Mobile Bay Pipeline Company
Second Revised Volume No. 1
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Effective Date: 02/01/1994, Docket: GT94- 18-000, Status: Effective
Original Sheet No. 97 Original Sheet No. 97 : Effective
GENERAL TERMS AND CONDITIONS
(b) Two (2) financial institution references and at least four
(4) trade references.
4.2 Credit Evaluation
(a) Transporter's credit evaluation procedures will result in
the establishment of maximum dollar credit limits on a
standardized nondiscriminatory basis for any applicant.
The amount owed Transporter by Shipper, including without
limitation the value of any imbalance gas, shall not at any
time exceed the maximum dollar credit limit established for
(b) Transporter's standard objective credit criteria shall
include all of the following:
(i) The application of consistent credit evaluation
practices to determine the acceptability of
Shipper's overall financial condition, working
capital and profitability trends.
(ii) The results of reference checks and any credit
reports submitted in accordance with Section 4.1
above must show that Shipper's obligations are being
paid on a timely basis.
(iii) Consideration of whether Shipper or any parent
entity has pending a petition in bankruptcy or the
entry of a decree or order, continuing unstayed and
in effect for a period of sixty (60) consecutive
days, by a court having jurisdiction adjudging the
1) declaring the Shipper as bankrupt or