Southern LNG Inc.

Original Volume No. 1

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Effective Date: 03/01/2010, Docket: RP10-271-000, Status: Effective

Second Revised Sheet No. 38 Second Revised Sheet No. 38

Superseding: First Revised Sheet No. 38

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

(ii) For Firm Service, the maximum storage quantity (MSQ) requested;

 

(iii) For Firm Service, the requested term (duration) of service, including

proposed commencement and termination dates;

 

(iv) A certification by potential Customer that potential Customer has entered

into or will enter into those arrangements necessary to assure that all

downstream transportation will be in place prior to the commencement of

service under a Service Agreement with Southern LNG;

 

(v) A certification by potential Customer that potential Customer has received

from the United States Government all necessary authorizations for the lawful

import of all volumes that Southern LNG will receive for potential Customer;

 

(vi) A certification by potential Customer that potential Customer has title or a

current contractual right to acquire title to LNG to be received for

potential Customer by Southern LNG;

 

(vii) Details and specification of vessel(s) potential Customer proposes to use;

 

(viii) Most recent audited financial statements, annual report, Form 10-K (or other

filings with regulatory agencies that discuss potential Customers financial

status), a list of affiliates, and three (3) credit references and the names

of two representatives who are authorized to receive notices regarding

potential Customer's creditworthiness, including the e-mail addresses of such

representatives, in order to enable Southern LNG to evaluate potential

Customers creditworthiness. Written requests and response for this credit

information should be provided by e-mail, unless other forms of communication

are otherwise agreed upon by Southern LNG and potential Customer. The

obligation of Southern LNG to provide creditworthiness notification is waived

until potential Customer provides Southern LNG with e-mail addresses. The

potential customer shall manage internal distribution of any such

confirmations (NAESB 0.3.7 & 0.3.10);

 

(ix) The affiliation, if any, of potential Customer with Southern LNG; and

 

(x) The source and quality of LNG, including heat content in Btu/scf, expected to

be received.