PROCEDURE FOR BIDDING AND AWARDING THE POSTED CAPACITY
Northwest will only accept electronic bids (see instructions below) for
the posted package(s) of available transportation capacity.
Duplicate bids will be discarded. Maximum rate bids will be accepted for any
primary contract term, subject to available capacity. The posted capacity will
be awarded to the shipper’s bid with the greatest economic value.
The economic value of each bid will be determined on a present value basis. In
case of a tie, each tied shipper will have the right to improve its bid by
submitting an improved bid within 24 hours of the bid close time. Such improved
bids shall be submitted electronically through Northwest Passage.
If a tie still exists, such capacity shall be awarded on a pro-rata basis to
the shippers indicating a willingness to accept a pro-rata share. All bidding
and awarding will be conducted in accordance with General Terms and Conditions
Section 25 of Northwest’s Tariff.
INSTRUCTIONS FOR CREATING AN ELECTRONIC BID FOR
NORTHWEST’S FIRM CAPACITY
OFFERS
1. Select “CONTRACTS” folder in Northwest Passage.
2. Select “TSP Capacity Offering” folder.
3. Select “Offer List” screen and click “Retrieve”.
4. Select the offer you are interested in bidding on and right mouse click
to create a bid. The screen will bring up the contract request screens and
allow you to review the conditions of the offer and place your bid. If you
would like to create a bid for this offer, enter the terms of your bid by
navigating through the screens and entering the terms of your offer. You
may modify the end date and volume of a maximum rate offer.
5. Select “VALIDATE”. If an error appears on the screen, the error will
need to be corrected, and the data will need to be validated again. Upon
successful validation, you may select “SUBMIT”. Review the contract and
select “EXECUTE” to execute the contract and submit your bid (The timestamp
of your bid is based on when you click the “EXECUTE” button). Note the bid
number and select “CLOSE” to exit the screen.
To improve or review your bid(s), highlight the offer, right click and reselect
the “Create Bid” option. To withdraw your bid(s), highlight your bid in the
lower portion of the screen, right click and select the “Withdraw” option. If
a change to your bid is not submitted in time, your previous, successfully
submitted bid will be used for the award process.
NOTE: After each selection, always select “RETRIEVE” on screen to get the
Latest status.