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Feedstock Supply Agreement
"I need a Feedstock Supply Agreement for supplying raw petrochemical materials to a Qatari manufacturer, with monthly deliveries of 10,000 metric tons starting from March 2025, including quality testing requirements and take-or-pay provisions."
1. Parties: Identification and details of the supplier and buyer, including full legal names, registration numbers, and addresses
2. Background: Context of the agreement, relationship between parties, and general purpose of the supply arrangement
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation
4. Supply Obligations: Core obligations regarding the supply of feedstock, including quantities, delivery schedules, and minimum/maximum commitments
5. Quality Requirements: Specifications and standards that the feedstock must meet, including testing procedures and rejection rights
6. Pricing and Payment: Price calculation methodology, payment terms, invoicing requirements, and any price adjustment mechanisms
7. Delivery and Title: Delivery terms, transfer of title and risk, shipping arrangements, and documentation requirements
8. Term and Termination: Duration of the agreement, renewal provisions, and circumstances allowing termination
9. Force Majeure: Events excusing performance, notification requirements, and consequences of force majeure
10. Warranties and Indemnities: Representations and warranties regarding the feedstock and mutual indemnification obligations
11. Compliance with Laws: Obligations to comply with applicable laws, including environmental and safety regulations
12. Confidentiality: Protection of confidential information and trade secrets
13. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and governing law provisions
14. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. Storage Requirements: Used when specific storage conditions or facilities are required for the feedstock
2. International Shipping: Include when feedstock is being imported/exported, covering Incoterms and customs requirements
3. Security of Supply: Required for critical feedstock where alternative supply arrangements need to be specified
4. Insurance Requirements: Detailed insurance obligations when specific coverage is needed beyond standard requirements
5. Environmental Compliance: Extended environmental provisions for hazardous or regulated materials
6. Take-or-Pay Provisions: Include when minimum purchase commitments with financial consequences are required
7. Price Hedging Mechanisms: Used when parties agree to specific price risk management arrangements
8. Technical Support: When supplier needs to provide additional technical support or training
1. Schedule 1 - Product Specifications: Detailed technical specifications of the feedstock
2. Schedule 2 - Pricing Formula: Detailed pricing calculations, including any adjustments or indices
3. Schedule 3 - Delivery Schedule: Agreed delivery times, quantities, and locations
4. Schedule 4 - Quality Testing Procedures: Detailed procedures for sampling, testing, and quality verification
5. Schedule 5 - Key Contacts: Contact details for key personnel from both parties
6. Schedule 6 - Storage and Handling Requirements: Technical requirements for storage and handling of the feedstock
7. Schedule 7 - Health, Safety and Environmental Requirements: Specific HSE requirements and procedures
8. Schedule 8 - Form of Delivery Documentation: Templates for delivery notes, certificates of analysis, and other required documentation
Authors
Petrochemicals
Manufacturing
Chemical Processing
Oil and Gas
Industrial Materials
Plastics and Polymers
Fertilizers
Energy Production
Metals and Mining
Agricultural Processing
Legal
Procurement
Supply Chain
Operations
Quality Control
Logistics
Risk Management
Commercial
Environmental Compliance
Technical Services
Finance
Trading
Procurement Manager
Supply Chain Director
Commercial Manager
Legal Counsel
Operations Director
Quality Control Manager
Logistics Manager
Contract Administrator
Risk Manager
Environmental Compliance Officer
Technical Director
Chief Operating Officer
Trading Manager
Business Development Manager
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