Chandeleur Pipe Line Company

Second Revised Volume No. 1

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Effective Date: 09/01/2005, Docket: RP05-424-000, Status: Effective

Original Sheet No. 57B Original Sheet No. 57B : Effective

 

GENERAL TERMS

AND CONDITIONS

 

17.0 CREDITWORTHINESS (Cont'd)

 

17.4 At any time after Shipper is determined to be non-

creditworthy by Chandeleur, Shipper may initiate a

creditworthiness re-evaluation by Chandeleur. As part

of Shipper's re-evaluation request, Shipper must either

update or confirm in writing the prior information

provided to Chandeleur related to Shipper's

creditworthiness. Such update shall include any

event(s) that Shipper believes could lead to a material

change in Shipper's creditworthiness.

 

After Chandeleur's receipt of Shipper's request for re-

evaluation, including all required information pursuant

to NAESB WGQ Standard 0.3.8 ("Shipper's Request"),

within five (5) Business Days, Chandeleur shall provide

a written response to Shipper's Request. Such written

response shall include either a determination of

creditworthiness status, clearly stating the reason(s)

for Chandeleur's decision or an explanation supporting

a future date by which a re-evaluation determination

will be made. In no event shall such re-evaluation

determination exceed twenty (20) Business Days from the

date of the receipt of Shipper's Request unless the

parties mutually agree to some later date.