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

(Continued)

 

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

faith:

 

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-

ments; and

 

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.