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First Revised Sheet No. 165 First Revised Sheet No. 165 : Superseded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