Gulf South Pipeline Company L P

Sixth Revised Volume No. 1

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Effective Date: 05/14/2010, Docket: RP10-601-000, Status: Effective

Second Revised Sheet No. 1203 Second Revised Sheet No. 1203

Superseding: Fourth Sub. First Rev. Sheet No. 1203

 

GENERAL TERMS AND CONDITIONS

Section 5

(Continued)

 

(ix) The nature of the Customer's business and the effect

on that business of general economic conditions and

economic conditions specific to it, including

Customer's ability to recover the costs of Gulf

South's services through filings with regulatory

agencies or otherwise to pass on such costs to its

customers.

 

(x) Any other information obtained that is relevant to

Customer's current and future financial strength.

 

(c) Notwithstanding the other provisions of this section 5.2,

a "Small Customer" being defined for purposes of this

section as a Customer utilizing NNS-SCO and/or FTS-SCO

service shall be considered creditworthy based upon

payment history. Specifically, if a Small Customer is

current with its payments to Gulf South, and has not been

delinquent in paying its invoices to Gulf South over the

past twelve months (with good faith billing disputes

excepted), the Small Customer shall be deemed to have met

the creditworthiness standards of section 5.2(b) with

respect to new or existing SCO transportation contracts

with Gulf South.

 

(d) If Gulf South determines that a Customer is non-

creditworthy based upon Gulf South's credit evaluation,

Gulf South will provide the Customer with written

notification including the reason(s) for its

determination.

 

 

 

5.3 Security Requirements

 

 

(a) Based upon the results of Gulf South's credit evaluation,

Gulf South shall have the right to require Customer to

provide security in order to commence or continue service.

A Customer required to post security shall select one of

the following forms of security: a cash prepayment, an

escrow account deposit, an irrevocable letter of credit,