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Petroleum Product Supply Agreement

Petroleum Product Supply Agreement Template for United States

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Key Requirements PROMPT example:

Petroleum Product Supply Agreement

"Need a Petroleum Product Supply Agreement for my retail gas station chain to purchase regular unleaded gasoline from a major supplier, with monthly deliveries of approximately 50,000 gallons starting March 2025, including quality testing requirements and environmental compliance provisions for California."

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Document background
The Petroleum Product Supply Agreement is essential for businesses engaged in the purchase and sale of petroleum products in the United States. This document is typically used when establishing long-term supply relationships and must comply with both federal regulations (including the Clean Air Act and Energy Policy Act) and state-specific requirements. The agreement covers crucial aspects such as product specifications, pricing mechanisms, delivery terms, quality control procedures, and environmental compliance. It's particularly important for protecting both parties' interests while ensuring regulatory compliance in the complex U.S. petroleum market.
Suggested Sections

1. Parties: Identification and details of the supplier and purchaser

2. Background: Context of the agreement and relationship between parties

3. Definitions: Key terms used throughout the agreement including product specifications, delivery terms, and regulatory references

4. Product Specifications: Detailed specifications of petroleum products being supplied, including quality standards and compliance requirements

5. Quantity and Delivery Terms: Agreed volumes, delivery arrangements, and logistics requirements

6. Pricing and Payment Terms: Price determination, invoicing, payment conditions, and price adjustment mechanisms

7. Quality Control: Quality standards, testing procedures, and compliance with regulatory requirements

8. Term and Termination: Duration of agreement, renewal provisions, and termination rights

9. Compliance with Laws: Obligations to comply with relevant federal and state regulations, including environmental standards

10. Warranties and Representations: Standard warranties regarding product quality, compliance with laws, and authority to contract

Optional Sections

1. Minimum Purchase Requirements: Specific minimum volume commitments and consequences of failure to meet these requirements

2. Exclusive Supply Provisions: Terms of exclusivity and territorial restrictions

3. Force Majeure: Provisions for circumstances beyond parties' control affecting performance

4. Storage Requirements: Specific requirements for product storage and maintenance

5. Transportation Requirements: Specific requirements for product transportation and handling

Suggested Schedules

1. Product Specifications Schedule: Detailed technical specifications of products and quality standards

2. Pricing Schedule: Detailed pricing mechanisms, formulae, and adjustment procedures

3. Delivery Points Schedule: List of approved delivery locations and specific requirements for each location

4. Quality Testing Procedures: Detailed testing methodologies and frequency of testing

5. Environmental Compliance Requirements: Specific environmental standards, procedures, and reporting requirements

6. Safety Procedures: Handling and safety requirements, including emergency procedures

Authors

Alex Denne

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

alex.den.21@genieai.co
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Industries

Clean Air Act (CAA): Federal legislation governing fuel quality standards, emissions requirements, and renewable fuel standards for petroleum products

Energy Policy Act: Federal law establishing fuel specifications and storage requirements for petroleum products

Petroleum Marketing Practices Act (PMPA): Federal legislation regulating relationships between oil companies and dealers, including termination and non-renewal provisions

Robinson-Patman Act: Federal antitrust law addressing price discrimination and fair pricing practices in petroleum product sales

EPA Regulations: Federal environmental regulations covering storage tank requirements, spill prevention, and environmental compliance for petroleum products

Department of Transportation Regulations: Federal regulations governing transportation safety and hazardous materials handling in petroleum product distribution

State Environmental Regulations: State-specific environmental standards and storage tank regulations that vary by jurisdiction

State Consumer Protection Laws: State-level regulations governing product quality requirements and pricing regulations for petroleum products

State Weights and Measures Laws: State-level standards for measurement and product quality in petroleum product transactions

Uniform Commercial Code (UCC): State-adopted uniform laws governing contract formation, commercial terms, and warranties in commercial transactions

Antitrust Laws: Federal and state laws regulating competition and preventing market manipulation in petroleum product markets

OSHA Regulations: Federal workplace safety requirements and handling procedures for petroleum products

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

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