Gulf South Pipeline Company L P

Sixth Revised Volume No. 1

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Effective Date: 07/01/2002, Docket: RP02-313-000, Status: Effective

First Revised Sheet No. 3610 First Revised Sheet No. 3610 : Effective

Superseding: Original Sheet No. 3610

 

GENERAL TERMS AND CONDITIONS

Section 29

(Continued)

 

(3) Obligations of Potential, Prearranged or Replacement

Customers

 

Before submitting any bid, commencing service and/or

contracting with Gulf South, a Potential, Prearranged

and/or Replacement Customer must satisfy Gulf South's

credit requirements as outlined in Section 5 of these

General Terms and Conditions. Any entity may seek

pre-approval under Gulf South's credit requirements

and, upon satisfaction of such requirements, be

placed on Gulf South's approved bidders' list;

provided, however, no entity, including, but not

limited to, Releasing Customer, shall be entitled to

rely on any credit appraisal performed by Gulf South

of any Potential, Prearranged or Replacement

Customer. Moreover, no Releasing Customer may

establish a separate creditworthiness standard which

differs from the one required by Gulf South. All

bids submitted shall be binding on the Potential or

Prearranged Customer upon receipt by Gulf South;

provided, however, a bidder may withdraw its bid

prior to the close of the Bid Period of said bid by

providing its withdrawal in written or electronic

form to Gulf South. Bids cannot be withdrawn after

the bid period ends.