Destin Pipeline Company, L.L.C.

Original Volume No. 1

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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.