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. 336 Original Sheet No. 336
GENERAL TERMS AND CONDITIONS
(CONTINUED)
27. CREDITWORTHINESS (continued)
27.3 Credit Requirements for short-term Shippers (contracts less than
1 year). Shipper shall establish credit in accordance with
Section 27.2.
(a) If a Shipper fails to establish creditworthiness as
provided in Section 27.2, Shipper may still receive
Transportation Service if, and only if, Shipper furnishes
and maintains in effect one of the following at Shipper's
discretion and acceptable to Transporter: (i) a written
guarantee for unconditional payment from a third party
which is creditworthy as determined above; or (ii) an
irrevocable standby letter of credit; or (iii) a prepayment
amount equal to the amount which would be charged to
Shipper for three (3) Month's service or the term of
service, whichever is less, plus an amount equal to the
three highest Cashout payments, if any incurred during the
previous twelve months, plus an amount equal to the cost of
Gas associated with any lending requirements requested
under Rate Schedule PALS (if no prior history exists
between the parties, Transporter shall determine the amount
of advance payment hereunder to be deposited with
Transporter) or (iv) other security acceptable to
Transporter.