Viking Gas Transmission Company

First Revised Volume No. 1

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Effective Date: 02/01/2009, Docket: RP09-279-000, Status: Effective

Third Revised Sheet No. 73A Third Revised Sheet No. 73A

Superseding: Second Revised Sheet No. 73A

 

GENERAL TERMS AND CONDITIONS

 

 

21. RELEASES OR ASSIGNMENTS OF FIRM TRANSPORTATION AGREEMENTS (Continued)

 

21.4 Posting of Release Requests and Replacement Shipper Requests (Continued)

 

(a) Releasing Shipper shall post all applicable information required by

Subsection 21.1 of these General Terms and Conditions on Company's System,

which system will automatically assign an individual release number to

such release. The period of time for posting of the information ("Posting

Period"), and the period of time during which bids will be received on

such release ("Bidding Period"), shall be as set forth in Subsection 21.8

of these General Terms and Conditions.

 

(b) Releasing Shipper may withdraw its release up to the close of the

applicable Bidding Period; provided, however, withdrawal will not be

allowed if a valid bid(s) meeting the Releasing Shipper's minimum

requirements has been submitted unless such Releasing Shipper can

demonstrate a valid basis for such withdrawal which does not work to

unduly discriminate against Bidders.

 

The releasing party has the right to withdraw its offer during the bid

period, where unanticipated circumstances justify and no minimum bid has

been made. [5.3.16/v1.0]

 

(c) Replacement Shipper shall post all applicable information required by

Subsection 21.2 of these General Terms and Conditions on Company's System.

Such requests shall remain posted for a period of four weeks or until a

transaction is effected, whichever is the shorter period.

 

(d) Capacity release facilitator should post offers and bids, including

prearranged deals, upon receipt. A Releasing Shipper may request a later

posting time for posting of such offer, and the capacity release service

facilitator should support such request insofar as it comports with the

standard Capacity Release timeline specified in NAESB WGQ Standard

No. 5.3.2. Company makes no representation or warranty to any party

concerning the accuracy or completeness of any posted information or

concerning the willingness or ability of any Releasing Shipper to release

transportation rights hereunder or of any Replacement Shipper to accept

transportation rights hereunder. Company shall not be liable to any party

for any damages, of any nature whatsoever, including without limitation

any special, incidental, or consequential damages or any other kind that

may arise in connection with the posting of information hereunder, except

that resulting from the negligence, bad faith, fraud or willful misconduct

of Company. [5.3.24/v1.0]