BiLateral Transit Agreements?

[jbates at brightok.net (Jack Bates)]

Does anyone have experience with BiLateral Transit Agreements, compared 
to the same with Peering Agreements? I have 2 ISP customers that are 
looking at such an agreement. While I can modify the standard BLPA 
templates to support transit provisions, I was curious if anyone had 
done so and what pitfalls to look for or considerations that should be 
made.

Our particular case is high cost transport, so both companies are 
looking at each having a Tier 1 transit and then supporting the second 
through their agreement.


Jack Bates