High Island Offshore System, L.L.C.
Third Revised Volume No. 1
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Effective Date: 10/01/2002, Docket: RP02-434-001, Status: Effective
First Revised Sheet No. 148 First Revised Sheet No. 148 : Effective
Superseding: Original Sheet No. 148
GENERAL TERMS AND CONDITIONS
to pay all of the amount of any bill for gas delivered under
the executed Transportation Agreement when such amount is
due. Once terminated, capacity and all applicable charges
shall revert to the Releasing Shipper. All payments received
from a Replacement Shipper shall first be applied to the
reservation charge due for the transportation service and
then to any reservation surcharge, including late charges
related solely to such reservation charges, then to any
penalty due, then to usage charges, and last to late charges
not related to any reservation charges due.
If the Transportation Agreement between HIOS and the
Replacement Shipper specifies a reservation charge for the
released capacity that is higher than the reservation charge
specified in the underlying Transportation Agreement with
HIOS and the Releasing Shipper, then any revenues that HIOS
collects from the Replacement Shipper that are based on the
difference between the specified reservation charges which
remain after payment of the items specified in the last
sentence of the immediately preceding paragraph shall be
credited to the Releasing Shipper.
17.13 Conversion between Monthly and Daily Reservation Rates. Converting a
daily rate to a monthly rate is accomplished by multiplying the daily
rate times the number of days in the rate period, dividing the result by
the number of months in the rate period, taking the remainder out to 5
decimal places, and rounding up or down to HIOS' specified decimal place.