Garden Banks Gas Pipeline, LLC

Original Volume No. 1

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Effective Date: 05/10/2010, Docket: RP10-594-000, Status: Effective

First Revised Sheet No. 142 First Revised Sheet No. 142

Superseding: Original Sheet No. 142

 

GENERAL TERMS AND CONDITIONS

 

 

(4) Guarantee by a person or another entity which does

satisfy the credit appraisal.

 

(c) Transporter's credit appraisal procedures involve the

establishment of dollar credit limits on a standardized,

nondiscriminatory basis. To the extent that a Shipper's

accounts with Transporter do not exceed such limit, and

Shipper has met all creditworthiness requirements as

determined in periodic credit reviews by Transporter,

which reviews may be conducted on at least an annual

basis, no new credit appraisals shall be required when an

existing Agreement is amended or a request for a new

Agreement is made, provided that Shipper's payment

history has been satisfactory and there is no bona fide

basis for questioning Shipper's creditworthiness.

 

(d) At any time after the Shipper is determined to be

noncreditworthy by Transporter, the Shipper may initiate

a creditworthiness re-evaluation. As part of the re-

evaluation request, the Shipper should either update or

confirm in writing the prior information provided to

Transporter related to the Shipper's creditworthiness.

Such update should include any event(s) that the Shipper

believes could lead to a material change in the Shipper's

creditworthiness.

 

(e) After a Transporter's receipt of Shipper's request for re-

evaluation, including all required information pursuant to

NAESB WGQ Standard 0.3.8 ("SR's Request"), within five (5)

Business Days, Transporter should provide a written

response to the Shipper's Request. Such written response

should include either a determination of creditworthiness

status, clearly stating the reason(s) for Transporter's

decision, or an explanation supporting a future date by

which a re-evaluation determination will be made. In no

event should such re-evaluation determination exceed twenty

(20) Business Days from the date of the receipt of the

Shipper's Request unless specified in Transporter's tariff

or if the parties mutually agree to some later date.