following:

 

(i) the Bidder's name;

 

(ii) the rate the Bidder is willing to pay;

 

(iii) the desired term for the service;

 

(iv) the quantity of the posted capacity upon which the

Bidder is bidding.

 

 

(e) Within five (5) business days after the end of the posting

period, Gulf South shall provide the original Customer with

the terms (rate and term) of the "Best Bid" which Gulf

South is willing to accept. Gulf South shall determine the

"Best Bid" based upon the highest rate bid. If Gulf South

receives valid bids of equal rate, the Best Bid shall be

the bid with the longest term.