Black Marlin Pipeline Company

First Revised Volume No. 1

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Effective Date: 11/01/1993, Docket: RS92- 56-001, Status: Effective

Original Sheet No. 217A Original Sheet No. 217A : Effective

 

GENERAL TERMS AND CONDITIONS

(continued)

 

 

17. CREDITWORTHINESS

 

Transporter shall not be required to perform or, subject to the receipt of

any necessary regulatory authorization, to continue service on behalf of

any Shipper who is or has become insolvent, or who, at Transporter's

request, fails within a reasonable time to demonstrate creditworthiness;

provided, however, Transporter shall continue service to such Shipper if

Shipper

 

 

prepays for such service or furnishes good and sufficient security (as

determined by Transporter in the exercise of reasonable discretion) in an

amount equal to the cost of performing the service requested by Shipper

for a three (3) month period. For the purpose of this section, the

insolvency of a Shipper shall be evidenced by the filing by Shipper or any

parent entity thereof (collectively referred to as "Shipper") of a

voluntary petition in bankruptcy or the entry of a decree or order by a

court