T.W. Phillips Pipeline Corp.
Original Volume No. 1
Contents / Previous / Next / Main Tariff Index
Effective Date: 01/01/2010, Docket: RP10-141-000, Status: Effective
Original Sheet No. 60 Original Sheet No. 60
GENERAL TERMS AND CONDITIONS
19.4. Payments received shall be applied first to accrued interest, then to the pre-
viously outstanding principal due, lastly, to the most current principal due.
19.5. If Shipper disputes the amount of any invoice for any reason, Shipper shall notify
Transporter of the dispute within ten (10) business days after receipt of the
invoice. If Shipper fails to notify Transporter of the dispute within ten (10)
business days, the disputed invoice shall be paid in full according to the term
of the FT or IT Agreement, but the payment shall be subject to the interest rate
determined in accordance with Section 154.501(d) of the Commission’s regulations.
Any refund due to Shipper under this section shall be due and payable fifteen (15)
days after the final resolution of the dispute.
19.6. If an invoice is in dispute, Shipper shall pay the portion not in dispute and
provide documentation identifying the basis for the dispute. If Shipper in good
19.6.1. Disputes the amount of any such bill or part thereof;
19.6.2. Pays to Transporter such amounts as it concedes to be correct;
19.6.3. Provides Transporter with a written notice including a full description
of the reasons for the dispute, together with copies of supporting docu-
19.6.4. At any time thereafter within twenty (20) days of a demand made by Trans-
porter furnishes good and sufficient surety bond or other mutually agree-
able security guaranteeing payment to Transporter of the amount ultimately
found due upon such bill after a final determination which may be reached
either by agreement or judgment of the courts, as may be the case, then
Transporter shall not be entitled to suspend further transportation ser-
vices because of such non-payment pursuant to this section unless and
until default be made in the conditions of such bond.