Mississippi River Transmission Corp.

Original Volume No. 1-A

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 04/01/1993, Docket: RP93- 4-004, Status: Effective

1 Rev. Second Rev. Sheet No. 47 1 Rev. Second Rev. Sheet No. 47 : Effective

Superseding: First Revised Sheet No. 47

 

TRANSPORTATION

GENERAL TERMS AND CONDITIONS

(Continued)

 

6. STATEMENTS, PAYMENTS AND RECORDS (Continued)

 

information, Transporter shall submit to Shipper an invoice for

billing for the transportation based on such information. In the

event the quantity of gas delivered to or received by Transporter is

not measured at the standard pressure base, the factor to be utilized

to convert such delivered quantities shall be set forth in

Transporter's procedures as may be established and publicized from

time to time. Shipper shall pay Transporter by electronic funds

transfer to a designated bank account established by Transporter for

invoiced amounts equal to or greater than $50,000. For invoiced

amounts less than $50,000, Shipper shall pay Transporter by check to

Transporter's designated office, Post Office Box or at Shipper's

election by electronic funds transfer to a designated bank account

established by Transporter. Payments shall be made by Shipper to

Transporter within ten (10) days from the date on which the bill is

sent via mail or telefaxed for all charges billed in accordance with

the provisions of this tariff. Payments made by electronic funds

transfer shall be considered to have been made on the date when such

payment of good funds is received by Transporter.

 

6.2 In the event Shipper fails to pay all of the amount due

Transporter within the ten day period, interest thereon shall accrue

from the due date at the maximum allowable interest permitted under

and in accordance with Section 154.67 or any superseding regulations

of the Commission. If such failure to pay continues for thirty (30)

days after payment is due, Transporter, upon ten (10) days' written

notice to Shipper, may suspend further receipt and/or delivery of gas

until such amount is paid, or satisfactory credit arrangements have

been made in accordance with Section 12.4 of the Transportation

General Terms and Conditions. If Shipper fails to pay or make

satisfactory credit arrangements within such ten (10) day notice

period, Transporter, in addition to any other remedy it may have

hereunder, may, upon thirty (30) days' written notice to Shipper,

terminate further receipt and/or delivery of gas on behalf of

Shipper. If Shipper in good faith shall dispute the amount of any

such statement, Shipper shall nevertheless pay to Transporter such

amount and, at any time thereafter within thirty (30) days of a

demand made by Shipper, Transporter shall furnish a good and

sufficient surety bond guaranteeing refund to Shipper of the amount

ultimately found overpaid by Shipper following a final determination

which may be reached either by agreement or judgment of the courts,

as may be the case.