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. 93 Original Sheet No. 93 : Effective

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

If the Releasing Customer fails to specify a tie-breaker, Southern LNG shall apply the

following tie-breakers in the order shown, if necessary:

 

(1) the bid generating the greatest present value of revenues over the shortest

term;

 

(2) the bid submitted first in time as established by Southern LNG's electronic

date and time stamp.

 

(j) Notification:

 

Upon completion of the best bid determination, Southern LNG will notify through SoNet

the party submitting the best bid (i.e., the Acquiring Customer). Southern LNG shall

further notify all bidders through SoNet that a best bid has been accepted.

 

If the capacity was released on a permanent basis, an amendment to the firm Service

Agreement(s) between Southern LNG and the Acquiring Customer, incorporating the terms

of the accepted bid, shall be tendered and executed electronically on SoNet by the

applicable execution deadline set forth in Section 16.6(a) above. Southern LNG and

the Acquiring Customer also shall execute the amendment in writing as soon as possible

thereafter. For all other types of releases, Southern LNG shall provide the Acquiring

Customer an Addendum, to its applicable Service Agreement, that reflects the terms of

the Acquiring Customer's winning bid.