Destin Pipeline Company, L.L.C.
Original Volume No. 1
Contents / Previous / Next / Main Tariff Index
Effective Date: 06/01/2000, Docket: RP00-268-000, Status: Effective
Second Revised Sheet No. 45 Second Revised Sheet No. 45 : Effective
Superseding: First Revised Sheet No. 45
GENERAL TERMS AND CONDITIONS
(Continued)
(g) Insolvency. COMPANY shall not be required to
perform services under a transportation Service
Agreement for any SHIPPER who is or has become
insolvent, or who fails to demonstrate
creditworthiness, or who fails to make payments
pursuant to Section 15 hereof (except if SHIPPER
has disputed a bill and made provision for such
payment in accordance with Section 15.3 hereof);
provided, however, such SHIPPER may receive
service if SHIPPER makes a security deposit in an
amount equal to the cost of performing the maximum
transportation service requested by SHIPPER for a
three (3) month period, furnishes good and
sufficient surety, as determined by COMPANY in its
reasonable discretion, in an amount equal to the
cost of performing the maximum transportation
service requested by SHIPPER to include estimated
cashouts for a three(3) month period, or furnishes
a guaranty from a creditworthy party that said
creditworthy party will be responsible for payment
of all charges and penalties assessed by COMPANY
but not paid by SHIPPER.