Sabine Pipe Line Company

Second Revised Volume No. 1

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Effective Date: 07/01/1995, Docket: RP95-357-000, Status: Effective

First Revised Sheet No. 253 First Revised Sheet No. 253 : Superseded

Superseding: Original Sheet No. 253

nomination deadline, as it relates to the day on which

the released capacity is to be utilized, when

submitting its Offer to Release Capacity.

 

 

a) Offers to Release Capacity for More Than 31 Days

 

Offers to release capacity for more than 31 days

must be submitted to Sabine at least ten (10)

business days prior to the deadline for nominating

transportation utilizing the Released Capacity.

Sabine shall collect all Offers to Release

Capacity, review such offers for completeness and

accuracy, and assign an Offer Number to each

offer. Sabine will post Offers to Release

Capacity, including the date and time of posting,

the bid period, the applicable maximum rate, and

the specific terms and conditions of the release

on Sabine's Electronic Bulletin Board one (1)

business day after Sabine's receipt of the Offers

to Release Capacity. All offers will remain on

Sabine's Electronic Bulletin Board for five (5)

business days unless Releasing Shipper specifies

the offer remain for a longer period. Sabine will

post the relevant terms of all bids, other than

the name of the bidder, one (1) business day after

each bid is received by Sabine. In the event

Releasing Shipper specifies a longer posting

period, the deadline for submitting Shipper's

offer to Sabine shall be revised to be one (1)

business day earlier for each additional business

day of posting specified. Bids for Released

Capacity are due by 9:00 a.m. Central Time on the

bid deadline day. Upon receipt of the bids,

Sabine will review the bids to determine

eligibility and determine the best bid using

criteria submitted by the Releasing Shipper or the

criteria set forth in Subsection 10.9, if the

Releasing Shipper chooses not to set forth best

bid criteria. If a prearranged bidder exists and

a better bid is received, Sabine will notify the

prearranged bidder of the better bid the next

business day after the bid period ends. A

Prearranged Bidder will have two (2) business days

to match the best bid. Tie bids not involving a