National Fuel Gas Supply Corporation

Third Revised Volume No. 1

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Effective Date: 08/01/1993, Docket: RS92- 21-001, Status: Effective

Original Sheet No. 141 Original Sheet No. 141 : Superseded

 

 

GENERAL TERMS AND CONDITIONS

 

 

5. BILLING AND PAYMENT

 

5.1 Statements. A statement shall be submitted by Transporter to

Shipper on or before the tenth (10th) day of each calendar

month for all services furnished hereunder during the

preceding billing period. When information necessary for

billing purposes is in the control of Buyer, Buyer shall

furnish such information to Seller on or before the fifth

(5th) day following the date of the final meter reading of

each month.

 

5.2 Payments. Shipper shall pay Transporter by wire transfer of

Federal Funds which are made immediately available to

Transporter at such bank account as Transporter shall

designate, on or before the twenty-fifth (25th) day of the

month in which the bill is received, for all services rendered

by Transporter during the preceding billing period, as shown

by the statement, except when the twenty-fifth (25th) day of

the month is a Saturday or Sunday or federal bank holiday, in

which case payment is due on the following business day.

Provided, however, a Shipper whose monthly statement total

amount due is less than $50,000.00 may elect to make payment

by check to be received by Transporter on or before the

twenty-fifth (25th).

 

5.3 Verification and Correction of Errors. Both Transporter and

Shipper shall have the right to examine, at reasonable times,

books, records and charts of the other to the extent necessary

to verify the accuracy of any statement, charge or computation

made under or pursuant to any of the provisions of the

underlying gas sales contract or transportation contract. If

an error is discovered in any statement, such error shall be

adjusted, provided that the claim of error and request for

adjustment shall have been made within twelve (12) months from

the date of such statement.

 

5.4 Delayed Payment. Should Shipper fail to pay all of the amount

of any bill, as herein provided, when such amount is due,

interest on the unpaid portion of the bill shall accrue at the

then effective prime interest rate (Chase Manhattan Bank).

Transporter may suspend service to any Shipper which is

delinquent in payments, provided that Transporter shall give

Shipper written notice of the delinquency and of Transporter's

intent to suspend if the delinquency is not remedied within

fifteen (15) days of the date of the notice. Transporter may

terminate service to any Shipper which is delinquent in