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. 212 Original Sheet No. 212 : Effective
GENERAL TERMS AND CONDITIONS
15. CAPACITY RELEASE BY FIRM SHIPPERS (Contd.)
15.15 QUALIFICATION FOR PARTICIPATION IN THE CAPACITY RELEASE PROGRAM
A. Any person wishing to become a Qualified Bidder and make a
Qualified Bid must satisfy the creditworthiness requirements
in Section 13 of these General Terms and Conditions prior to
submitting a Qualified Bid under this Section 15. A person
cannot bid for services which exceed its pre-qualified level
of credit-worthiness. Transporter shall process--and
encourages--applications from potential Qualified Bidders
seeking prequalification for bids they may make in the
future.
B. Credit applications shall be completed in full with all
information required to establish creditworthiness under the
credit criteria included in Section 13 of these General
Terms and Conditions. Should a potential bidder fail to
satisfy such credit criteria, the potential bidder may still
become a Qualified Bidder by providing a prepayment, letter
of credit, security interest or guarantee satisfactory to
Transporter as further set forth in Section 13 of these
General Terms and Conditions.