Southern LNG Inc.

Original Volume No. 1

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Effective Date: 11/19/2007, Docket: RP08- 25-000, Status: Effective

First Revised Sheet No. 74 First Revised Sheet No. 74 : Effective

Superseding: Original Sheet No. 74

GENERAL TERMS AND CONDITIONS

(Continued)

 

Southern LNG will post the winning bid and bidder on SoNet within 48 hours after awarding the capacity.

 

If Southern LNG does not receive any bids for Customer's capacity or any bids, which are acceptable to

Southern LNG, then Customer shall have the right to retain its firm capacity at the maximum rate

applicable thereto, or any discount or negotiated rate agreed to by Southern LNG, for an additional

term as requested by Customer. In the event Customer matches the best bid at less than the maximum

rate or Southern LNG agrees to allow Customer to retain its firm capacity at a discounted or negotiated

rate for an additional term then, unless otherwise mutually agreed by Southern LNG and Customer with

respect to a negotiated rate, the new or amended Service Agreement shall no longer be subject to the

terms of this Section 15 upon termination of said agreement. If Customer refuses to renew its firm

Service Agreement at the maximum rate, absent an agreement by Southern LNG to discount, then Customer's

Service Agreement shall be subject to pregranted abandonment on the effective date of termination.

 

If Customer gives notice to terminate its firm Service Agreement pursuant to the provisions contained

therein, that Service Agreement shall be subject to pregranted abandonment on the effective date of

Customer's termination notice.