SAUDI ARAMCO PRODUCTS TRADING COMPANY
GENERAL TERMS AND CONDITIONS
FOR SALES AND PURCHASES OF BULK PRODUCTS,
APRIL 2013 EDITION
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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
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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
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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 ........
