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
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binding until withdrawn by the Releasing Customer at any time during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