Southern LNG Inc.

Original Volume No. 1

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Effective Date: 08/01/2009, Docket: RP09-857-000, Status: Effective

First Revised Sheet No. 84 First Revised Sheet No. 84

Superseding: Original Sheet No. 84

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

LNG, if any, that the Releasing Customer fails to withdraw (or

transfer to another Customer) from the offered capacity by the

effective date of the release. The Releasing Customer and Acquiring

Customer shall administer the sales transaction at the offered

price; Southern LNG's only responsibilities consist of (i) notifying

both parties of the volume of LNG remaining in the released storage

capacity, as that volume becomes known by Southern LNG; and (ii)

effecting the transfer of that volume on its books as it relates to

each customer's LNG.

 

(3) Once a Releasing Customer's Offer is posted, the offer remains

binding until withdrawn by the Releasing Customer at any time during

the bid period when (i) unanticipated circumstances justify and (ii)

no minimum bid has been made.

 

(4) For releases that become effective on or after July 30, 2008, the

release of firm capacity must commence within one (1) year of the

date upon which Southern LNG is notified if the reservation charge

requirement is in excess of the maximum tariff rate and the term of

the proposed release is for one (1) year or less.

 

(c) Releasing Customer's Offer:

 

A Releasing Customer's Offer shall include, among other things, the

following standard information:

 

(1) the name of the Releasing Customer;

 

(2) the Rate Schedule under which Customer proposes to release capacity;

 

(3) the contract number(s) of the Releasing Customer's Service

Agreement(s);