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First Revised Sheet No. 62 First Revised Sheet No. 62 : Superseded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