HM 82. Model general terms and conditions for free on board (FOB) sale and purchase of petroleum products
It is common practice for major international oil companies to produce their own in-house General Terms and Conditions (GTCs) for physical oil trading. These can vary considerably in their approach to key contract issues and cause significant difficulties when back-to-back contracts are involved.
To address this, the EI has developed these model terms and conditions with the intent of providing a commonly known, commercially neutral set of contract terms which parties may use on a voluntary basis.
Book details
Websites:
EI Technical Publications website
Physical description: A4 navy and white 55pp
Edition: 1st
Publisher: Energy Institute
Place of publication: London, England
ISBN: 9780852939192
Report number: HM82
Classification: 670 -
Keywords: Contracts - oil trading
Subjects: Trading, Oil prices, Hydrocarbon management, Tankers - ships
