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
Fifth Revised Sheet No. 139 Fifth Revised Sheet No. 139 : Effective
Superseding: Substitute Fourth Revised Sheet No. 139
GENERAL TERMS AND CONDITIONS
Release Proposal. If the Prearranged Shipper declines to
match the highest-value Qualified Bid, then the first award
of available capacity shall be granted to the Qualified
Bidder that made such highest-value Qualified Bid.
17.7(d) Notification of Winners. HIOS shall notify winning Qualified
Bidders and/or Prearranged Shippers, via HIOS' Interactive
Internet Website by 3:00 p.m. Central Time of their award of
capacity. An award of released capacity shall be deemed to
occur on the date that such notification occurs, or, in the
case of a short-term Prearranged Transaction, on the date
that HIOS receives the associated Release Proposal from the
Releasing Shipper. The effective date of the release shall
be determined in accordance with subsection 17.8 of this
17.7(e) HIOS shall post the winning bid, and name of the winning bidder
on its Interactive Internet Website for five (5) days.
17.8 Effecting Service for the Replacement Shipper.
17.8(a) A release of capacity under this Section 17 shall become
effective on the later of:
(1) the date specified for such release in the Release
Proposal/Prearranged Transaction, as applicable; (2)
the date that HIOS receives a Rate Schedule FT-1 or FT-
2 Transportation Agreement that has been executed by
the Replacement Shipper, and that includes
specification of the MDQ, receipt point entitlements,
and delivery point entitlements that have been released
to that Replacement Shipper; (3) the