Empire Pipeline, Inc.

Original Volume No. 1

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Effective Date: 12/10/2008, Docket: CP06-5-010, Status: Effective

Original Sheet No. 114 Original Sheet No. 114

 

GENERAL TERMS AND CONDITIONS

 

 

2. QUALIFICATION FOR SERVICE (Cont'd.)

 

 

(iv) a description of the business, including a statement

as to the length of time the Shipper has been

operating and its principal officers;

 

(v) a list of owners and/or shareholders of Shipper, and

their ownership interests, if privately held;

 

(vi) a list of related entities including Shipper's

affiliate(s), parent(s) and subsidiaries;

 

(vii) bank references and at least two (2) trade references;

 

(viii)a written statement confirming that Shipper is not

operating under any chapter of the bankruptcy laws,

subject to liquidation or debt reduction procedures

under state laws, such as assignment for the benefit

of creditors, or any informal creditors' committee

agreement, or considering the possibility of

bankruptcy protection (or for non-U.S. based Shippers,

an equivalent proceeding);

 

(ix) D-U-N-S® number, or in the case of a sole

proprietorship or general partnership comprised of

individuals, social security number(s) of

principal(s);

 

(x) any other information that is relevant to Shipper's

current and future financial strength. Shipper shall

have a continuing obligation to provide Transporter

with updated information regarding any change to

Shipper's organizational structure, such as, but not

limited to, a change in its name, ownership, or legal

composition, and any material adverse change to its

financial condition.

 

 

(b) Criteria for Creditworthiness Determination

 

Acceptance of a Shipper's request for service and the

continuation of service are contingent upon the Shipper

satisfying, on an on-going basis, a credit evaluation by

Transporter.