High Island Offshore System, L.L.C.
Third Revised Volume No. 1
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Effective Date: 10/01/2007, Docket: RP06-540-004, Status: Effective
Fifth Revised Sheet No. 88 Fifth Revised Sheet No. 88 : Effective
Superseding: Substitute Fourth Revised Sheet No. 88
GENERAL TERMS AND CONDITIONS
5.1 HIOS shall not be required to perform or to continue to perform service
under Rate Schedules FT-1, FT-2, and IT on behalf of any Shipper who is or
has become insolvent, or who, at HIOS' request, fails within a reasonable
period to demonstrate in HIOS' reasonable determination, the ability to pay
all anticipated transportation charges when due for at least three (3)
months from the time of demonstration; provided, however, such Shipper may
receive service under Rate Schedules FT-1, FT-2, and IT if Shipper prepays
for such service or furnishes good and sufficient security, as determined
by HIOS in its reasonable discretion, in an amount equal to the cost of
performing the service requested by Shipper for a three month period, such
cost to be determined by multiplying the Shipper's MDQ by the number of
days in such three month period multiplied by the applicable overrun rate
per Dth, as set forth on Sheet No. 10 of this Tariff. Also refer to
Section 2.2(k) and 10.2 of these General Terms and Conditions.
5.2 If HIOS requests additional information to be used for credit evaluation after
the initiation of service, HIOS, contemporaneous with the request, should
provide its reason(s) for requesting the additional information to the Shipper
and designate to whom the response should be sent. HIOS and the Shipper may
mutually agree to waive the requirements of this standard.
5.3 Upon receipt of either an initial or follow-up request from HIOS for information
to be used for creditworthiness evaluation, the Shipper's authorized
representative(s) should acknowledge receipt of HIOS's request. HIOS and the
Shipper may mutually agree to waive the requirements of this standard.
5.4 The Shipper's authorized representative(s) should respond to HIOS's request for
credit information, as allowed by HIOS's tariff, on or before the due date
specified in the request. The Shipper should provide all the credit information
requested by HIOS or provide the reason(s) why any of the requested information
was not provided.
5.5 Upon receipt from the Shipper of all credit information provided pursuant to
applicable NAESB WGQ standards, HIOS should notify the Shipper's authorized
representative(s) that it has received such information. HIOS and the Shipper
may mutually agree to waive the requirements of this standard.