Gulf South Pipeline Company L P
Sixth Revised Volume No. 1
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Effective Date: 10/08/2008, Docket: RP08-603-000, Status: Effective
Third Revised Sheet No. 3704 Third Revised Sheet No. 3704
Superseding: Second Revised Sheet No. 3704
GENERAL TERMS AND CONDITIONS
Section 30
(Continued)
(g) If the original Customer declines to match the Best Bid,
Gulf South shall prepare a new service agreement setting
forth the terms and conditions of the Best Bid for the
Bidder with the Best Bid ("Winning Customer"), for
execution. If the Winning Customer fails to execute the
new service agreement within ten (10) business days of Gulf
South's tender, the Winning Customer will forfeit all right
and entitlement to the subject capacity. Gulf South shall
have the ability to re-sell the capacity, and the Winning
Customer, which failed to timely execute the service
agreement, will be required to pay the difference between
the contract rate as established by the Best Bid) and the
price received for the capacity when it is re-sold
multiplied by the volumes of the Winning Bid.
(h) Gulf South shall provide the original Customer notice if
Gulf South does not receive bids during the bidding period,
or does not accept any bids. Following such notice, Gulf
South and the original Customer may negotiate the rate and
term under which service will continue. No discount or
other special terms shall apply to the new service
agreement unless Gulf South and the original Customer
mutually agree. The original Customer may require Gulf
South to enter into a service agreement for a cost-based
service at the applicable maximum rate and for the term of
at least one (1) year. Such contract shall commence on the
date the existing service agreement expires.
(i) Any service agreement negotiated or required pursuant to
paragraph (h) above must be executed by the original
Customer within 30 calendar days following notice that no
bid(s) were received or accepted. Absent such execution,
Gulf South shall have the ability to re-sell the capacity
to any party. The existing service agreement shall
terminate at the end of its term and shall be automatically
abandoned upon such termination.