Natural Gas Pipeline Company Of America
Seventh Revised Volume No. 1
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Effective Date: 04/18/2008, Docket: RP08-319-000, Status: Effective
Original Sheet No. 440 Original Sheet No. 440 : Pending
GENERAL TERMS AND CONDITIONS
When capacity is recalled, it may not be reput for
the same gas day.
In the event of a dispute between the Releasing
Shipper and any other person as to the validity of any recall or
reput, or the status of the holder of the capacity rights, Natural
shall be entitled to conclusively rely on any notice provided by the
Releasing Shipper. The Original Shipper, Replacement Shipper and/or
Subreplacement Shipper involved in any such dispute shall indemnify
and hold Natural harmless from any costs, damages or expenses relating
to Natural's reliance on such notice.
19.15 QUALIFICATION FOR PARTICIPATION IN THE CAPACITY RELEASE
(a) Any person wishing to become a Qualified Bidder and
make a Qualified Bid must satisfy the creditworthiness requirements in
Section 16 of these General Terms and Conditions prior to submitting a
Qualified Bid under this Section 19. A person cannot bid for services
which exceed its pre-qualified level of creditworthiness. Natural
shall process--and encourages--applications from potential Qualified
Bidders seeking prequalification for bids they may make in the future.
(b) Credit applications shall be completed in full with
all information required to establish creditworthiness under the
credit criteria included in Natural's rate schedule covering the
applicable transportation on Natural's system. Should a potential
bidder fail to satisfy such credit criteria, the potential bidder may
still become a Qualified Bidder by providing a prepayment, letter of
credit, security interest or guarantee satisfactory to Natural as
further set forth in Section 16 of these General Terms and Conditions.
(c) Based on Natural's continuing review of a Shipper's
financial records, Natural shall have the right to amend a Shipper's
line of credit and lower or increase the quantity and term.