INTERNATIONAL SALES AND PURCHASE AGREEMENT

INTERNATIONAL SALES AND PURCHASE AGREEMENT

For Crude Oil / Refined Petroleum Products / LNG / LPG

This Sales and Purchase Agreement (SPA) is entered into on this ___ day of ________, 20, by and between:

SELLER:

Company Name: ___________________________

Registered Address: _______________________

Registration No.: _________________________

Represented by: __________________________

Position: _________________________________

Email: ____________________  Phone: ___________

AND

BUYER:

Company Name: ___________________________

Registered Address: _______________________

Registration No.: _________________________

Represented by: __________________________

Position: _________________________________

Email: ____________________  Phone: __________

 

Collectively referred to as “the Parties”.

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1. COMMODITY

The Seller agrees to sell and the Buyer agrees to purchase the following product:

• Product: [e.g., EN590 10ppm / LNG / Mazut M100 / D2]

• Specification: According to international standards or annexed specification sheet

• Origin: [e.g., Iran, Russia, UAE, etc.]

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2. QUANTITY & DURATION

• Total Contract Quantity: _________ MT

• Monthly Delivery: __________ MT per month

• Duration: ___ months (with option to extend upon mutual agreement)

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3. PRICE

• Price per Metric Ton: USD ________ / MT

• Basis: [e.g., CIF / FOB / Ex-Works]

• Incoterms: Incoterms 2020

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4. DELIVERY

• Delivery Method: [e.g., CIF to Port XYZ]

• Delivery Start Date: ___________

• Shipment Schedule: Monthly, within the first 10 working days of each month

• Tolerance: +/- 10%

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5. PAYMENT TERMS

• Method: Irrevocable, confirmed, transferable Documentary Letter of Credit (LC)

• Issuing Bank: Top 50 international bank acceptable to Seller

• LC to be opened within ___ banking days from the contract signature

• Payment upon presentation of shipping documents

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6. SHIPPING DOCUMENTS

Seller shall provide the following documents:

• Commercial Invoice

• Bill of Lading

• Certificate of Origin

• Quality and Quantity Certificates (SGS or equivalent)

• Insurance Certificate

• Packing List

• Any other agreed documents

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7. PERFORMANCE GUARANTEE

Seller shall issue a 2% Performance Bond (PB) upon LC issuance.

Failure to perform may result in forfeiture of PB.

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8. GOVERNING LAW & DISPUTE RESOLUTION

• Governing Law: [e.g., English Law / UAE Law / ICC Rules]

• Arbitration: ICC Rules, arbitration in [Location], language: English

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9. FORCE MAJEURE

Neither Party shall be liable for delay or failure to perform due to events beyond their control including war, natural disaster, sanctions, etc.

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10. CONFIDENTIALITY

All terms of this agreement and related documents shall remain strictly confidential.

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11. ENTIRE AGREEMENT

This document represents the entire agreement and supersedes all previous negotiations.

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IN WITNESS WHEREOF, the Parties have executed this Agreement on the date first above written.

SELLER

Name: ______________________

Signature: ___________________

Date: _______________________

BUYER

Name: ______________________

Signature: ___________________

Date: _______________________