Rockies Express Pipeline LLC (Entrega)

Second Revised Volume No. 1

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Effective Date: 09/01/2007, Docket: CP06-354-002, Status: Effective

Original Sheet No. 166 Original Sheet No. 166 : Effective

 

GENERAL TERMS AND CONDITIONS

 

13. EVALUATION OF CREDIT (Contd.)

13.1 (Contd.)

A. (Contd.)

6. (Contd.)

Transporter shall designate, on its Interactive

Website or in written notices to Shipper, the

internet e-mail addresses of up to two

representatives who are authorized to receive notices

regarding Shipper's creditworthiness. Shipper's

obligation to provide confirmation of receipt is met

by sending such confirmation to such representatives,

and Transporter shall manage internal distribution of

any such confirmations. In complying with the

creditworthiness related notifications pursuant

hereto Shipper and Transporter may mutually agree to

other forms of communication in lieu of internet e-

mail notifications.

 

B. 1. If a Shipper fails to satisfy the credit criteria,

such Shipper may still obtain or continue service

hereunder if it elects one of the following options:

 

i. Payment in advance of all fees and charges for

three (3) Months' advance service;

 

ii. A standby irrevocable letter of credit covering

all fees and charges for three (3) Months'

advance service drawn upon a bank acceptable to

Transporter;

 

iii. Security interest covering all fees and charges

for three (3) Months' advance service in

collateral provided by the Shipper found to be

satisfactory to Transporter; or

 

iv. Guarantee of all fees and charges for three (3)

Months' advance service by a person or another

entity which does satisfy the credit appraisal.