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.