Default Agenda Item 3: following table denotes the options the team discussed to be included in the contract for the contracting parties in the relevant agreements. Defaulting Typical Primary GTA Operational Transfer Agreement Capacity Trading Agreement Pipeline Operator Primary Shipper Pipeline Operator Secondary Shipper Primary Shipper Secondary Shipper Pipeline Operator Unable to remedy Terminate Unable to remedy Terminate Terminate Terminate – no remedy* Remedy in specified Remedied in Remedy in specified Remedied in No impact No impact Pipeline Operator timeframes specified timeframes specified timeframes timeframes Primary Shipper Terminate Unable to remedy On foot has no On foot but no Unable to remedy - Terminate option – – – – – no remedy capacity transferred cause to terminate longer has capacity capacity has been to seek damages back to party the contract with the of primary shipper transferred back to secondary shipper pipeline operator Primary shipper - Remedied in Remedy in specified No impact No impact Remedy in specified Remedied in remedy specified timeframes timeframes specified timeframes timeframes Secondary Shipper No impact No impact Terminate Unable to remedy Terminate Unable to remedy no remedy – Secondary shipper No impact No impact Remedied in Remedy in specified Remedied in Remedy in specified specified timeframes specified timeframes remedy – timeframes timeframes Force Majeure
Default Agenda Item 3: following table denotes the options the team discussed to be included in the contract for the contracting parties in the relevant agreements. Defaulting Typical Primary GTA Operational Transfer Agreement Capacity Trading Agreement Pipeline Operator Primary Shipper Pipeline Operator Secondary Shipper Primary Shipper Secondary Shipper Pipeline Operator – no remedy* Unable to remedy Terminate Unable to remedy Terminate Terminate Terminate Pipeline Operator Remedy in specified timeframes Remedied in specified timeframes Remedy in specified timeframes Remedied in specified timeframes No impact No impact Primary Shipper – no remedy Terminate – capacity transferred back to party Unable to remedy On foot – has no cause to terminate the contract with the secondary shipper On foot – but no longer has capacity of primary shipper Unable to remedy - capacity has been transferred back to pipeline operator Terminate – option to seek damages Primary shipper - remedy Remedied in specified timeframes Remedy in specified timeframes No impact No impact Remedy in specified timeframes Remedied in specified timeframes Secondary Shipper – no remedy No impact No impact Terminate Unable to remedy Terminate Unable to remedy Secondary shipper – remedy No impact No impact Remedied in specified timeframes Remedy in specified timeframes Remedied in specified timeframes Remedy in specified timeframes Force Majeure
20170509%20gmrg%20standardisation%20pt%20-%20minutes%206.docx