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. 18M Original Sheet No. 18M : Effective

 

 

RATE SCHEDULE LTD-1

FIRM LNG TANKER DISCHARGING SERVICE

(Continued)

 

 

 

6. RESPONSIBILITY, WARRANTY AND ASSIGNMENT (Continued)

 

6.7 The Service Agreement shall be binding upon and inure to the benefit of any successor

to either Operator or Buyer by merger, consolidation or acquisition. Both Operator

and Buyer may assign or pledge the Service Agreement and all rights and obligations

thereunder under the provisions of any mortgage, deed of trust, indenture or other

instrument which either has executed or may execute hereafter as security for

indebtedness or as an assignment of receivables; otherwise, neither Operator nor Buyer

shall assign the Service Agreement or any of its rights hereunder unless it shall

first have obtained the written consent of the other. Such consent shall not be

unreasonably withheld.

 

 

7. GENERAL TERMS AND CONDITIONS

 

All the General Terms and Conditions are applicable to this Rate Schedule and are hereby made

part hereof. In the event of a conflict between the General Terms and Conditions and the

provisions of this Rate Schedule LTD-l, the provisions of this Rate Schedule LTD-1 shall

govern.

 

 

8. RESERVATIONS

 

Operator reserves the right from time to time unilaterally to make any changes to, or to

supersede, the rates and charges and other terms in this Rate Schedule LTD-1 and the other

provisions of Operator's FERC Gas Tariff, and the applicability thereof, including the Form

of Service Agreement hereunder, subject to the provisions of the Natural Gas Act and the

Commission's regulations thereunder.

 

 

9. INSURANCE

 

Operator shall obtain and maintain such insurance coverage as is customary and usual in the

LNG industry for an LNG receiving facility. Upon request of Buyer, Operator shall provide to

Buyer satisfactory evidence that the insurance required pursuant to this clause is in effect.