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. 213 Original Sheet No. 213 : Effective

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

The imbalance level will be calculated by dividing

the imbalance by the scheduled delivery quantities.

 

(2) The Shipper shall pay Transporter in accordance with

Section 18 of Transporter's General Terms and

Conditions.

 

(D) Imbalance Due Shipper - In the event of an imbalance when

actual allocated receipt quantities exceed actual allocated

delivery quantities at the end of each month, Transporter

will provide a credit on the invoice to the transporting

Shipper.

 

(1) Such credit will be calculated by multiplying the

imbalance by the index price calculated above

multiplied by each of the following factors for the

applicable percentage range:

 

Imbalance Level Factor

0% to 10% 1.00

above 10% to 15% .75

Greater than 15% .50

 

The imbalance level will be calculated by dividing

the imbalance by the scheduled delivery

quantities.

 

(2) If the credit calculated above exceeds the total

charges on the invoice, Transporter will deduct

any previously unpaid amounts from prior invoices

and pay Shipper on or before the 25th of the

month.