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Biomethane Purchase Agreement
"Need a Biomethane Purchase Agreement for a 5-year supply arrangement starting March 2025, where we'll be purchasing 500,000 MMBtu annually from a waste-to-energy facility in Singapore, with specific focus on environmental attributes and renewable energy certificates."
1. Parties: Identification and details of the buyer and seller of biomethane
2. Background: Context of the agreement, including facility details and purpose
3. Definitions: Key terms used tHRoughout the agreement including technical specifications
4. Supply Obligations: Core obligations regarding biomethane supply, including quantity and delivery terms
5. Quality Specifications: Required biomethane quality standards and testing procedures
6. Delivery Points: Specification of delivery location and transfer of title
7. Price and Payment: Pricing mechanism, payment terms, and invoicing procedures
8. Term and Termination: Duration of agreement and termination provisions
9. Force Majeure: Events excusing performance and related procedures
1. Environmental Attributes: Treatment of renewable energy certificates and carbon credits when parties want to explicitly address environmental benefits
2. Take-or-Pay: Minimum purchase obligations for long-term supply agreements with significant investment
3. Development Milestones: Project development timeline and requirements when facility is not yet operational
4. Transportation: Detailed transport arrangements when separate from delivery point provisions
1. Technical Specifications: Detailed quality parameters and testing methods
2. Pricing Formula: Detailed calculation methodology for price adjustments
3. Delivery Point Specifications: Technical details of delivery infrastructure
4. Testing Procedures: Detailed procedures for quality verification
5. Performance Security: Form of security or guarantee if required
6. Environmental Certificates: Details of environmental attributes and certification
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