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Gas Purchase Agreement
"I need a Gas Purchase Agreement for a 5-year supply arrangement starting March 2025, where we will be purchasing approximately 500,000 MMBtu annually from a Singapore-based supplier, with take-or-pay provisions and monthly pricing adjustments."
1. Parties: Identification and details of the buyer and seller
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement including technical gas specifications and regulatory references
4. Gas Specifications: Quality and technical requirements of gas to be supplied, compliance with Gas Supply Code
5. Quantity and Delivery: Volume commitments, delivery points, scheduling, and compliance with Gas Network Code
6. Price and Payment: Pricing mechanism, invoicing, and payment terms
7. Term and Termination: Duration, renewal, and termination provisions
8. Force Majeure: Events excusing performance and related procedures
9. Regulatory Compliance: Compliance with Singapore Gas Act, EMA regulations, and environmental requirements
10. Warranties and Representations: Standard warranties including compliance with applicable laws and regulations
1. Take-or-Pay Provisions: Minimum purchase obligations and related payment commitments
2. Transportation: Gas transportation arrangements and compliance with network codes
3. Carbon Credits: Treatment of carbon credits or environmental attributes
4. Change in Law: Provisions dealing with regulatory changes affecting the agreement
1. Technical Specifications Schedule: Detailed gas quality specifications and testing procedures
2. Delivery Points Schedule: Technical details of delivery points and measurement equipment
3. Price Calculation Schedule: Detailed pricing formulae and adjustment mechanisms
4. Operating Procedures Schedule: Day-to-day operational procedures and protocols
5. Form of Performance Security: Template for any required performance bonds or guarantees
6. Regulatory Compliance Schedule: Details of applicable laws and regulations including Gas Act requirements
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