Mississippi River Transmission Corp.
Original Volume No. 1-A
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Effective Date: 02/01/1990, Docket: GT90- 12-000, Status: Effective
First Revised Sheet No. 48 First Revised Sheet No. 48 : Effective
Superseding: Original Sheet No. 48
GENERAL TERMS AND CONDITIONS
6. STATEMENTS, PAYMENTS AND RECORDS (Continued)
6.3 Each party shall have the right at reasonable hours to
examine the books and records of the other party to the extent
necessary to verify the accuracy of any statement or charge made
hereunder. If any such examination reveals any inaccuracy in any
statement or charge, then necessary adjustment and correction thereof
shall be made promptly, provided that no adjustment for any billing or
payment shall be made after the lapse of two (2) years from the date of
invoice thereof unless challenged in writing prior thereto. Any error
so discovered as a result of a timely claim shall be corrected within
thirty (30) days of the determination thereof.
7. POSSESSION OF GAS AND RESPONSIBILITY
7.1 Control and Possession. As between Shipper and
Transporter, Shipper shall be deemed to be in exclusive control and
possession of the gas prior to the delivery of such gas to Transporter
at the Receipt Point(s) and after the gas has been tendered to or for
the account of Shipper by Transporter at the Delivery Point(s).
Transporter shall be deemed to be in exclusive control and possession
of the gas transported only while it is in Transporter's facilities
between the Receipt Point(s) and Delivery Point(s).
7.2 Responsibility and Liability. The party deemed to be in
control and possession of the gas to be transported as provided in
Section 7.1 shall be fully responsible for and shall indemnify and hold
harmless the other party with respect to any and all losses (except
extraordinary losses of gas resulting from events of force majeure)
incurred due to or resulting from any claims, suits, causes of action,
liabilities or damages arising from or in connection with the first
party's control and possession of the gas (including all court costs
and reasonable attorneys' fees).