Sea Robin Pipeline Company

First Revised Volume No. 1

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Effective Date: 12/01/1998, Docket: RP98-365-000, Status: Effective

First Revised Sheet No. 165 First Revised Sheet No. 165 : Superseded

Superseding: Original Sheet No. 165

LIQUEFIABLES TRANSPORTATION AGREEMENT

(Continued)

 

otherwise provided above, which shall enable Transporter to recover the entire portion

and amount of Transporter's cost of service allocated or attributable to such

transportation.

 

ARTICLE VII

 

CREDITWORTHINESS

 

7.1 If at any time Shipper is or becomes insolvent, or fails to demonstrate

creditworthiness, or fails to make payments pursuant to Section 8 of the General Terms

and Conditions, Shipper must provide to Transporter one of the following forms of credit

to enter into or maintain in effect this Agreement: (a) a security deposit or other good

and sufficient surety, as determined by Transporter in its reasonable discretion, in an

amount equal to the cost of performing the maximum transportation service requested by Shipper

for a three (3) month period; or (b) a guarantee from a creditworthy

party that said party will be responsible for payment of all

charges and penalties assessed by Transporter but not paid by Shipper hereunder.

ARTICLE VIII

 

MISCELLANEOUS

 

8.1 This Agreement constitutes the entire Agreement between the parties and

no representation or agreement, oral or otherwise, shall affect the subject matter hereof

unless and until such representation or

agreement is reduced to writing and executed by authorized representatives of the

parties.

 

8.2 The laws of the State of Alabama shall govern the validity, construction,

interpretation, and effect of this Agreement.