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