Hardy Storage Company, LLC
Original Volume No. 1
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Effective Date: 04/01/2007, Docket: CP05-150-003, Status: Effective
Original Sheet No. 81 Original Sheet No. 81 : Effective
GENERAL TERMS AND CONDITIONS (Cont’d)
(g) The Explicit Confirmation process requires that the Confirming
Party and Seller respond to a Request for Confirmation or initiate an
unsolicited Confirmation Response. Absent mutual agreement to the
contrary, Explicit Confirmation is the default methodology.
(h) When a previously confirmed and scheduled quantity is altered,
notification of such alteration should be provided to all of the parties
that are affected. Applicable notification(s) of such alterations should be
provided to the affected parties reasonably proximate in time to the time
during which the event causing the alteration was acted upon by Seller.
With respect to the implementation of this process via the 1.4.X NAESB
standards, Seller and the Confirming Party should send the applicable
document(s) to the applicable party(ies) no later than the next time they
are slated to communicate confirmations or scheduled quantities. The
Confirming Party has an obligation to notify Seller within the established
NAESB deadlines when a previously confirmed and scheduled quantity is
altered. Affected parties to be notified by Seller are:
(1) Confirming Party in a Confirmation Response (or unsolicited
Confirmation Response as applicable) document by Seller;
(2) Confirming Party in a Request for Confirmation document by
Seller;
(3) Customer in a Scheduled Quantity document by Seller.