Quest Pipelines (Kpc)

Second Revised Volume No. 1

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Effective Date: 02/01/2008, Docket: RP08-174-000, Status: Effective

Original Sheet No. 177 Original Sheet No. 177 : Effective

 

GENERAL TERMS AND CONDITIONS (continued)

 

16.1 (a) Payment

 

Shipper shall pay KPC by Electronic Funds Transfer to a

designated bank account established by KPC for billed

amounts equal to or greater than $100,000. For billed

amounts less than $100,000 Shipper shall pay KPC by check to

KPC's designated Post Office Box or at Shipper's election by

Electronic Funds Transfer to a designated bank account

established by KPC. Payments shall be made by Shipper to

KPC within Ten (10) Days from the date on which the bill is

sent (Due Date) for all charges billed in accordance with

the provisions of the applicable Rate Schedules. Payments

made by Electronic Funds Transfer shall be considered to

have been made on the date when such payment of good funds

is received by KPC.

 

(b) Unpaid and Disputed Bills

 

(i) If invoice is in dispute, pay portion not in dispute

and provide documentation identifying basis for the

dispute. Should Shipper fail to pay part or all of

the amount of any such bill, interest thereon shall

accrue at an average prime interest rate computed in a

manner consistent with Section 154.501(c)(2) (iii) of

the Commission's Regulations, from the Due Date until

date of receipt of payment by KPC. If such failure to

pay continues Thirty (30) Days after payment is due,

KPC, in addition to any other remedy it may have, may

suspend further service to Shipper until such amount

is paid after KPC provides Shipper with Twenty (20)

Days prior written notice; provided, however, that if

Shipper in good faith disputes in writing the amount

of any such bill or parts thereof and pays to KPC such

amounts as it concedes to be correct, and at any time

thereafter within Thirty (30) Days of demand made by

KPC shall furnish a good and sufficient surety bond