Kinder Morgan Louisiana Pipeline LLC
Original Volume No. 1
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Effective Date: 03/01/2009, Docket: RP09-257-000, Status: Effective
Original Sheet No. 210 Original Sheet No. 210
GENERAL TERMS AND CONDITIONS
When capacity is recalled, it may not be reput for
the same 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, KMLP 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 KMLP harmless from any costs, damages or expenses relating to
KMLP's reliance on such notice.
14.15 QUALIFICATION FOR PARTICIPATION IN THE CAPACITY
(a) Any person wishing to become a Qualified Bidder and
make a Qualified Bid must satisfy the creditworthiness requirements in
Section 12.1(a) of these General Terms and Conditions prior to
submitting a Qualified Bid under this Section 14. A person cannot bid
for services which exceed its pre-qualified level of credit-
worthiness. KMLP 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 Section 12.1(a) of these General Terms and
Conditions. 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 KMLP as further set forth in Section 12.1(b)
of these General Terms and Conditions.
(c) Based on KMLP's continuing review of a Shipper's
financial records, KMLP shall have the right to amend a Shipper's line
of credit and lower or increase the quantity and term, subject to
Section 12.2 of these General Terms and Conditions.