Stingray Pipeline Company, L. L. C.
Third Revised Volume No. 1
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Effective Date: 11/01/2008, Docket: RP08-436-000, Status: Effective
Third Revised Sheet No. 174 Third Revised Sheet No. 174
Superseding: Second Revised Sheet No. 174
GENERAL TERMS AND CONDITIONS
16.15 QUALIFICATION FOR PARTICIPATION IN THE CAPACITY RELEASE
(a) Any person wishing to become a Qualified Bidder and
make a Qualified Bid must satisfy the creditworthiness
requirements in Section 14 of these General Terms and
Conditions prior to submitting a Qualified Bid under
this Section 16. A person cannot bid for services
which exceed its pre-qualified level of credit-
worthiness. Stingray shall process--and encourages--
applications from potential Qualified Bidders seeking
prequalification for bids they may make in the future.
(b) Credit applications shall be completed in full with
all information required to establish creditworthiness
under the credit criteria included in Section 14 of
these General Terms and Conditions. Should a
potential bidder fail to satisfy such credit criteria,
the potential bidder may still become a Qualified
Bidder by providing a prepayment, letter of credit,
security interest or guarantee satisfactory to
Stingray as further set forth in Section 14 of these
General Terms and Conditions.
(c) Based on Stingray's continuing review of a Shipper's
financial records, Stingray shall have the right to
amend a Shipper's line of credit and lower or increase
the quantity and term.
(d) Stingray's determination of a Shipper's
creditworthiness is solely for Stingray's purposes
under Stingray's Tariff and such determination is
neither a representation nor a guarantee to a
Releasing Shipper or any other entity as to the
ability of a Replacement or Subreplacement Shipper to
pay any outstanding amount under a Released
Transportation Service Contract.