Common use of Delivery and Delivery Point Clause in Contracts

Delivery and Delivery Point. 5.1 Crude Oil will be supplied either via pipeline or via Marine Vessels as per Schedule A. 5.2 Crude Oil will be supplied through On-land & Off-shore loading terminals as per Schedule A. 5.3 All deliveries of crude oil hereunder shall be made by the Seller at the Delivery Point on FOB basis unless stated otherwise. 5.4 For delivery via Marine Vessel mode, Buyer shall, at its own risk and cost, place suitable marine vessel at the Loading Terminal, unless stated otherwise. 5.5 For delivery from on land-terminal (JD/JNPA), Seller shall bear wharfage charges / wharfage compensation charges to such Marine Vessel at the rate applicable at JD/JNPA, and Buyer shall bear pilotage, berth hiring and all other applicable port charges at JD/JNPA whatever the case may be. 5.6 For delivery from Off-shore Terminal, Buyer shall at its own risk and cost place Marine Vessel at the Loading Terminal. 5.7 Delivery Point for deliveries via coastal mode (a) Delivery from Onshore Terminal/FPSO/FSO (b) Direct delivery from SBM i. Where the crude oil is loaded from SBM directly into marine vessel chartered by Seller or Buyer, risk and title shall pass to the Buyer at the delivery point only after the completion of Marine Vessel Loading, and delivery point shall be the inlet flange of such marine vessel irrespective of the fact whether it is chartered by the Buyer or the Seller. ii. In case the Marine Vessel is chartered by the Seller, the Buyer shall reimburse the charter hire and fuel charges to the Seller which shall be claimed by the Seller as per actuals. For the purpose of computation of the reimbursable charge by the Buyer to the Seller for charter hire and fuel, the time period+ as detailed below shall be considered; a. From the point in time when the marine vessel is de- moored from SBM to the point in time the marine vessel is released at the Discharge Port (Pilot Away Discharge Port) after discharge of the Crude Oil in to the Buyer’s Facilities and eighteen (18) hours to account for the time period saved for loading of the Crude Oil. (c) The operating procedures for each Delivery Point shall be in accordance with the prevailing standard practice followed at the Delivery Point at the time of delivery or in the event Seller publishes an operating manual upon mutual consultation with the Buyer, reflecting the operating practices at the Delivery Point from time to time, Buyer agrees to be bound by such manual for delivery operating purposes. (d) Seller can change the loading point of any supply location, if deemed necessary from operational point of view. .

Delivery and Delivery Point. 5.1 Crude Oil will be supplied either via pipeline or via Marine Vessels as per Schedule A. 5.2 Crude Oil will be supplied through On-land & Off-shore loading terminals as per Schedule A. 5.3 All deliveries of crude oil hereunder shall be made by the Seller at the Delivery Point on FOB basis unless stated otherwise. 5.4 For delivery via Marine Vessel mode, Buyer shall, at its own risk and cost, place suitable marine vessel at the Loading Terminal, unless stated otherwise. 5.5 For delivery from on land-terminal (JD/JNPA), Seller shall bear wharfage charges / wharfage compensation charges to such Marine Vessel at the rate applicable at JD/JNPA, and Buyer shall bear pilotage, berth hiring and all other applicable port charges at JD/JNPA whatever the case may be. 5.6 For delivery from Off-shore Terminal, Buyer shall at its own risk and cost place Marine Vessel at the Loading Terminal. 5.7 Delivery Point for deliveries via coastal mode (a) Delivery from Onshore Terminal/FPSO/FSO (b) Direct delivery from SBM i. Where the crude oil is loaded from SBM directly into marine vessel chartered by Seller or Buyer, risk and title shall pass to the Buyer at the delivery point only after the completion of Marine Vessel Loading, and delivery point shall be the inlet flange of such marine vessel irrespective of the fact whether it is chartered by the Buyer or the Seller. In such a scenario, there will be a certain amount of free water, which will be drained after giving sufficient settling time at the refinery shore tank. ii. In case the Marine Vessel is chartered by the Seller, the Buyer shall reimburse the charter hire hire, port charges at discharge port, and fuel charges to the Seller which shall be claimed by the Seller as per actuals. For the purpose of computation of the reimbursable charge by the Buyer to the Seller for charter hire hire, port charges at discharge port, and fuel, the time period+ as detailed below shall be considered; a. From the point in time when the marine vessel is de- de-moored from SBM to the point in time the marine vessel is released at the Discharge Port (Pilot Away Discharge Port) after discharge of the Crude Oil in to the Buyer’s Facilities and eighteen (18) hours to account for the time period saved for loading of the Crude Oil. (c) The operating procedures for each Delivery Point shall be in accordance with the prevailing standard practice followed at the Delivery Point at the time of delivery or in the event Seller publishes an operating manual upon mutual consultation with the Buyer, reflecting the operating practices at the Delivery Point from time to time, Buyer ▇▇▇▇▇ agrees to be bound by such manual for delivery operating purposes. (d) Seller can change the loading point of any supply location, if deemed necessary from operational point of view. .