TransGas Comprehensive Tariff
3.2) Account Security TransGas requires security to be posted for all transportation and Storage Services where, in the opinion of TransGas, there is potential account risk. The determination of account security is solely at the discretion of TransGas. TransGas reserves the right, at any time during the term of the Service, to request account security in an amount of up to six (6) Months’ anticipated revenue from those accounts it deems to have potential account risk. 3.3) Financing Security TransGas reserves the right to request security for up to the total amount of a Customer’s share of Customer Specific Facilities financed by TransGas. 3.4) Term of Security Security posted for the TransGas Investment in Customer Specific Facilities costs will remain in effect for the Initial Term as defined in the Service Specification. Once the Initial Term has expired, the security will be returned to the Customer. Security posted for account security is subject to review by TransGas after one (1) year. 3.5) Termination of Service Upon early termination of the transportation Service, the posted security may be used to cover the unrecovered portion of the TransGas Investment. 3.6) Temporary Assignments If TransGas has deemed that either or both account and project security is required, then, in the event of a temporary Assignment, the Assignor shall remain obligated to post such security. 4) Shipper Eligibility 4.1) Intra-Provincial Transportation Any intra-provincial Customer can apply for Delivery Transportation Service. 4.2) Receipt and Delivery Transportation Any Customer may hold the Receipt Transportation Service, the Delivery Transportation Service or both. 5) Summer Use Service 5.1) Applicability Summer Use Service is applicable to all intra-Provincial Delivery Customers whose operational year extends between April 1 and September 30.
Page 66
Business Practices Overview 1.3 General Business Policies
Made with FlippingBook Ebook Creator