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. 117 Original Sheet No. 117
GENERAL TERMS AND CONDITIONS
2. QUALIFICATION FOR SERVICE (Cont'd.)
(ix) the nature of the Shipper's business and the effect on
that business of general economic conditions and
economic conditions specific to it, including
Shipper's ability to recover the costs of
Transporter's services through filings with regulatory
agencies or otherwise to pass on such costs to its
(x) any other information obtained that is relevant to
Shipper's current and future financial strength.
(xi) Consistent financial statement analysis will be
applied by Transporter to determine the acceptability
of Shipper's current and future financial strength.
Shipper's balance sheets, income statements, cash flow
statements and auditor's notes will be analyzed along
with key ratios and trends regarding liquidity, asset
management, debt management, debt coverage, capital
structure, operational efficiency and profitability.
(xii) Results of bank and trade reference checks and credit
reports must demonstrate that a Shipper is paying its
obligations in a timely manner.
(c) Transporter may, either upon the request for service or at
any future time after initiation of service, as Transporter
deems necessary, conduct ongoing credit evaluations of
Shipper. Shipper shall furnish the information in Sections
2.1 and 2.2 above, within three (3) Business Days of
If Transporter determines that a Shipper is non-creditworthy
based upon Transporter's credit evaluation, Transporter will
provide Shipper with written notification including the
reason(s) for its determination. Transporter shall not be
required to commence or to continue service under any rate
schedule on behalf of any Shipper who is or has become non-
creditworthy or who, at Transporter's request fails to
demonstrate creditworthiness and loses its creditworthiness