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Petroleum Product Supply Agreement Template for Australia

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Key Requirements PROMPT example:

Petroleum Product Supply Agreement

"I need a Petroleum Product Supply Agreement for my mining company in Western Australia to purchase diesel fuel in bulk quantities (minimum 500,000 liters monthly) from a major supplier, with delivery to three remote mining sites starting March 2025."

Document background
The Petroleum Product Supply Agreement is a crucial commercial document used when establishing a formal supply relationship between a petroleum product supplier and a purchaser in Australia. This agreement is essential for businesses requiring regular supply of petroleum products, whether for distribution, retail operations, or industrial use. The document addresses critical aspects including product specifications, delivery arrangements, pricing mechanisms, quality standards, and compliance with Australian federal and state regulations. It includes provisions required under various Australian laws including the Fuel Quality Standards Act 2000, dangerous goods legislation, and environmental protection requirements. The agreement is particularly important for managing risk, ensuring supply security, and maintaining compliance in the highly regulated Australian petroleum sector.
Suggested Sections

1. Parties: Identification of supplier and purchaser with full legal details

2. Background: Context of the agreement including supplier's business, purchaser's requirements, and intended commercial relationship

3. Definitions: Defined terms used throughout the agreement including technical terms, product descriptions, and industry-specific terminology

4. Supply Obligations: Core obligations of supplier to provide products and purchaser to accept/purchase them

5. Product Specifications: Detailed requirements for product quality, grade, and compliance with standards

6. Ordering and Forecasting: Procedures for placing orders and providing demand forecasts

7. Delivery and Title: Terms for delivery, transfer of risk and title, acceptance procedures

8. Price and Payment: Pricing structure, payment terms, invoicing requirements, and price adjustment mechanisms

9. Quality Control: Testing procedures, quality assurance measures, and non-conformance handling

10. Compliance and Safety: Requirements for regulatory compliance, safety procedures, and environmental protection

11. Term and Termination: Duration of agreement, renewal provisions, and termination rights

12. Liability and Insurance: Risk allocation, liability limitations, and insurance requirements

13. Force Majeure: Events excusing performance and procedures for handling force majeure situations

14. Confidentiality: Protection of confidential information and trade secrets

15. General Provisions: Standard boilerplate clauses including notices, governing law, and dispute resolution

Optional Sections

1. Exclusivity: Used when supplier is granted exclusive rights or purchaser commits to exclusive purchase arrangements

2. Minimum Purchase Commitment: Include when purchaser agrees to minimum volume commitments

3. Storage Requirements: Required when specific storage facilities or conditions must be maintained

4. Branding and Marketing: Include for arrangements involving branded products or marketing requirements

5. Credit Support: Used when financial security or parent company guarantees are required

6. Terminal Access: Include when purchaser requires access to supplier's terminal facilities

7. Environmental Management: Detailed environmental procedures when operations involve significant environmental risks

8. Emergency Response: Include detailed emergency procedures for high-risk operations

9. Training Requirements: Used when specific staff training or certification is required

Suggested Schedules

1. Product Specifications Schedule: Detailed technical specifications for each product type

2. Pricing Schedule: Detailed pricing formulas, base prices, and adjustment mechanisms

3. Delivery Locations Schedule: List of approved delivery points and specific requirements for each

4. Quality Testing Procedures: Detailed procedures for sampling, testing, and quality verification

5. Safety Procedures: Detailed safety protocols and emergency response procedures

6. KPIs and Performance Standards: Specific performance metrics and measurement criteria

7. Credit Support Requirements: Details of required guarantees, bonds, or other financial security

8. Terminal Operating Procedures: Procedures for terminal access and operation if applicable

9. Insurance Requirements: Detailed insurance specifications and minimum coverage requirements

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions





















































Clauses






































Relevant Industries

Oil & Gas

Energy

Mining

Transportation & Logistics

Agriculture

Manufacturing

Aviation

Marine

Power Generation

Retail Fuel Distribution

Industrial Operations

Construction

Relevant Teams

Legal

Procurement

Commercial

Operations

Supply Chain

Risk & Compliance

Health Safety & Environment

Quality Assurance

Logistics

Business Development

Contract Administration

Relevant Roles

Commercial Manager

Procurement Manager

Supply Chain Director

Operations Manager

Legal Counsel

Risk Manager

Compliance Officer

Business Development Manager

Contract Administrator

Logistics Manager

HSE Manager

Quality Assurance Manager

Trading Manager

Commercial Director

Chief Operating Officer

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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