U-T Offshore System, L.L.C.

Third Revised Volume No. 1

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Effective Date: 09/01/1999, Docket: RP99-467-000, Status: Effective

First Revised Sheet No. 49A First Revised Sheet No. 49A : Superseded

Superseding: Original Sheet No. 49A

 

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

8.2 Monthly Imbalances. The calculation of the monthly imbalances

shall depend upon whether there is an Operational Balancing

Agreement in effect at the delivery point(s). Where an

Operational Balancing Agreement is in effect, monthly imbalances

under an Agreement shall be calculated each calendar month by

comparing the volumes scheduled for the month to actual receipts

during that month. Where an Operational Balancing Agreement is

not in effect, monthly imbalances under an Agreement shall be

calculated each calendar month by comparing actual measured

volumes delivered during the month to actual net measured volumes

received (with the appropriate deduction for Gas Unaccounted For

during that month on the basis of Equivalent Volumes. In each

case, where the comparison that is specified does not yield an

equivalency, then the following transportation fees and offsetting

and netting procedures shall apply:

 

(a) A transportation charge under the applicable provision of

Sheet No. 4 of this Tariff will be assessed for any positive

imbalance under an Agreement remaining at the end of a

month.

 

(b) Shippers may arrange an offset by trading countervailing

imbalances that exist between or among Shippers; provided,

however, that the responsibility to arrange such offsets,

and to inform U-TOS thereof in writing and on a timely

basis, is solely upon the Shippers.

 

(c) Imbalances remaining under a Shipper's different Agreements

will then be netted together to obtain the Shipper's Total

Monthly Imbalance. The Total Monthly Imbalance will be

shown with the monthly billings sent to Shippers. Any

Shipper imbalance will be cashed out as described in

Section 8.3.