Young Gas Storage Company, Ltd.
Original Volume No. 1
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Effective Date: 08/01/2010, Docket: RP10-921-000, Status: Effective
Third Revised Sheet No. 94 Third Revised Sheet No. 94
Superseding: Second Revised Sheet No. 94
GENERAL TERMS AND CONDITIONS
(b) Payment. Shipper and Replacement Shipper, as appropriate, shall
pay the invoiced amount within ten (10) calendar days of the
invoice date. Unless otherwise specified in an applicable
Tariff, General Terms and Conditions, or contract, the
effective payment due date of an invoice when such due date
does not fall upon a Business Day (as defined in NAESB Standard
3.2.1) should be the first Business Day following the due date.
(NAESB Standard 3.3.25) Payment received from Shipper and
Replacement Shipper, as appropriate, shall be accompanied by a
payment remittance setting forth the total payment and amount
of payment to apply to late charges pursuant to Section 12.2(c)
and each outstanding invoice by invoice number. Subject to
Section 12.2(c), Transporter shall apply payment per the
payment remittance. If payment is made by electronic funds
transfer (EFT), the remittance detail is due within two
Business Days of the payment due date. (NAESB Standard 3.3.17)
If the invoice is in dispute, Shipper and Replacement Shipper,
as appropriate, shall pay the portion not in dispute and
provide documentation identifying the basis for the dispute.
(c) Late Charges. Should Shipper and/or Replacement Shipper fail to
remit all invoiced amounts when due, Shipper and/or Replacement
Shipper shall pay Transporter a late charge based on the unpaid
balance. Such late charge shall accrue daily from the due date
at a rate of interest equal to, and shall be compounded in
accordance with, the provisions of 18 CFR Section 154.501(d).
Transporter shall not bill interest when such amount is less
than $100. Subject to requirements of regulatory bodies having
jurisdiction and without prejudice to any other rights and
remedies available to Transporter under the law and the
agreement(s), Transporter shall have the right but not the
obligation to discontinue Storage Service hereunder if any
charges remain unpaid for 30 days after the due date thereof.
Storage Service may be resumed upon payment by Shipper of all