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