Vector Pipeline L.P.

Original Volume No. 1

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Effective Date: 10/15/2007, Docket: RP07-692-000, Status: Effective

Fifth Revised Sheet No. 126 Fifth Revised Sheet No. 126 : Effective

Superseding: Fourth Revised Sheet No. 126

(b) Where Shipper has been undercharged by Transporter, Shipper

will pay the amount of the undercharge without interest,

provided the undercharge is paid within 30 Days of

determination of the error. Undercharge amounts not paid

within 30 days will be subject to interest charges at the

interest rate determined in accordance with Section

154.501(d) of FERC's regulations from the date of the

statement.

 

Shipper shall have the right to review all records pertaining to

its performance under Shipper's Transportation Agreement to verify

the amount payable by Shipper to Transporter under the

Transportation Agreement in any month, so long as such review

shall be completed within two years following the end of the

calendar year in which such amount is payable. Such review shall

be conducted during normal business hours, upon written request to

Transporter and at Shipper's own expense.

 

4. Pursuant to NAESB Standard 3.3.19, if an invoice is in dispute,

Shipper shall pay the portion not in dispute and provide

documentation identifying the basis for the dispute. If Shipper in

good faith:

 

(a) Disputes the amount of any such bill or part thereof;

 

(b) Pays to Transporter such amounts as it concedes to be

correct;

 

(c) Provides Transporter with a written notice including a full

description of the reasons for the dispute, together with

copies of supporting documents; and

 

(d) At any time thereafter within 20 days of a demand made by

Transporter furnishes good and sufficient surety bond,

guaranteeing payment to Transporter of the amount ultimately

found due upon such bill after a final determination which

may be reached either by agreement or judgment of the

courts, as may be the case, then Transporter shall not be

entitled to suspend further transportation services because

of such non-payment pursuant to section 13.2 unless and

until default be made in the conditions of such bond.

 

5. In the event that Shipper does not pay the full amount due

Transporter in accordance with this section 13, Transporter,

without prejudice to any other rights or remedies it may have,

shall have the right to withhold and set off payment of any

amounts of monies due or owing by Transporter to Shipper, against

any and all amounts or monies due or owing by Shipper to

Transporter for services provided.

 

6. Any payments received under this section 13 shall first be applied

to accrued interest, then to additional charges due, then to the

previously outstanding principal, and lastly, to the most current

principal due.

 

7. Transporter may waive any de minimis payment obligations or late

payment charges accruing under this section 13 to the extent

Transporter determines that the administrative costs associated

with collecting such charges exceed the amount(s) due.