Gulf South Pipeline Company L P
Sixth Revised Volume No. 1
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Effective Date: 10/01/2002, Docket: RP02-421-000, Status: Effective
First Revised Sheet No. 2441 First Revised Sheet No. 2441 : Effective
Superseding: Original Sheet No. 2441
GENERAL TERMS AND CONDITIONS
5.3.23 All tariff rates should be adjusted to reflect a standard
calculation of daily and monthly rates.
5.3.24 Capacity release facilitator should post offers and bids,
including prearranged deals, upon receipt. A releasing shipper
may request a later posting time for posting of such offer, and
the capacity release service facilitator should support such
request insofar as it comports with the standard Capacity Release
timeline specified in GISB Standard No. 5.3.2.
5.3.25 Releasing shipper should not be able to specify an extension of
the original bid period or the pre-arranged deal match period,
without posting a new release.
5.3.26 Releasing shippers have the choice to specify dollars and cents or
percents of maximum tariff rate in the denomination of bids, and
all transportation service providers should support this. Once
the choice is made by the releasing shipper, the bids should
comport with the choice.
5.3.27 For purposes of bidding and awarding, maximum/minimum rates
specified by the releasing shipper should include the tariff
reservation rate and all demand surcharges, as a total number or
as stated separately.
5.3.28 Release quantity should be expressed as a numeric quantity only.
5.3.29 Basis for released quantity should be per day for transportation,
storage injection, storage withdrawal, and a per-release quantity
for storage capacity and total release period quantity.
5.3.30 The offer upload bidder confirmation and quick response process
should support the association of a replacement capacity contract
with another contract for balancing or related purposes. The
support for this process between parties should be on a mutually