High Island Offshore System, L.L.C.

Third Revised Volume No. 1

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Effective Date: 09/01/2005, Docket: RP05-439-000, Status: Effective

Original Sheet No. 88A Original Sheet No. 88A : Effective

 

 

 

 

GENERAL TERMS AND CONDITIONS

((Continued)

 

 

 

5.6 The Shipper should designate up to two representatives who are authorized

to receive notices regarding the Shipper's creditworthiness, including

requests for additional information, pursuant to the applicable NAESB WGQ

standards and should provide to HIOS the Internet e-mail addresses of such

representatives prior to the initiation of service. Written requests and

responses should be provided via Internet E-mail, unless otherwise agreed

to by the parties. The obligation of HIOS to provide creditworthiness

notifications is waived until the above requirement has been met. The

Shipper should manage internal distribution of any creditworthiness

notices that are received.

 

HIOS should designate, on its Internet website or in written notices to

the Shipper, the Internet e-mail addresses of up to two representatives

who are authorized to receive notices regarding the Shippers'

creditworthiness. The Shipper's obligation to provide confirmation of

receipt is met by sending such confirmation to such representatives, and

HIOS should manage internal distribution of any such confirmation.

 

5.7 At any time after the Shipper is determined to be non-creditworthy by

HIOS, the Shipper may initiate a creditworthiness re-evaluation by HIOS.

As part of the Shipper's re-evaluation request, the Shipper should either

update or confirm in writing the prior information provided to HIOS

related to the Shipper's creditworthiness. Such update should include any

event(s) that the Shipper believes could lead to a material change in the

Shipper's creditworthiness.

 

5.8 After HIOS's receipt of a Shipper's request for re-evaluation, including

all required information pursuant to NAESB WGQ Standard 0.3.8 ("Shipper's

Request"), within five (5) Business Days, HIOS should provide a written

response to the Shipper's Request. Such written response should include

either a determination of creditworthiness status, clearly stating the

reason(s) for HIOS's decision, or an explanation supporting a future date

by which a re-evaluation determination will be made. In no event should

such re-evaluation determination exceed twenty (20) Business Days from the

date of the receipt of the Shipper's Request unless specified in HIOS's

tariff or if the parties mutually agree to some later date.

 

5.9 In complying with the creditworthiness related notifications pursuant to

the applicable NAESB WGQ standards, the Shipper(s) and HIOS may mutually

agree to other forms of communication in lieu of Internet E-mail

notification.