High Island Offshore System, L.L.C.
Third Revised Volume No. 1
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Effective Date: 10/01/2007, Docket: RP06-540-004, Status: Effective
Third Revised Sheet No. 117 Third Revised Sheet No. 117 : Effective
Superseding: Substitute Second Revised Sheet No. 117
GENERAL TERMS AND CONDITIONS
16.5(c) The period of time that the Qualified Bidder proposes to take
the capacity; and
16.5(d) The reservation charge that the Qualified Bidder proposes to
pay for the capacity.
HIOS shall be under no obligation to accept or consider Qualified Bids
at less than the maximum reservation charge. However, HIOS will inform
the Existing Shipper of the maximum bid that was received, or the fact
that no bids were received.
16.6 Qualification of Bidders. In order to qualify for available capacity,
a prospective shipper must first:
16.6(a) Demonstrate, to HIOS' reasonable satisfaction, that it is
creditworthy in accordance with Sections 2.2(k) and 5 of the
General Terms and Conditions of this Tariff; and
16.6(b) Provide to HIOS a statement of its willingness and ability to:
(1) execute a Transportation Agreement for firm transportation
service in accordance with Rate Schedule FT-1 or FT-2 of this
Tariff; and (2) become a party to the Gas Allocation Agreement
between HIOS and its shippers.
In the interest of expediting HIOS' creditworthiness review, a
prospective shipper may submit to HIOS, at any time, the credit
evaluation materials described in Section 2.2(k) of the General Terms
and Conditions of this Tariff. HIOS reserves the right to request
additional or renewed credit evaluation materials at any time for the
purpose of reviewing a completed creditworthiness evaluation.