Cove Point LNG Limited Partnership

Second Revised Volume No. 1

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Effective Date: 06/01/2003, Docket: CP01- 76-003, Status: Effective

Original Sheet No. 18B Original Sheet No. 18B : Effective

 

 

RATE SCHEDULE LTD-1

FIRM LNG TANKER DISCHARGING SERVICE

(Continued)

 

 

 

2. APPLICABILITY AND CHARACTER OF SERVICE (Continued)

 

2.6 Buyer shall have the right to release and assign the service rights under its LTD-1

Service Agreement in accordance with Section 10 (Release and Assignment of Service

Rights) of the GT&C. Service to an Assignee under any such release and assignment

shall be subject to the provisions set forth in this Rate Schedule and in the

applicable GT&C. Throughout the term of any release, Releasor(s) and Assignee(s) must

comply with the operational requirements of Sections 4 and 5 of this Rate Schedule,

including the timing of nominations, agreement on a single tanker delivery schedule

prior to submission of the release to Operator, and specification of a single party to

submit the proposed schedule to Operator.

 

2.7 Buyer, in addition to the firm LNG tanker discharging service received under this Rate

Schedule, may make a one-time election during the term of Buyer's Service Agreement

with Operator to receive transportation service under Operator's Rate Schedule FTS

("Elected FTS Service"). In the event Buyer elects to take elected FTS service,

transportation of Regasified LNG shall be pursuant to Rate Schedule FTS rather than

Rate Schedule LTD-1. The Maximum Firm Transportation Quantity ("MFTQ") for such

Elected FTS Service shall not exceed Buyer's MDDQ and the term for such Elected FTS

Service shall not extend beyond the term of Buyer's Service Agreement under this Rate

Schedule. Buyer may nominate quantities of Natural Gas for receipt and delivery along

the Cove Point Pipeline under the Elected FTS Service pursuant to the scheduling

provisions of Rate Schedule FTS; provided, however, that the total daily combined

quantities flowing under this Rate Schedule and the Elected FTS Service shall not

exceed Buyer's MDDQ in any segment of the Cove Point Pipeline. The Reservation Charge

to be paid by Buyer each month under the Elected FTS Service shall be credited against

Buyer's monthly charge to be paid pursuant to Buyer's Service Agreement with Operator

under this Rate Schedule. The Elected FTS Service shall have the same priority for

capacity allocations and interruptions as Firm Transportation Service provided by

Operator.

 

3. RATES

 

3.1 All charges for firm LNG tanker discharging service shall be set forth on the

Currently Effective Rate Sheets of this Tariff.

 

3.2 For all firm LNG tanker discharging service rendered under this Rate Schedule, Buyer

shall pay Operator each month the charges set forth below:

 

(a) Reservation Charge: Buyer shall be assessed a monthly reservation charge for the

current month on each dth of MDDQ specified in Buyer's Service Agreement.

 

(b) Commodity Charge: Buyer shall be assessed applicable commodity charge(s) per dth

of Natural Gas delivered during the prior month to or for the account of Buyer

under this Rate Schedule.