Oktex Pipeline Company
Original Volume No. 1
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Effective Date: 10/01/2002, Docket: RP02-472-000, Status: Effective
Sixth Revised Sheet No. 27 Sixth Revised Sheet No. 27 : Effective
Superseding: Fifth Revised Sheet No. 27
4. Remedies for Nonpayment. Should Shipper fail to pay any or all of the
amount of any bill as herein provided when such amount is due, Shipper shall
pay a Charge for Late Payment which shall be included by Transporter on the
next regular monthly bill rendered to Shipper. Such Charge for Late Payment
shall be determined by multiplying (a) the unpaid portion of the bill by (b)
the ratio of the number of days from the due date to the date of actual
payment to 365 by (c) the applicable rate of interest calculated in accordance
with Section 154.67 of the Commission's regulations. If such failure to pay
continues for thirty (30) days after payment is due, Transporter, in addition
to any other remedy it may have under the Gas Transportation Contract, may,
after any required application to and authorization by the Federal Energy
Regulatory Commission, suspend further transportation of gas until such amount
is paid, and if such default continues for thirty (30) additional days,
Transporter may thereafter, in addition to any other remedy it may have under
the Gas Transportation Contract, terminate said contract in accordance with
the provisions of Section 4 of Article XII hereof, provided, however, that if
Shipper in good faith shall dispute the amount of any bill or part thereof and
shall pay Transporter such amount as it concedes to be correct and at any time
within thirty (30) days after a demand made by Transporter shall furnish good
and sufficient surety bond, guaranteeing payment to Transporter of the amount
ultimately found due upon such bills 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, with respect to such non-payment, be entitled to
seek to suspend further delivery of gas unless and until default be made in
the conditions of such bond.
5. Adjustment of Underpayment, Overpayment or Error in Billing. If it
shall be found that at any time or times Shipper has been overcharged or
undercharged in any form whatsoever under the provisions of the Gas
Transportation Contract and Shipper shall have actually paid the bills
containing such overcharge or undercharge, then within thirty (30) days after
the final determination thereof, Transporter shall refund the amount of any
such overcharge, and Shipper shall pay the amount of any such undercharge,
provided, however, that interest calculated in accord with Section 4 of this
Article VII shall apply to any undercharge not paid within thirty (30) days
from the date of Transporter's notification to Shipper of the amount of the
undercharge. In the event an error is discovered in the amount billed in any
statement rendered by Transporter, such error shall be adjusted within thirty
(30) days of the final determination thereof provided that claim therefor
shall have been made within sixty (60) days from the date of discovery of such
error but, in any event, within twenty-four (24) months from the date of
payment.
6. Right of Examination. Both Transporter and Shipper shall have the
right to examine at any reasonable time the books, records and charges of the
other to the extent necessary to verify the accuracy of any statement, chart
or computation made under or pursuant to the provision of this Tariff or the
Gas Transportation Contract between Transporter and Shipper.
7. Invoicing Standards. Refer to NAESB Standards 3.3.2, 3.3.4
through 3.3.13, 3.3.26, 3.4.1through 3.4.4.