Bp Oil International Limited General Terms And Conditions 2007 Pdf

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bp oil international limited general terms and conditions 2007 pdf

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Published: 05.05.2021

Made with FlippingBook. After Beta renounced a biofuel sale contract, Vitol claimed hedging losses in addition to a damages claim for the difference between the contract and market price. Vitol's claim for hedging losses failed because the Court held there was no clear link between the respective futures.

General Trading Terms and Conditions

The Buyer or its representative shall notify the Seller or its representative of any change. If the date of the Agreement is later than any of the dates for notification specified in the.

Special Provisions or Section 3 or this Section 4, then both parties shall make best efforts. The Seller shall not be liable for the consequences of rejection or delay including but not. The responsibility for securing insurance, whether against marine or other risks, shall rest.

Section All costs including but not limited to demurrage arising out of any failure by the Buyer to. In respect of any Vessel named in the nomination, the Seller shall be entitled to substitute.

Seller warrants that the Vessel will discharge her full Cargo within 24 hours or pro-rata in. As soon as possible after the loading has been completed, the Seller shall notify the Buyer. The Seller shall arrange for its Vessel to report to the Buyer or its representative at the. Laytime shall commence no earlier. The risk and property in the Product delivered under the Agreement shall pass to the Buyer:. All nominations and other conditions relating to the delivery of Product in bulk into or by road.

The rail tank cars shall be available to the Buyer for such reasonable period of time as shall. BP Group Ship Vetting policy, whereby no vessel shall be used unless it has first.

The Buyer shall keep itself informed as to such laws, regulations, rules, directives. Buyer as soon as practicable of any changes in such laws, regulations, rules, directives or. If the documents referred to in Section Special Provisions, the Seller shall have the right, on giving the Buyer notice of not less.

Buyer, such notice to contain the new price s or terms desired by the Seller. If the parties. Neither of the parties to the Agreement shall without the previous consent in writing of the other. In the event of an assignment in accordance with the terms of this. Section, the assignor shall nevertheless remain responsible for the proper performance of the. In the case of a communication by telex or by facsimile transmissions: if it is transmitted.

Institute of the United Kingdom at the request of either party. The parties shall furnish the. The referee shall act as an expert not as an arbitrator and. The costs of such referee shall be. In the event the Buyer is the claiming party in the Dispute then it shall be the claimant in. Any waiver shall relate only to the matter, non-compliance or breach as it expressly relates.

Each party hereby irrevocably and. We refer to our Agreement dated the In consideration of your making payment of US dollars Without prejudice to your rights under the Agreement we hereby agree to protect, indemnify and. Our liability hereunder shall remain in full force and effect unless and until we provide you with. No term of this indemnity is intended to, or does, confer a benefit or remedy on any party other. In consideration of your agreeing as aforesaid we the undersigned Bank of.

If, at any time, any default, for whatever reason, is made by the Debtor in the performance. As between the Guarantor and the Beneficiary but without affecting the Obligations , the. Guarantor shall remain liable under this Deed of Guarantee as if it were the sole principal.

If any payment received by the Beneficiary pursuant to the provisions of any of the Trading. Beneficiary against any funding or other cost, expense or liability including loss of margin.

The Guarantor will pay all monies due from it under this Deed of Guarantee free and clear. This Deed of Guarantee shall be in addition to and not in substitution for any other rights,.

The construction, validity and performance of this Deed of Guarantee is subject to English. In witness whereof this Deed of Guarantee has been executed as a Deed on the date at the head. Documentary Letter of Credit number This Letter of Credit shall take effect in accordance with its terms but such terms shall.

Documents presented later than 21 days after the bill of lading date but within the validity. The construction, validity and performance of this Letter of Credit shall be governed by. Typographical and spelling errors shall not constitute a discrepancy unless with regard to.

At the request of the above applicant, and for its account, we [name and address of Bank] hereby. Beneficiary's certificate purporting to be signed by an official of the Beneficiary certifying. We hereby agree with you that presentation of the documents in compliance with the terms of.

This Letter of Credit shall take effect in accordance with its terms but such terms shall not. Except as otherwise expressly provided herein, this Standby Letter of Credit is subject to the.

Belgium to a recipient which has a licence permitting it to take delivery within Belgium of. If the recipient of the Product does not have a valid licence to take delivery within Belgium.

In addition to the foregoing, if the loading terminal is not operated by the Seller, the Seller. In the event of any incident relating to a Vessel carrying Product the risk in which has passed. These instructions are to be followed in the case of an emergency such as collision, grounding,.

The aim of the procedure is to speed up the response to an emergency,. The words '' BP. Where the Seller is a member of the BP Group of companies and where risk has passed from. This Deed of Guarantee and the. Except where loss, damage and expen. BP Products. The Seller shall enable the independent inspector so appointed to have full access to the facilities at the Loading Terminal necessary to perform his duties, or; iii if the parties do not agree on the appointment of an independent inspector, then if required by the Buyer the Seller shall allow the Buyer or its appointed representative to witness, but not to undertake, the drawing of any samples and the laboratory analysis of those samples.

For the avoidance of doubt, the parties agree that a certificate of quantity and quality countersigned by an independent inspector confirming these matters shall be a certificate of quantity and quality for the purposes of Section 1.

Place of Certification Should it not be customary practice at the Loading Terminal at the time of shipment for measurement and sampling pursuant to Section 1. Section 2 — Risk and property 2. If the Product delivered hereunder forms an unascertained part of a larger bulk, payment for the Product delivered hereunder shall, solely for the purpose of enabling property in such Product to pass to the Buyer pursuant to Section 20 A of the Sale of Goods Act , be deemed to have been made as such Product passes the Vessel's permanent hose connection at the Loading Terminal.

Section 3 — Laydays 3. The Seller shall notify its supplier of such preferred Laydays provided always that the Seller shall not be under any obligation whatsoever to provide such Laydays. Section 4 — Nomination of Vessels, etc. Notwithstanding the foregoing, if the nomination is received by the Seller after such 5th day and is accepted by the Seller, it shall be effective but, subject to the provisions of Sections 5.

In the event that the Agreement is entered into 5 days or less prior to the first day of the Laydays then the nomination must be received by the Seller no less than 2 days prior to the first day of the Laydays. The giving or withholding of such agreement shall be at the absolute discretion of the Seller.

Notwithstanding anything to the contrary express or implied in Sections 5 and 6 or in this Section 4, if any Vessel nominated by the Buyer does not comply with the foregoing provisions or any of them, the Seller or the Seller's supplier may refuse to Berth or load the Vessel in question. Section 5 — Arrival of Vessel, loading, Berth etc. If the Vessel fails to vacate the Berth, unless for reasons attributable to the Seller, its supplier or the Loading Terminal operator, any loss or damage suffered by the Seller or its supplier resulting from such failure shall be paid by the Buyer to the Seller.

For the avoidance of doubt, it is agreed that for the purposes of this Section any technical failure or breakdown on the part of the Vessel shall be a cause within the control of the Vessel and the Buyer. All costs, including but not limited to damages for delay, shall be for the Seller's account if such shifting is for the Seller's purposes and otherwise shall be for the Buyer's account.

The suitability of the lightering Vessel shall be the Seller's sole responsibility. The place of lightering so notified shall be deemed the Berth for the purposes of Sections 5 and 6 and all references therein to the Berth shall be construed accordingly.

Section 6 — Time allowed, delays and demurrage 6. Further, any such right to demurrage shall be subject always to the following conditions: 6. If the Buyer fails to give such notice or fails to provide such documentation within the aforesaid limits, then any liability of the Seller for demurrage shall be extinguished.

Any such impediment shall be an impediment for the purposes of Section 32 force majeure. The Seller shall not be liable other than for demurrage as aforesaid for any loss or damage, direct or indirect, which the Buyer may suffer as a result of the shipment not being loaded within the time allowed in accordance with Section 6.

If the parties fail to agree within 30 days upon such rate, then at the instance of either party, such rate shall be determined by The London Tanker Brokers Panel Ltd.

If the Loading Terminal has no laytime and demurrage terms applicable to the supply of the Product then Sections 6. The Seller shall enable the independent inspector so appointed to have full access to the facilities at the Loading Terminal necessary to perform his duties, or; iii if the parties do not agree on the appointment of an independent inspector, then if required by the Buyer the Seller shall allow the Buyer or its appointed representative to witness, but not to undertake, the measurement of quantity and the drawing of any samples and the laboratory analysis of those samples.

For the avoidance of doubt, the parties agree that a certificate of quantity and quality countersigned by an independent inspector confirming these matters shall be a certificate of quantity and quality for the purposes of Section 7.

Measurement of the quantities and the taking of samples for the purposes of determining the compliance of the Product with the quality and quantity provisions of the Special Provisions shall be carried out at the Discharge Port at the time of discharge by an independent inspector jointly agreed upon by the Buyer and Seller. The Buyer shall ensure that the independent inspector shall have full access to the facilities at the Discharge Port necessary to enable him to perform his duties.

BP Oil International Ltd v Target Shipping Ltd

Washington, D. FORM F. Mark One. Commission file number: Exact name of Registrant as specified in its charter. England and Wales. Jurisdiction of incorporation or organization.

As market-based solutions have emerged as a means for reducing emissions in the most economically efficient manner: we provide the tools to help you achieve that balance. Fuel price risk management. Safety Data Sheets. General Trading Terms and Conditions. Trading and Supply news and media releases.

The Buyer`s Remedies For Late Delivery Of Oil Cargoes In FOB Sale Contracts

The Buyer or its representative shall notify the Seller or its representative of any change. If the date of the Agreement is later than any of the dates for notification specified in the. Special Provisions or Section 3 or this Section 4, then both parties shall make best efforts.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy. The previous GTCs were published in , albeit with at least one update since then covering barge deliveries. BP's GTCs continue to be widely used in the crude oil and products trading markets.

Know more. The vessel loaded a cargo of fuel oil in Odessa and Marmara Ereglisi "Marmara" in March and discharged it at Galveston and Houston. BP contend:. There is a minor difference between the parties about these calculations reflecting a disagreement about the proper treatment of brokers' commission that emerged in the course of closing submissions.

Oil & Gas: Implied contract for demurrage outside BP Terms

The commodity buyers will incur financial losses in case of late delivery of commodities because the pricing period is based on the contract delivery period. The remedies awarded to FOB buyers in claims involving late delivery of oil cargoes turned on the question of whether or not it was a condition of contract that the oil cargo be delivered by the end of the contract delivery period. If the buyers wish sellers to complete loading by the end of the contract delivery period, they should stipulate this matter clearly in the sale contract and not leave this matter to implication.

BP 2007 Products

Defined Terms. Principles of Construction. Single Agreement. Additional Defined Terms. Term of Agreement. Conditions to Crude Oil Supply Obligation.

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Terms & Conditions for Sales and Purchases of Crude Oil and Petroleum Products edition (the “First the Special Provisions to BP Oil International Limited General Terms & Conditions for Sales Customs and Practice for Documentary Credits Revision, (ICC publication no. ). PDF copies acceptable.


General Trading Terms and Conditions

Why Register with Mondaq

Ноги Беккера скрылись из виду за поворотом, и Халохот выстрелил, но тут же понял, что выстрел пришелся в пустоту. Пуля срикошетила от стены. Рванувшись вниз за своей жертвой, он продолжал держаться вплотную к внешней стене, что позволило бы ему стрелять под наибольшим углом. Но всякий раз, когда перед ним открывался очередной виток спирали, Беккер оставался вне поля зрения и создавалось впечатление, что тот постоянно находится впереди на сто восемьдесят градусов. Беккер держался центра башни, срезая углы и одним прыжком преодолевая сразу несколько ступенек, Халохот неуклонно двигался за. Еще несколько секунд - и все решит один-единственный выстрел.

General terms and conditions (GT&Cs)

Расстояние между Беккером и ним сокращалось. Нужно было во что бы то ни стало догнать его, пока не включилась следующая передача. Сдвоенная труба глушителя выбросила очередное густое облако, перед тем как водитель включил вторую передачу.

1 Comments

  1. Beltane L. 12.05.2021 at 17:41

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