Chandeleur Pipe Line Company

Second Revised Volume No. 1

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Effective Date: 10/01/2002, Docket: RP02-411-000, Status: Effective

Third Revised Sheet No. 48 Third Revised Sheet No. 48 : Effective

Superseding: Second Revised Sheet No. 48

GENERAL TERMS

AND CONDITIONS

8.0 ACCOUNTING PROCEDURES (Cont'd)

8.2 Billing and Payment (Cont'd)

(c) Payment

Shipper shall pay Chandeleur on or before the

tenth (10th) Day subsequent to receipt of

billing of all amounts due for the

transportation charges for the preceding Month.

If the Day that a payment is otherwise due and

payable falls on a non-Business Day, the

payment shall become due and payable on the

closest Business Day that succeeds such Day.

All payments by Shipper to Chandeleur shall be

made in United States dollars by electronic

transfer directed to a bank account designated

by Chandeleur, or in such other manner as may

from time to time be agreed upon. Shipper

shall submit supporting documentation with any

payment and shall identify invoice numbers on

all payments. In the event the Shipper's

payment differs from the invoiced amount,

Shipper shall provide remittance detail with

the payment except when payment is made by

electronic funds transfer (EFT), in which case,

the remittance detail is due within two

Business Days of the payment due date.

(d) Credits

If Chandeleur's interruptible transportation

throughput for any year exceeds its projected

interruptible throughput level of 18,706,250

Dth, Chandeleur will credit 90 percent of any

interruptible revenues received in excess of

Chandeleur's allocated interruptible costs to

its firm Shippers. For purposes of

administering this provision, the 12 month

period beginning November 1 will be used to

determine when credits to firm Shippers are

required. The revenues credited to firm

shippers will be apportioned on the basis of

firm Shippers' weighted contract demands during

the applicable crediting period.