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.