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The Petroleum Product Supply Agreement is a critical commercial document used in the Philippine petroleum industry to establish legally binding arrangements between suppliers and purchasers of petroleum products. This agreement type is essential for businesses requiring regular supply of petroleum products and must comply with the Oil Deregulation Law (RA 8479) and other relevant Philippine regulations. The document typically covers detailed product specifications, pricing mechanisms, delivery arrangements, quality control procedures, and compliance requirements. It's particularly relevant in the context of the deregulated Philippine oil industry, where multiple players engage in the supply chain. The agreement requires careful consideration of both commercial terms and technical requirements, while ensuring compliance with local environmental, safety, and consumer protection regulations.

1. Parties: Identification of the supplier and buyer, including registration details and DOE accreditation numbers

2. Background: Context of the agreement, including supplier's authority to sell petroleum products and buyer's business purpose

3. Definitions: Definitions of technical terms, products, and key concepts used in the agreement

4. Supply Obligations: Core terms of supply including product types, quantities, and delivery commitments

5. Product Specifications: Detailed specifications of petroleum products as per Philippine National Standards

6. Pricing and Payment: Pricing mechanism, payment terms, and currency provisions

7. Delivery Terms: Delivery locations, methods, scheduling, and transfer of risk

8. Quality and Quantity: Measurement, testing, and quality control procedures

9. Health, Safety and Environment: Compliance with HSE regulations and standards

10. Term and Termination: Duration of agreement and termination provisions

11. Force Majeure: Events constituting force majeure and consequent rights/obligations

12. Compliance with Laws: Obligations to comply with Philippine laws, particularly oil industry regulations

13. Representations and Warranties: Standard and industry-specific warranties

14. Liability and Indemnification: Risk allocation between parties

15. Dispute Resolution: Dispute resolution mechanisms under Philippine law

16. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law