Sea Robin Pipeline Company

First Revised Volume No. 1

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Effective Date: 12/01/1998, Docket: RP98-365-000, Status: Effective

Second Revised Sheet No. 73 Second Revised Sheet No. 73 : Superseded

Superseding: First Revised Sheet No. 73

GENERAL TERMS AND CONDITIONS

(Continued)

 

21.5(e)(1) (continued)

 

(1) All parties desiring to bid on firm capacity offered by a Releasing Shipper

must be prequalified by Transporter as creditworthy in order to be eligible

to submit a bid on an offer of released capacity. The potential bidder must

submit to Transporter credit information sufficient for Transporter to

determine the party's creditworthiness, unless Transporter agrees it has

already determined the bidder to be creditworthy or to have suitable credit

on file with Transporter. A bidder's creditworthiness shall be assessed on

the same basis as a Shipper's creditworthiness under the terms of

Transporter's Rate Schedule FTS. If a bidder does not qualify under

Transporter's creditworthiness standards, the bidder may qualify by

providing one of the credit alternatives set forth in Section 13(f) of Rate

Schedule FTS herein as applicable based on the terms of the Offer for

which bids are to be submitted. If a party does not qualify as a

prequalified bidder pursuant to this Section 21.5(e), the party cannot bid

on an Offer until it does qualify. Transporter shall process each bidder's

request for prequalification in a diligent manner but estimates that it will

take at least five (5) business days to process an average request.

 

(2) Prior to submitting a bid on Permanent Release of capacity offered by a

Releasing Shipper, the bidder must submit to Transporter on SoNet a valid

Transportation Service Request Form as provided in Section 17 to these

General Terms and Conditions for the released capacity on which the

bidder intends to submit a bid. Upon notice to Acquiring Shipper of its

award of Permanent Release, Transporter and Acquiring Shipper shall

execute an FTS Agreement or an amendment to Acquiring Shipper's existing

FTS Agreement containing terms reflecting the Permanent

Release.