Caprock Pipeline Company
First Revised Volume No. 1
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Effective Date: 09/01/1999, Docket: RP99-452-000, Status: Effective
Original Sheet No. 25E Original Sheet No. 25E : Effective
start of a day, must be for a term of at least one full day (i.e.,
there are no partial day recalls or reputs) and must be consistent
with the procedures set forth in the Capacity Release Request and
this Tariff. In the event of a dispute between the Releasing Shipper
and any other person as to the validity of any recall or reput, or
the status of the holder of the capacity rights, Transporter shall be
entitled to conclusively rely on any notice provided by the Releasing
Shipper. The Original Shipper, Replacement Shipper and/or
Subreplacement Shipper involved in any such dispute shall indemnify
and hold Transporter harmless from any costs, damages or expenses
relating to Transporter's reliance on such notice.
13.15 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
of these General Terms and Conditions prior to submitting a Qualified
Bid under this Section 13. A person cannot bid for services which
exceed its pre-qualified level of creditworthiness. Transporter shall
process--and encourage--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 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 these General Terms and
Conditions.
(c) Based on Transporter's continuing review of a
Shipper's financial records, Transporter shall have the right to
amend a Shipper's line of credit and lower or increase the quantity
and term.
(d) Transporter's determination of a Shipper's
creditworthiness is solely for Transporter's purposes under
Transporter's Tariff and such determination is neither a
representation nor a guarantee to a Releasing Shipper or any other
entity as to the ability of a Replacement or Subreplacement Shipper
to pay any outstanding amount under a Released Firm Transportation
Agreement.