Trunkline LNG Company
Original Volume No. 1
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Effective Date: 12/01/1989, Docket: CP87-418-001, Status: Effective
Original Sheet No. 61 Original Sheet No. 61 : Effective
RATE SCHEDULE PLNG-2 (Continued)
National shall not be obligated to cause the receipt from TLC
of regasified LNG which does not meet these specifications.
ARTICLE VII
Statements and Payments
7.1 Pan National shall provide TLC with the information
necessary to make the computation required by section 4.3(b)
within 15 days after the end of each month, and TLC shall send
a bill for the month to Pan National promptly thereafter.
Charges may be based on estimated data if actual data are not
available in time to prepare the billing. In that event, TLC
shall provide an adjustment based on any difference between
actual data and the previously estimated data in the next
monthly bill after actual data become available.
7.2 Pan National shall pay TLC by the 25th day of the
month for all amounts billed for the prior month in accordance
with the provisions of this Agreement. Should Pan National
fail to pay part or all of the amount of any such billing,
interest thereon shall accrue at the prime rate of interest in
effect at Citibank, New York, N.A., from the due date until
date of payment. If such failure to pay continues for 30 days
after payment is due, then TLC, in addition to any other remedy
it may have, may suspend further receipt of LNG and/or
redelivery of regasified LNG until such amount is paid.
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