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

First Revised Sheet No. 62 First Revised Sheet No. 62 : Superseded

Superseding: Substitute Original Sheet No. 62

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

17.6 Bidding Procedures.

 

(a) Any person that has prequalified as a prospective Replacement Shipper

under the provisions of subsection 17.11 of this Section 17 ("Qualified

Bidder") may submit a completed bid ("Qualified Bid") for available

capacity under a Release Proposal posted pursuant to subsection 17.5(a) of

this Section 17, during the applicable bid period. For purposes hereof,

the applicable "bid period" shall be the same as the posting period

specified in subsection 17.5(a)(i)-(ii) of Section 17.

 

(b) U-TOS will receive Qualified Bids for the posted Release Proposal for the

entire initial or successive bid period. A Qualified Bid may be

communicated to U-TOS by facsimile, or U-TOS' Electronic Delivery

Mechanism. The date of receipt will be recorded for each Qualified Bid.

 

(c) Qualified Bid must be submitted on the U-TOS Qualified Bid Form, as set

forth on Sheet Nos. 119-121 of this tariff, and must include the following

information:

 

(i) The Qualified Bidder's legal name and the name, title, address,

telephone number, and facsimile number of the person responsible for

authorizing the acquisition of capacity;

 

(ii) Identification of the posted Release Proposal for which the

Qualifying Bid is being made.

 

(iii) The amount of capacity being requested, by receipt point, delivery

point, and in total, within the limits specified in the Release

Proposal;

 

(iv) The proposed commencement date and period of time for which capacity

is requested, within the limits specified in the Release Proposal;

 

(v) The reservation charge, or equivalent volumetric reservation rate,

if applicable, that the Qualified Bidder proposes to pay for the

capacity, expressed in a form consistent with Section 17.4(e);

 

(vi) Whether the bid is a contingent bid and the contingency which must

be satisfied, and the date by which such contingency must be

satisfied;

 

(vii) A statement that the Qualified Bidder will accept all terms and

conditions of the Release Proposal that are not deemed negotiable by

the Releasing Shipper;

 

(viii) A statement that the Qualified Bidder will execute a contract in the

form, and within any time period, specified in this Tariff.

 

(d) A Qualified Bidder may, at any time prior to close of the bidding period,

withdraw its bid by notification by mail, facsimile, or U-TOS' Electronic

Delivery Mechanism. If a bid is withdrawn, Qualified Bidder may submit a

higher bid, but not a lower bid, on the same capacity. Only one bid may

be maintained at a time. A winning bid becomes final if not withdrawn

prior to close of the bidding period.