Williston Basin Interstate Pipeline Co.
Second Revised Volume No. 1
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Effective Date: 05/11/2009, Docket: RP09-506-000, Status: Effective
Sixth Revised Sheet No. 197 Sixth Revised Sheet No. 197
Superseding: Fifth Revised Sheet No. 197
GENERAL TERMS AND CONDITIONS (Continued)
7. AFFILIATED TRANSACTIONS COMPLIANCE PLAN AND SERVICE REQUEST
7.7. Financial Data for a Credit Evaluation
Transporter's acceptance of a request for service is contingent upon
Shipper satisfying a Credit Evaluation by Transporter. A Credit
Evaluation Form, provided on Transporter's Website under Other
Information, must be completed in full by any Shipper as detailed in
this Section and/or Section 22.1 of these General Terms and Conditions.
7.7.1 Upon receipt of all the information required, Transporter
shall conduct, on a non-discriminatory basis, a financial
evaluation to determine the acceptability of a Shipper's overall
financial condition. Such credit evaluation and any further or
on-going credit evaluation, as may be necessary, shall be based
upon the following information and criteria.
22.214.171.124 Shipper shall provide current financial
statements (audited if available), annual reports, 10-K
reports or other filings with regulatory agencies which
discuss Shipper's financial status, a list of all corporate
affiliates, parent companies and subsidiaries, and any
reports from credit reporting and bond rating agencies that
126.96.36.199 Shipper shall provide a bank reference and at
least two trade references.
188.8.131.52 Shipper shall confirm in writing that Shipper is
not operating under any chapter of the bankruptcy laws and
is not subject to liquidation or debt reduction procedures
under state laws, such as an assignment for the benefit of
creditors, or any informal creditors' committee agreement.
An exception can be made for a Shipper who is a debtor in