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

Third Revised Volume No. 1

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Effective Date: 06/01/1997, Docket: RP97-146-001, Status: Effective

Original Sheet No. 60A Original Sheet No. 60A : Superseded

 

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

(k) Any additional terms and conditions of releases that are objective and

non-discriminatory (e.g., any tie-breaking methodology, agency agreement

requirements, limiting reassignment, changing Point(s) of Delivery, or

precluding reassignment of a release without notice to and consent of the

releasor, or indemnification agreement requirements.) In all cases,

however, Releasing Shipper's specified bid evaluation method must be set

forth with sufficient specificity that U-TOS' evaluation of the bids to

determine the "best bid" is a purely ministerial matter that does not

require any discretionary exercise of judgment by U-TOS.

 

(l) If Releasing Shipper does not desire immediate posting of its Release

Proposal or bids received, Releasing Shipper shall provide the posting

date and time, so long as the receipt date of such Release Proposal or bid

is no more than thirty (30) days prior to the requested posting date, and

so long as the requested posting date comports with Section 17.5.

 

17.5 Posting of Release Proposals. Completed Release Proposals that conform to the

requirements of subsection 17.4 of this Section 17 shall be posted on U-TOS'

Electronic Delivery Mechanism in accordance with the following procedures:

 

(a) Posting With No Prearranged Transaction or With Long-Term Prearranged

Transaction.