《SPA BLCO FOB-TTT-1MBBLS-SRGC-Sinopec》.pdfVIP

CONTRACT REFERENCE NO: SRGC/SINOPEC/NNPC/FOB-TTT/001/29/11/13. Page 1 of 16 SALES AND PURCHASE AGREEMENT OF NIGERIAN BONNY LIGHT CRUDE OIL SALES AND PURCHASE AGREEMENT OF NIGERIAN BONNY LIGHT CRUDE OIL (FOB/TTT) This agreement is entered into this , day of November, 2013 This agreement is entered into this , day of November, 2013 Between Between Seller’s Name and Address: Seller’s Name and Address: SRGCL COMPANY LIMITED. SRGCL COMPANY LIMITED. (Hereinafter referred to as “SELLER”) Hereinafter referred to as SELLER ) And And Buyer’s Name and Address: Buyer’s Name and Address: (Hereinafter referred to as “BUYER”) Hereinafter referred to as BUYER SELLER. SELLER. BUYER CONTRACT REFERENCE NO: SRGC/SINOPEC/NNPC/FOB-TTT/001/29/11/13. Page 2 of 16 Whereas, the parties mutually accept to refer to the General Terms and Definitions, as set out by the INCOTERMS Edition 2000 with latest Amendments, having the following terminology fully understood and accepted: DEFINITIONS: US Barrel: Is the unit of volume measured at standard temperature of 60 degree Fahrenheit and equal to 42 US Gallon or 158.97. Metric Tons: A measure of weight equivalent to one Thousand Kilogram Mass (1,000 kg) Commodity: Is referred to as