Stingray Pipeline Company, L. L. C.

Third Revised Volume No. 1

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Effective Date: 11/01/2008, Docket: RP08-436-000, Status: Effective

Third Revised Sheet No. 174 Third Revised Sheet No. 174

Superseding: Second Revised Sheet No. 174

 

GENERAL TERMS AND CONDITIONS

 

 

16.15 QUALIFICATION FOR PARTICIPATION IN THE CAPACITY RELEASE

PROGRAM

 

(a) Any person wishing to become a Qualified Bidder and

make a Qualified Bid must satisfy the creditworthiness

requirements in Section 14 of these General Terms and

Conditions prior to submitting a Qualified Bid under

this Section 16. A person cannot bid for services

which exceed its pre-qualified level of credit-

worthiness. Stingray shall process--and encourages--

applications from potential Qualified Bidders seeking

prequalification for bids they may make in the future.

 

(b) Credit applications shall be completed in full with

all information required to establish creditworthiness

under the credit criteria included in Section 14 of

these General Terms and Conditions. Should a

potential bidder fail to satisfy such credit criteria,

the potential bidder may still become a Qualified

Bidder by providing a prepayment, letter of credit,

security interest or guarantee satisfactory to

Stingray as further set forth in Section 14 of these

General Terms and Conditions.

 

(c) Based on Stingray's continuing review of a Shipper's

financial records, Stingray shall have the right to

amend a Shipper's line of credit and lower or increase

the quantity and term.

 

(d) Stingray's determination of a Shipper's

creditworthiness is solely for Stingray's purposes

under Stingray's Tariff and such determination is

neither a representation nor a guarantee to a

Releasing Shipper or any other entity as to the

ability of a Replacement or Subreplacement Shipper to

pay any outstanding amount under a Released

Transportation Service Contract.