Sea Robin Pipeline Company

First Revised Volume No. 1

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Effective Date: 03/27/2000, Docket: RP00-431-000, Status: Effective

Third Revised Sheet No. 72 Third Revised Sheet No. 72 : Superseded

Superseding: Second Revised Sheet No. 72

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

21.5(d) (continued)

 

basis, (iii) the date and time the Offer was posted on

SoNet, and (iv) the date and time in which the bid period

ends.

 

(d) Prearranged Bidders: A Releasing Shipper must post in its

Offer for a term of one month or more any "Prearranged Bid"

to be made on the firm capacity offered for release.

However, the "Prearranged Bidder" must also meet all of the

requirements established for bidders pursuant to Section

21.5(e)-(g) below. A Prearranged Bidder must also post its

bid in accordance with Section 21.5(f) below except as

provided in Section 21.2(d) above. If the Prearranged

Bidder tenders a bid for the offered capacity at the maximum

reservation charge applicable to the Releasing Shipper's

service and the waiver of the maximum rate on short-term

(less than one year) releases until September 30, 2002 is

not applicable to the release, for the full volume, capacity

and term offered by the Releasing Shipper, and the

Prearranged Bidder satisfies all of the requirements of

Section 21.5(e)-(g) below, the Prearranged Bid will be

deemed the "best bid." Transporter shall thereafter post on

SoNet the identity of the Prearranged Bidder, and the terms

upon which the capacity was released.

 

In all other situations, the Prearranged Bid shall

constitute the minimum bid price for all other bidders, and

shall be posted on the Offer as such. If Transporter does

not receive any better bid by the date on which all bids are

due, the Prearranged Bid shall be deemed the best bid. If

Transporter does receive a better bid by the date on which

all bids are due, the Prearranged Bidder shall have the

right to match the terms of the better bid by the deadline

specified in Section 21.8 below. If the Prearranged Bidder

matches the better bid, the Prearranged Bidder shall be

deemed to have made the best bid.

 

(e) Prequalified Bidder Requirement: