Nautilus Pipeline Company, LLC

Original Volume No. 1

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Effective Date: 09/01/2005, Docket: RP05-498-001, Status: Effective

Sub Original Sheet No. 122A Sub Original Sheet No. 122A : Effective

 

 

GENERAL TERMS AND CONDITIONS

 

10. SERVICE REQUESTS AND CONTRACTING FOR SERVICE con't

 

 

(h) After the Transporter's receipt of the 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,

the 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 the 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 the Transporter's tariff or if the parties

mutually agree to some later date.

 

 

10.5 Failure to Meet Creditworthiness Criteria

 

(a) Upon notification by Transporter that Shipper has

failed to satisfy the credit criteria, such

Shipper may still obtain credit approval by

Transporter if it elects to provide one of the

following:

 

(1) an advance deposit;

 

(2) a standby irrevocable letter of credit;