Southern LNG Inc.

Original Volume No. 1

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Effective Date: 12/01/2001, Docket: CP99-582-004, Status: Effective

Original Sheet No. 90 Original Sheet No. 90 : Effective

GENERAL TERMS AND CONDITIONS

(Continued)

(4) the Reservation Charge bid for the released capacity or the Reservation

Charge bid at a volumetric rate per Dth if required by the Offer;

(5) whether the bidder is a Prearranged Bidder;

(6) the term for which the bid is being made, if the Offer allows bids on less

than the term offered;

(7) if the Offer allows bids on less than the full capacity offered, then the

capacity requested, expressed in MSQ;

(8) the bidder's Service Agreement number;

(9) if contingent bids are allowed by the Offer, then a description of the

contingency;

(10) the information required by Section 250.16 of the Commission's Regulations

(18 C.F.R. § 250.16) to the extent necessary to allow Southern LNG to comply

with its reporting/posting requirements.

A bidder may withdraw its bid on an Offer at any time prior to the end of the bid

period, but any subsequent bids submitted by the bidder on that Offer during the bid

period must equal or exceed the bidder's previous bid(s).

(g) Southern LNG's Initial Review:

Upon receipt of all bids, Southern LNG shall engage in an initial review to determine

the eligibility of each bid for consideration as the best bid. Any bid deemed

ineligible pursuant to this Section 16.6(g) shall be eliminated from consideration. A

bid shall be deemed ineligible if: