Cove Point LNG Limited Partnership
Second Revised Volume No. 1
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Effective Date: 06/14/2000, Docket: RP00-389-000, Status: Effective
Original Sheet No. 108 Original Sheet No. 108 : Effective
GENERAL TERMS AND CONDITIONS
(Continued)
3. REQUESTS FOR SERVICE (Continued)
(c) Credit Data. Except as provided in Section (b) above, Requestor shall submit with
its completed Request for Service Form the following credit evaluation data:
(i) a copy of Requestor's current financial statement prepared within the twelve
months preceding the date of the request for service;
(ii) a copy of Requestor's most recent Annual Report and, if applicable, most
recent Forms 10-Q and 10-K; provided that if Requestor has no Annual Report or
Forms 10-Q or 10-K it must provide its most recent audited financial statement
and financial report, any current filings with other regulatory agencies that
discuss Requestor's financial condition, and a detailed business description
that includes Requestor's corporate form, the number of years or months it has
been in business, the nature of its business, and the number of its employees;
(iii) a list of Requestor's affiliates, including any parent and subsidiary
companies;
(iv) the names, addresses and telephone numbers of three trade references with whom
Operator may make reasonable inquiry into Requestor's creditworthiness, and
copies of any available reports from credit reporting and bond rating
agencies;
(v) names, addresses, and telephone numbers of bank references;
(vi) disclosure of past or pending bankruptcy or other similar state or federal
proceedings, outstanding judgments or pending claims or lawsuits that could
affect the solvency of Requestor; and
(vii) any other data Buyer desires to submit that would assist Operator in
determining creditworthiness.
In lieu of submitting all or any part of the data required by this Section (c), a
Requestor that has submitted such data to Operator within the past twelve (12) months
may certify that all or any part of such data has not changed in any manner material
to creditworthiness and may update items that have materially changed.
(d) Advance Determinations. A prospective Buyer, or existing Buyer may submit the data
required in this Section 3 for an advance determination of creditworthiness by
Operator prior to bidding for or requesting new or increased service.
(e) Deficient Requests. Operator shall promptly notify a Requestor whose request is
deficient. Such notice shall identify the deficiencies that must be corrected in
order to make a valid request to Operator. If the deficient information is supplied
within fifteen (15) days, then the Request shall be considered complete as originally
filed.
(f) Material Changes. If any information provided by Requestor pursuant to this Section
materially changes, Requestor shall provide Operator with prompt written notification
of such changes.