CODE OF CONDUCT
Third Party Information
Many parties with whom TEML transacts business provide TEML with personal, business and financial information of a confidential nature which must be protected.
- In dealing with such information, employees must ensure that:
- Such information is not disclosed to third parties except in accordance with established policies and subject to proper authorizations where necessary; and
- Shipper-specific information is not revealed to other employees except where their duties or responsibilities require that they have access to such information.
- In particular and without limiting the generality of the foregoing, no employee shall disclose to another person information about the quantity, destination, shipper or routing of property tendered to the Company for transportation if (i) such information could be used to the detriment of the shipper; or (ii) such information would improperly disclose the shipper’s business transaction to a competitor of the shipper, including any affiliate of TEML. Shipper-specific information shall not be used by any employee except in the course of carrying out TEML’s transportation business and, in particular, shall not be disclosed to persons outside the Company or to crude oil trading personnel within TEML’s petroleum marketing business