Stingray Pipeline Company, L. L. C.

Third Revised Volume No. 1

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Effective Date: 09/01/2005, Docket: RP05-499-000, Status: Effective

Original Sheet No. 142A Original Sheet No. 142A : Effective

 

 

 

GENERAL TERMS AND CONDITIONS

 

 

14. EVALUATION OF CREDIT (Con't)

 

(c) Stingray's credit appraisal procedures involve

the establishment of dollar credit limits on a

standardized, nondiscriminatory basis. To the

extent that a Shipper's accounts with Stingray

do not exceed such limit, and Shipper has met

all creditworthiness requirements as determined

in periodic credit reviews by Stingray, which

reviews may be conducted on at least an annual

basis, no new credit appraisals shall be

required when an existing Agreement is amended

or a request for a new Agreement is made,

provided that Shipper's payment history has been

satisfactory and there is no bona fide basis for

questioning Shipper's creditworthiness.

 

(d) At any time after the Shipper is determined to

be noncreditworthy by Stingray, the Shipper may

initiate a creditworthiness re-evaluation. As

part of the reevaluation request, the Shipper

should either update or confirm in writing the

prior information provided to Stingray 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.

 

(e) After a Transportation Service Provider's (TSP)

receipt of Shipper's request for re-evaluation,

including all required information pursuant to

NAESB WGQ Standard 0.3.8 ("SR's Request"), within

five (5) Business Days, Stingray 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 Stingray'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 Stingray's tariff or if the parties

mutually agree to some later date.