Cheniere Creole Trail Pipeline, L.P.
Original Volume No. 1
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Effective Date: 04/28/2008, Docket: RP08-137-000, Status: Effective
Original Sheet No. 155 Original Sheet No. 155 : Pending
GENERAL TERMS AND CONDITIONS
(Continued)
C. If a Shipper fails to establish creditworthiness as provided herein,
Shipper may still receive interruptible service of any duration, or firm
service through purchase of capacity relinquished for a maximum period of up
to one (1) month under the applicable Rate Schedule provided it furnishes and
maintains in effect one of the following at Shipper's discretion and
acceptable to Transporter:
(i) a written guarantee from a third party which is creditworthy as
determined above; or
(ii) an irrevocable standby letter of credit; or
(iii) an amount equal to the amount which would be charged to Shipper for
three (3) month's service or the term of service, whichever is less, to be
deposited in an escrow account at a bank of Shipper's choosing; or
(iv) other security reasonably acceptable to Transporter.
If a Shipper fails to establish creditworthiness as provided herein, Shipper
may still receive firm service or service through purchase of capacity
relinquished for a period longer than one (1) month under the applicable Rate
Schedule provided it furnishes and maintains in effect one of the following at
Shipper's discretion and acceptable to Transporter:
(i) a written guarantee from a third party which is creditworthy as
determined above; or
(ii) an irrevocable standby letter of credit; or
(iii) other security reasonably acceptable to Transporter.
D. Transporter's credit appraisal procedures involve the establishment of
dollar credit limits on a standardized nondiscriminatory basis. To the extent
that a Shipper's account(s) with Transporter do not exceed such limits and/or
provided no new information regarding Shipper's financial or business position
becomes known to Transporter, no new credit approval shall be necessary for
Shipper's existing Service Agreement(s) unless subsequently amended; provided
however, a Shipper's credit file may be updated by Transporter at any time.