Kansas Pipeline Company

Original Volume No. 1

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Effective Date: 05/11/1998, Docket: CP96-152-015, Status: Effective

First Revised Sheet No. 255 First Revised Sheet No. 255 : Effective

Superseding: Original Sheet No. 255

GENERAL TERMS AND CONDITIONS (Continued)

 

No bids will be accepted for Service Agreements where the

Releasing Shipper notifies Kansas Pipeline in its Release

Notice that it has arranged for the assignment of its

Service Agreement to a Designated Replacement Shipper

that is on the approved bidders list which has agreed to

pay the applicable maximum rate for the service and

which has agreed to all other conditions applicable to

the assignment, or for assignments made to a Designated

Replacement Shipper which has agreed to a term for the

assignment of not more than thirty-one (31) Days. Such

assignment for which no bids will be accepted may be

submitted by electronic data interchange and shall be

acknowledged by the designated Replacement Shipper and

posted on the IEC system by 9:00 a.m. on the day of

nomination. Bids to accept assignment of the Service

Agreement must specifically identify any contingencies

and may be made through the IEC System only. If the

Releasing Shipper requires a prepayment deposit, the

party Submitting the bid must concurrently submit the

prepayment deposit through Electronic Funds Transfer

to a designated bank account established by Kansas

Pipeline.

 

The capacity release procedure is applicable to all

parties included in the capacity release process; however

it is only applicable if: 1) all information provided

by the parties to the transaction is valid and, 2) there

are no special terms or conditions of the release.

 

A party may submit only one bid at a time in response to

a Release Notice. Once a party has submitted a bid, it may

withdraw the bid through the IEC System at any time prior

to the close of the posting period specified in Section

14.3(b) without prejudice to its submitting another bid

with an economic value equal to or greater than the

economic value of the withdrawn bid. If a bid is not

withdrawn prior to the close of the posting period, the

bid shall be binding on the party submitting the bid,

subject to the satisfaction of any contingencies the

Releasing Shipper permits to be satisfied after the

Close of the bidding period.

 

Bids to accept assignment will be posted on the System

with any contingencies identified and with the bidder's

identity deleted.