¶¶Òõ¶ÌÊÓÆµ

Oil Purchase And Sale Agreement Template for Singapore

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Oil Purchase And Sale Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Oil Purchase And Sale Agreement

"I need an Oil Purchase And Sale Agreement for a 12-month term starting January 2025, covering the purchase of crude oil from a Singapore-based supplier, with monthly deliveries of 50,000 barrels and payment through letter of credit."

Document background
The Oil Purchase And Sale Agreement is a crucial document used in Singapore's thriving oil trading sector, serving as the primary contractual framework for oil product transactions. This agreement is particularly relevant given Singapore's position as a major oil trading hub in Asia. It incorporates specific requirements under Singapore law, including compliance with the Petroleum Act and Environmental Protection and Management Act. The document typically covers essential elements such as product specifications, pricing mechanisms, delivery terms, quality standards, and risk allocation, while ensuring adherence to both local regulations and international trading practices. It's designed to provide comprehensive protection for both buyers and sellers while facilitating smooth commercial operations in the oil trading industry.
Suggested Sections

1. Parties: Identification and details of the buyer and seller

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Product Specifications: Detailed specifications of the oil products being sold

5. Quantity and Delivery: Amount of product and delivery terms

6. Price and Payment Terms: Pricing structure and payment conditions

7. Quality and Inspection: Quality standards and inspection procedures

8. Title and Risk: Transfer of ownership and risk allocation

9. Term and Termination: Duration and termination provisions

Optional Sections

1. Force Majeure: Provisions for unforeseen circumstances preventing performance of contractual obligations

2. Trade Controls and Sanctions: Compliance with international trade restrictions and sanctions regulations

3. Environmental Protection: Environmental compliance and protection measures for handling and transportation

4. Insurance: Insurance requirements and coverage for product transit and storage

Suggested Schedules

1. Product Specification Sheet: Detailed technical specifications of the oil products

2. Pricing Formula: Detailed calculation method for price adjustments

3. Delivery Schedule: Timing and logistics of deliveries

4. Quality Testing Procedures: Detailed procedures for quality verification

5. Bank Details: Payment information for both parties

6. INCOTERMS: Specific trading terms applicable to the agreement

Authors

Alex Denne

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

Relevant legal definitions










































Clauses






























Industries

Sale of Goods Act: Primary legislation governing the sale and purchase of goods in Singapore, defining rights, duties and remedies in commercial transactions

Contract Law: Common law principles governing contract formation, execution, and enforcement in Singapore

Unfair Contract Terms Act: Legislation controlling the use of unfair terms in contracts and limiting the extent to which liability can be excluded

International Enterprise Singapore Act: Legislation governing international trade and business activities in Singapore

Regulation of Imports and Exports Act: Controls and regulates the import and export of goods in Singapore

Customs Act: Governs customs operations, duties, and related trade matters in Singapore

Environmental Protection and Management Act: Regulates environmental protection standards and requirements for handling potentially hazardous materials

Fire Safety Act: Sets safety standards for handling and storing flammable materials including petroleum products

Workplace Safety and Health Act: Ensures safety standards in workplace operations including handling of dangerous goods

Maritime and Port Authority of Singapore Act: Regulates maritime operations and port activities in Singapore waters

Merchant Shipping Act: Governs shipping operations and maritime transport in Singapore

Maritime Transport Security Act: Ensures security measures in maritime transport including oil shipments

Energy Market Authority of Singapore Act: Regulates energy markets and related activities in Singapore

Petroleum Act: Specific legislation governing the handling, storage, and transport of petroleum products

Storage of Petroleum and Flammable Materials Regulations: Detailed regulations for storing and handling petroleum and other flammable materials

Currency Act: Governs currency matters and monetary transactions in Singapore

Electronic Transactions Act: Provides legal framework for electronic transactions and digital signatures

Payment Systems (Oversight) Act: Regulates payment systems and financial transactions

INCOTERMS: International Commercial Terms defining responsibilities and risks in international trade

UN Convention on Contracts for International Sale of Goods: International trade law framework (noted as Singapore is not a signatory)

Goods and Services Tax Act: Governs the application of GST on goods and services in Singapore

Income Tax Act: Regulates taxation of income including from commercial transactions

Stamp Duties Act: Governs the application of stamp duties on commercial documents and transactions

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

Find the exact document you need

Unregistered Agreement To Sell With Possession

find out more

Software Sales Contract

find out more

Small Business Sale Contract

find out more

Simple Home Sale Contract

find out more

Simple Deed Of Sale Of Motor Vehicle

find out more

Sales Rep Contract

find out more

Sales Commission Letter

find out more

Sales Addendum

find out more

Sale Of Bike Agreement

find out more

Sale Deed And Construction Agreement

find out more

Sale Agreement Without Possession

find out more

Sale Agreement For Resale Flat

find out more

Preliminary Contract Of Sale

find out more

Mou Between Buyer And Seller Of Property

find out more

Motor Bike Sale Agreement

find out more

Letter Of Intent Buying Property

find out more

Lease Option Agreement Houses For Sale

find out more

Land Sale Deed

find out more

House S&p Agreement

find out more

Deed Of Sale Of Shares Of Stock

find out more

Deed Of Sale Of Franchise

find out more

Deed Of Sale And Deed Of Absolute Sale

find out more

Contract To Sell With Spa

find out more

Contract To Sell Motor Vehicle

find out more

Conditional Sale Agreement Property

find out more

Conditional Purchase Agreement

find out more

Commercial Real Estate Sales Agreement

find out more

Bill Of Sale Agreement With Payments

find out more

Apartment Sale Contract

find out more

Vessel Purchase And Sale Agreement

find out more

Simple Business Sale Agreement

find out more

Restaurant Sale Agreement

find out more

Sale Of Agreement For Land

find out more

For Sale As Is Contract

find out more

Contract For Vehicle Sale With Payments

find out more

Contract To Sell House By Owner

find out more

Commission Agent Agreement

find out more

Buy Sell Agreement For Small Business

find out more

Contract Of Sale Condominium Unit

find out more

Patent Sale Agreement

find out more

Sales Manager Agreement

find out more

Sale And Contract Of Sale

find out more

Conditional Contract To Sell

find out more

Scrap Sale Agreement

find out more

Sale And Purchase Agreement Spa

find out more

Oil Purchase And Sale Agreement

find out more

Deed Of Sale With Assumption Of Mortgage Car

find out more

Seller Friendly Asset Purchase Agreement

find out more

Simple Car Sale Agreement

find out more

International Contract Of Sale

find out more

Employer Employee Sales Commission Agreement

find out more

Deposit On Sales Contract

find out more

Deed Of Sale Installment Payment

find out more

Contract For Sale Of House And Land

find out more

Conditional Deed Of Sale With Assumption Of Mortgage

find out more

Agreement Sale Deed

find out more

Sales Agreement Terms And Conditions

find out more

Sale Of Medical Practice Agreement

find out more

Deed Of Sale Assumption Of Mortgage

find out more

Deed Of Contract To Sell

find out more

Agreement To Assign Contract For Sale And Purchase

find out more

Agreement For Flat Purchase

find out more

Sales Non Compete Agreement

find out more

Sale Agreement With Possession

find out more

Condominium Purchase Agreement

find out more

Auto Sales Contract

find out more

Assignment Of Purchase Contract

find out more

Agreement Between Buyer And Seller Of Property

find out more

Residential Real Estate Purchase Agreement

find out more

Sale Of Partnership Interest Agreement

find out more

Land Sale Commission Agreement

find out more

Exclusive Rights To Sell Agreement

find out more

Equipment Sales Contract

find out more

Used Equipment Sale Agreement

find out more

Sales And Service Contract

find out more

Sale And Purchase Agreement Key Terms

find out more

Sub Sale Agreement

find out more

Residential Contract Of Sale

find out more

Deposit Agreement Of Purchase And Sale

find out more

Assignment Of Purchase And Sale Agreement

find out more

Simple Purchase And Sale Agreement

find out more

Sale Of Sole Proprietorship Business Agreement

find out more

Purchase Agreement For Land

find out more

Commercial Purchase Contract

find out more

Private Car Sale Deposit Contract

find out more

International Sales Representative Agreement

find out more

Deed Of Agreement For Sale Of Land

find out more

Art Sale Contract

find out more

Ship Sale And Purchase Agreement

find out more

Oil And Gas Purchase And Sale Agreement

find out more

Manufacturers Rep Agreement

find out more

Letter Of Sale Agreement

find out more

Agency Agreement For The Sale Of Residential Property

find out more

Trademark Sale Agreement

find out more

Retail Installment Agreement

find out more

Non Competition Agreement Sale Of Business

find out more

Equipment Purchase And Sale Agreement

find out more

Building Purchase Agreement

find out more

Commercial Sales Agreement

find out more

Simple Purchase Contract

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.