Sabine Pipe Line Company LLC

Second Revised Volume No. 1

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Effective Date: 06/01/1997, Docket: RP97-109-001, Status: Effective

First Revised Sheet No. 261 First Revised Sheet No. 261 : Superseded

Superseding: Original Sheet No. 261


10.7 Submittal of Bids


During the open season and bid submittal periods, all

valid bids (excluding bidder s name) will be posted.

All bids will be binding until written or electronic

notice of withdrawal is received by Sabine. A bid may

be withdrawn prior to the close of the bidding period,

but the withdrawing bidder may not rebid on the same

capacity at a lower rate. Invalid bids will not be

posted. There will be no extensions of the original

bid period or the prearranged deal match period.


Prior to bidding on any Offer to Release Capacity, a

bidder must prequalify by satisfying the credit

worthiness requirements in Subsection 10.13. All bids

for capacity shall be transmitted via mail, telefax, or

electronically to Sabine. Sabine shall date and time

stamp all written bids as they are received. A

separate bid is required for each separate Releasing

Shipper's Offer. The price bid on any Offer to Release

Capacity must be submitted on a reservation rate basis

or on a volumetric basis calculated at the 100% load

factor derivative of the Maximum Reservation Rate. Any

volumetric bids should only relate to the reservation

rate, since the usage rate used to determine the usage

charges and any other volumetric charges will be billed

by Sabine directly to the Replacement Shipper and will

not be considered in the determination of the best bid.

All bids on Temporary Releases of capacity must be for

the specified Receipt and Delivery Points set forth in

the Releasing Shipper's offer. Any Prequalified

Bidder submitting a bid for all or part of any released

capacity shall provide the information required by GISB

Standard 5.4.2.