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First Revised Sheet No. 63A First Revised Sheet No. 63A : Superseded
Superseding: Original Sheet No. 63A
GENERAL TERMS AND CONDITIONS
that the calculation is made for all competing Qualified bids and
Prearranged Transactions. This calculation is expressed in the
r X 1-(1+i) X u = Net Present Value
Where: i = The interest rate per month;
n = The number of months in the term of
the proposed agreement;
r = The proposed reservation charge per
unit per month or volumetric rate,
if applicable; and
u = The maximum daily quantity of capa-
city requested, in Dth.
(ii) In the event both a contingent Qualified Bid and a non-contingent
Qualified Bid generate the same Net Present Value, U-TOS shall
reject the contingent Qualified Bid.