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.