Sabine Pipe Line Company LLC

Original Volume No. 1

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Effective Date: 09/01/2005, Docket: RP05-455-000, Status: Effective

Original Sheet No. 300 Original Sheet No. 300 : Effective

 

24. CREDIT

 

24.1 Creditworthiness of Shipper

 

Sabine shall not be required to perform or to continue

transportation service under this FERC Gas Tariff or any

Service Agreement on behalf of any Shipper who is or who

has become insolvent or who, at Sabine's request, fails

within a reasonable period to demonstrate creditworthiness.

 

At Sabine's request, Shipper shall provide Sabine the

following information in order for Sabine to analyze

Shipper's creditworthiness: Shipper's latest audited

financial statements, annual report, Form 10-K, a list of

affiliates, three credit references and trade reference

ratings and credit bureau reports. If Sabine requests

additional information to be used for credit evaluation

after the initiation of transportation service, Sabine,

contemporaneous with the request, shall provide its

reason(s) for requesting the additional information to

Shipper and designate to whom the response should be sent.

Sabine and Shipper may mutually agree to waive this

requirement.

 

Upon receipt of either an initial or follow-up request from

Sabine for information to be used for creditworthiness

evaluation, Shipper's authorized representative(s) shall

acknowledge receipt of Sabine's request. Sabine and

Shipper may mutually agree to waive this requirement.

 

Shipper's authorized representative(s) shall respond to

Sabine's request for credit information, as allowed by

Sabine's tariff, on or before the due date specified in the

request. Shipper shall provide all the credit information

requested by Sabine or provide the reason(s) why any of the

requested information was not provided.