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FOB Sale and Purchase Agreement*

 

Seller: [Insert Seller’s Name and Address]

Buyer: [Insert Buyer’s Name and Address]

Product: Crude Oil ( Grade: [Insert Grade] )

Quantity: [Insert Quantity] barrels

Price: $[Insert Price] per barrel

Loading Port: [Insert Loading Port]

Loading Date: [Insert Loading Date]

Vessel: [Insert Vessel Name]

Terms:

  • FOB (Freight on Board)
  • Seller responsible for loading costs
  • Buyer responsible for freight, insurance, and unloading costs
  • Payment due [Insert Payment Terms]

Quality Specifications:

  • API Gravity: [Insert API Gravity]
  • Sulfur Content: [Insert Sulfur Content]
  • Water Content: [Insert Water Content]

Inspection and Certification:

  • Inspection by [Insert Inspection Company]
  • Certification by [Insert Certification Company]

Dispute Resolution:

  • Any disputes resolved through arbitration in accordance with [Insert Arbitration Rules]

Governing Law:

  •  This agreement shall be governed by and construed in accordance with [Insert Governing Law]

Please note that this is a sample and should be reviewed and modified according to your specific needs and circumstances. It’s also recommended to seek legal advice before entering into any contract.

 

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