High Island Offshore System, L.L.C.

Third Revised Volume No. 1

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Effective Date: 09/01/2000, Docket: RP00-439-000, Status: Effective

First Revised Sheet No. 131 First Revised Sheet No. 131 : Effective

Superseding: Original Sheet No. 131

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

17.5(c) Extension and Withdrawal of Release Proposal

 

The Releasing Shipper shall not be able to specify an extension

of the original Bid Period or the Prearranged Transaction Match

Period without first posting a new release. A Releasing Shipper,

including a Releasing Shipper with a Prearranged Transaction that

is subject to competitive bidding, may withdraw its Release

Proposal, at any time prior to the close of the Bid Period if

such withdrawal is due to unanticipated circumstances and no

minimum bid has been made. Release Proposals are binding until

written notice or notice via HIOS' Interactive Internet Website

is received by HIOS. Once the Release Proposal is withdrawn, the

Release Proposal shall remain posted on HIOS' Interactive

Internet Website, for a period of thirty (30) days for monitoring

and control purposes.