Click here to load reader

SAUDI ARAMCO PRODUCTS TRADING COMPANY · PDF fileSAUDI ARAMCO PRODUCTS TRADING COMPANY ... PETCOKE SPECIFICATION ... 2.5 “Aramco Trading” means Saudi Aramco Products Trading Company

  • View
    420

  • Download
    37

Embed Size (px)

Text of SAUDI ARAMCO PRODUCTS TRADING COMPANY · PDF fileSAUDI ARAMCO PRODUCTS TRADING COMPANY ......

  • SAUDI ARAMCO PRODUCTS TRADING COMPANY

    GENERAL TERMS AND CONDITIONS

    FOR SALES AND PURCHASES OF BULK PRODUCTS,

    APRIL 2013 EDITION

  • - 2 -

    TABLE OF CONTENTS

    Page

    PART I: TERMS OF GENERAL APPLICATION ............................................................................... 6

    1. APPLICABILITY OF THESE GENERAL TERMS AND CONDITIONS ............................. 6

    2. DEFINITIONS .......................................................................................................................... 6

    3. INTERPRETATION ............................................................................................................... 10

    4. PRODUCT QUANTITY ......................................................................................................... 10

    5. PRODUCT QUALITY ............................................................................................................ 10

    6. CLAIMS IN RESPECT OF QUALITY/QUANTITY ............................................................ 10

    7. PAYMENT .............................................................................................................................. 11

    8. TAXES .................................................................................................................................... 14

    9. FORCE MAJEURE ................................................................................................................. 14

    10. HEALTH, SAFETY AND ENVIRONMENT ........................................................................ 16

    11. CONFIDENTIALITY ............................................................................................................. 16

    12. LIMITATION OF LIABILITIES ............................................................................................ 17

    13. TERMINATION OR SUSPENSION ...................................................................................... 17

    14. ASSIGNMENT ....................................................................................................................... 17

    15. AMENDMENT OF AGREEMENT ....................................................................................... 17

    16. NOTICES ................................................................................................................................ 17

    17. EDOCS .................................................................................................................................... 18

    18. DESTINATION ...................................................................................................................... 18

    19. FACILITATION PAYMENTS AND ANTI-CORRUPTION ................................................ 19

    20. GOVERNING LAW ............................................................................................................... 20

    21. DISPUTE RESOLUTION ....................................................................................................... 20

    22. MISCELLANEOUS ................................................................................................................ 21

    PART II: FOB DELIVERIES .............................................................................................................. 23

    23. DELIVERY, TITLE AND RISK OF LOSS ........................................................................... 23

    24. QUANTITY AND QUALITY ................................................................................................ 23

    25. PRODUCT SAMPLING, RETENTION AND TESTING OF THE RETAINED SAMPLE ................................................................................................................................. 24

    26. VESSEL NOMINATION ....................................................................................................... 24

    27. VESSEL ACCEPTANCE ....................................................................................................... 25

    28. VESSEL SUBSTITUTION ..................................................................................................... 25

    29. VESSEL ARRIVAL ................................................................................................................ 26

    30. LOADING AND LOADING CONDITIONS ......................................................................... 26

    31. TENDER OF NOTICE OF READINESS (NOR) .................................................................. 27

  • - 3 -

    32. LAYTIME COMMENCEMENT ............................................................................................ 28

    33. COMPLETION OF USED LAYTIME ................................................................................... 28

    34. LAYTIME ALLOWANCES ................................................................................................... 29

    35. USED LAYTIME DEDUCTIONS ......................................................................................... 29

    36. DEMURRAGE ........................................................................................................................ 31

    37. DEMURRAGE RATE DETERMINATION .......................................................................... 31

    38. DEMURRAGE CLAIM SUBMISSION ................................................................................. 32

    39. VESSEL CARGO HOLD INSPECTION ............................................................................... 32

    40. COMPLIANCE WITH ISPS CODE ....................................................................................... 32

    PART III: CIF, CFR AND DAP DELIVERIES .................................................................................. 33

    41. DELIVERY, TITLE AND RISK OF LOSS ........................................................................... 33

    42. QUANTITY AND QUALITY ................................................................................................ 33

    43. PRODUCT SAMPLING AND RETENTION AND TESTING OF THE RETAINED SAMPLE ................................................................................................................................. 34

    44. PART CARGO LOTS DELIVERED CFR OR CIF ............................................................... 34

    45. INSURANCE .......................................................................................................................... 34

    46. AGREED DATE RANGE AND FIRM AND INDICATIVE AND GUARANTEED DISCHARGE DATES ............................................................................................................ 35

    47. VESSEL NOMINATION ....................................................................................................... 36

    48. VESSEL ACCEPTANCE ....................................................................................................... 38

    49. VESSEL SUBSTITUTION ..................................................................................................... 38

    50. ALTERNATIVE OR RANGE OF DISCHARGE PORT(S) .................................................. 39

    51. VESSEL ARRIVAL ................................................................................................................ 39

    52. DISCHARGE .......................................................................................................................... 40

    53. TENDER OF NOTICE OF READINESS (NOR) .................................................................. 41

    54. LAYTIME COMMENCEMENT ............................................................................................ 42

    55. COMPLETION OF USED LAYTIME ................................................................................... 43

    56. LAYTIME ALLOWANCES ................................................................................................... 43

    57. USED LAYTIME DEDUCTIONS ......................................................................................... 44

    58. DEMURRAGE ........................................................................................................................ 44

    59. DEMURRAGE RATE DETERMINATION .......................................................................... 45

    60. DEMURRAGE CLAIM SUBMISSION ................................................................................. 45

    61. TIME ALLOWED AND DAMAGES FOR DELAY UNDER INDICATIVE AND GUARANTEED DISCHARGE DATE CONTRACTS .......................................................... 45

    62. CHARTER PARTY CONDITIONS ....................................................................................... 46

    63. VESSEL CARGO HOLD INSPECTION ............................................................................... 47

    64. COMPLIANCE WITH ISPS CODE ....................................................................................... 47

  • - 4 -

    ANNEX A: SALE & PURCHASE OF SULPHUR PRODUCTS ...................................................... 48

    1. APPLICABILITY OF THIS ANNEX A................................................................................. 48

    PART I: FOB DELIVERIES OF SULPHUR ...................................................................................... 48

    2. APPLICABILITY OF THIS ANNEX A, PART I .................................................................. 48

    3. VESSEL NOMINATION ....................................................................................................... 48

    4. LOADING AND LOADING CONDITIONS ........

Search related