Destin Pipeline Company, L.L.C.

Original Volume No. 1

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Effective Date: 01/14/2005, Docket: RP05-123-000, Status: Effective

First Revised Sheet No. 92 First Revised Sheet No. 92 : Effective

Superseding: Original Sheet No. 92

GENERAL TERMS AND CONDITIONS

(Continued)

 

15.3 Invoice Disputes and Interest on Unpaid Amounts:

 

If SHIPPER disputes, in good faith, the amount of any

invoice from COMPANY, it shall provide a description

and supporting documentation of its position and timely

submit payment of the amount it states is due to

COMPANY along with remittance detail. COMPANY shall

apply such payment in accordance with SHIPPER's

documentation. SHIPPER agrees that COMPANY's

acceptance of a partial payment does not waive

COMPANY's right to full payment after resolution of the

disputed invoice in the future.

 

Should SHIPPER fail to pay any amount when due,

interest on the unpaid amount shall accrue at the rate

equal to the rate then set forth in Section 154.501(d)

of the Commission's Regulations from the date payment

was due until payment is made. COMPANY agrees to waive

interest charges on a late payment if such charge is

not in excess of $100.00 or if SHIPPER, through no

fault of its own, fails to receive its monthly invoice

by the payment due date and notifies COMPANY of such

failure. If any such failure to make payment continues

for twenty (20) days or more, COMPANY may suspend the

further transportation of gas upon ten (10) days' prior

written notice to SHIPPER and the Commission, but the

exercise of such right shall be in addition to any

other remedy available to COMPANY; provided, however,

that if SHIPPER, in good faith, has disputed the amount

of any such bills or parts thereof and paid COMPANY in

a timely manner such amounts as it concedes to be

correct and, at any time thereafter within thirty (30)

days of a demand made by COMPANY, shall furnish a good

and sufficient surety bond in an amount and with

sureties satisfactory to COMPANY conditioned upon the

payment of any amounts ultimately found due upon such

bills after a final determination, which may be reached

either by agreement or judgment of the courts, as the

case may be, then COMPANY shall not be entitled to

suspend further delivery of gas unless and until

default be made in the