Gulf Crossing Pipeline Company LLC
Original Volume No. 1
Contents / Previous / Next / Main Tariff Index
Effective Date: 12/20/2008, Docket: RP09-61-000, Status: Effective
Original Sheet No. 500 Original Sheet No. 500
GENERAL TERMS AND CONDITIONS
Section 5
5. CREDITWORTHINESS
5.1 Creditworthiness for Transportation Service - Gulf Crossing shall
not be required to perform or to continue transportation service
under its FERC Gas Tariff on behalf of any Customer or Potential
Customer (both referred to in this Section 5 as Customer) that
fails to comply with Gulf Crossing's creditworthiness standards.
If Customer is found by Gulf Crossing to be non-creditworthy,
Gulf Crossing will, upon request, inform Customer in writing as
to the reasons Customer has been deemed non-creditworthy.
If Customer's credit standing ceases to meet Gulf Crossing's
credit requirements during the period of service, Customer must,
within five (5) Business Days, pay for one month of service in
advance to continue service. Customer must, within thirty (30)
Days, provide acceptable security, consistent with Gulf
Crossing's applicable creditworthiness standards. Security
requirements for a Customer who obtained capacity by executing a
precedent agreement before the pipeline was certificated differs
from security requirements for a Customer who obtains capacity
after the pipeline became operational. If Customer fails to
provide the required security within this time frame, Gulf
Crossing may suspend service immediately. Reservation charges
will not accrue or be charged for any day where service is
suspended due to failure to meet credit standards or provide
required security.
Further, Gulf Crossing may provide simultaneous written notice to
Customer and the Commission that it will terminate service in
thirty (30) Days if Customer fails to provide security. Gulf
Crossing also may exercise any other remedy available to Gulf
Crossing hereunder, at law or in equity. Customers shall provide,
initially and on a continuing basis, audited financial
statements, evidence of debt and/or credit ratings, and other
such information as is reasonably requested by Gulf Crossing to
establish or confirm Customer's qualification for service. Credit
limits will be established based on the level of requested
service, including without limitation a value for imbalance Gas,
and Customer creditworthiness, as established by the following: