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. 133 First Revised Sheet No. 133 : Effective

Superseding: Original Sheet No. 133

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

(iv) The proposed commencement date and period of time for

which capacity is requested, within the limits specified

in the Release Proposal;

 

(v) The reservation charge, or volumetric equivalent, if

applicable, that the Qualified Bidder proposes to pay for

the capacity, expressed in a form consistent with Section

17.4(e);

 

(vi) Whether the bid is a contingent bid and the contingency

which must be satisfied, and the date by which such

contingency must be satisfied;

 

(vii) A statement that the Qualified Bidder will accept all

terms and conditions of the Release Proposal that are not

deemed negotiable by the Releasing Shipper.

 

(viii) A statement that the Qualified Bidder will execute a

contract.

 

17.6(d) A Qualified Bidder, at any time prior to close of the bidding

period, may withdraw its bid by mail, facsimile or HIOS'

Interactive Internet Website. If a bid is withdrawn, Qualified

Bidder may submit a higher bid, but not a lower bid, on the same

capacity. Only one bid may be maintained at a time. A winning

bid becomes final if not withdrawn prior to close of the bidding

period.

 

17.6(e) All Qualified Bids must be consistent with the limitations on

releases set forth in subsection 17.2 of this Section 17.

 

17.6(f) Unless the Qualified Bid states otherwise, a Qualified Bid for

HIOS' maximum reservation