Southeast Supply Header, LLC
Original Volume No. 1
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Effective Date: 09/04/2008, Docket: CP07-44-005, Status: Effective
Original Sheet No. 254 Original Sheet No. 254
GENERAL TERMS AND CONDITIONS
(CONTINUED)
10. PAYMENTS
10.1 All payments for invoices due to Transporter by Shipper shall be
made by Shipper to a depository designated by Transporter via
electronic funds transfers within ten (10) Days of the Day the
invoice is rendered, (the "Payment Due Date"). Shipper shall
submit any necessary supporting documentation with its payment
except as provided below; Transporter shall apply payment per
supporting documentation provided by Shipper, and if payment
differs from the invoiced amount, remittance detail shall be
provided with the payment except when payment is made by
electronic funds transfer (EFT), in which case, the remittance
detail is due within two Business Days of the payment date.
Invoice number(s) shall be identified on all payments. If
presentation of an invoice to Shipper is delayed after the 10th
Day of the Month, the Payment Due Date shall be extended by an
equal number of Days, unless Shipper is responsible for such
delay.
10.2 Should Shipper fail to pay all of the amount of any invoice as
herein provided, on or before the Payment Due Date, Shipper shall
pay a charge for late payment which shall be included by
Transporter on the next regular Monthly bill rendered to Shipper
under this Section 10. Such charge for late payment shall be
determined by multiplying (a) the unpaid portion of the invoice,
by (b) the ratio of the number of Days from the Payment Due Date
to the date of actual payment to 365 (366 in a leap year), by (c)
the interest rate determined in accordance with Section
154.501(d) of FERC's regulations. If such failure to pay
continues for 30 Days after the Payment Due Date, Transporter, in
addition to any other remedy it may have under the relevant
Agreement, may terminate such Agreement and suspend further
delivery of Gas, provided Transporter provides Shipper and the
Commission with 30 Days prior written notice of such termination
and provided further such termination shall not be effective if,
prior to the date of termination Shipper complies with the
billing dispute procedure in Section 10.4 of the General Terms
and Conditions of Transporter's Tariff.