Bluewater Gas Storage, LLC

Original Volume No. 1

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Effective Date: 12/01/2006, Docket: CP06-351-001, Status: Effective

Original Sheet No. 144 Original Sheet No. 144 : Effective

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

14.5 Billing Disputes. If Customer withholds payment of any

disputed amount as authorized herein, Customer shall within ten (10)

days after the due date of the disputed invoice submit to BLUEWATER

a written explanation of the dispute and any available supporting

documentation. The parties shall then cooperate in good faith to

resolve such dispute as expeditiously as possible, and the portion,

if any, of such disputed amount eventually determined to be due

shall bear interest at the rate stated in Section 14.4 above from

the original due date until the date actually paid.

 

14.6 Right to Audit. Both BLUEWATER and Customer shall have

the right at their own expense to examine and audit at any

reasonable time the books, records (including measurement, billing

and payment) and charts of the other to the extent necessary to

verify the accuracy of any statements or charges made under or

pursuant to any of the provisions of Customer's Storage Service

Agreement. Upon request, Customer shall also make available to

BLUEWATER for audit purposes any relevant records of the

Transporters to which Customer has access. A formal audit of

accounts shall not be made more often than once each Contract Year.

Any inaccuracy will be promptly corrected when discovered; provided,

however, that neither BLUEWATER nor Customer shall be required to

maintain books, records or charts for a period of more than two (2)

Contract Years following the end of the Contract Year to which they

are applicable. Neither BLUEWATER nor Customer shall have any right

to question or contest any charge or credit if the matter is not

called to the attention of the other in writing within two (2) years

after the end of the Contract Year in question.

 

15. TAXES

 

If at any time BLUEWATER is required to remit any taxes assessed

on the Gas pursuant to Customer's Storage Service Agreement, then

BLUEWATER shall have the right to collect from Customer such taxes,

including any penalties and interest. Customer agrees to reimburse

BLUEWATER for the taxes assessed on the Gas, including any penalties

and interest, within fifteen (15) days of the date of invoice from

BLUEWATER. Customer shall furnish BLUEWATER information,

satisfactory to BLUEWATER, to enable BLUEWATER to comply with any

reports required by state or federal government and agencies.

Customer recognizes that BLUEWATER may be required to file federal

and state tax returns, and Customer agrees to furnish BLUEWATER with

adequate information pertaining to the taxation on the Gas.

Customer shall coordinate such filings with BLUEWATER.

 

16. INSURANCE

 

Customer shall be responsible for providing its own insurance

coverage with respect to Gas it tenders for storage and has stored

in the BLUEWATER storage facility located in Michigan.