TERMS AND CONDITIONS OF SALE FOR MARINE FUELS 2024

The following terms and conditions shall apply to all sales of marine bunker fuels and related products and services of whatever type or grade by the Seller to the Buyer (as defined below).

1. APPLICATION

  1. 1.1  The Terms and Conditions together with a Sales Order Confirmation (collectively, the Contract”) shall contain the entire agreement between the parties and supersede all prior agreements, arrangements, understandings, representations and/or warranties made in respect of this and previous transactions. In the event of any inconsistency or conflict between the Sales Order Confirmation and the Terms and Conditions, the Sales Order Confirmation shall take precedence.

  2. 1.2  The Terms and Conditions shall apply to all agreements between the Buyer and the Seller, even if no Sales Order Confirmation is issued by the Seller.

  3. 1.3  The Seller reserves the right to, at its sole discretion, revise and amend the Terms and Conditions herein from time to time and without notice.

2. INTERPRETATION

2.1 In these Terms and Conditions:-
Assigned Interests” has the meaning set out in Clause 21.2.

BDN” means the bunker delivery note issued by the Seller or the Supplying Company upon Completion.

Buyer” means the party or parties described in the Sales Order Confirmation and shall include the Vessel, the Owner, her master, operators, any party benefiting from consuming the Products, and any other party ordering the Products, all of whom shall be jointly and severally liable as the Buyer under the Contract. All references to the Buyer shall include their servants, agents, successors, subcontractors, assigns, designated representatives, and principals (whether disclosed or undisclosed).

Business daymeans any day other than a Saturday, Sunday or public holiday in Singapore, or any day other than a rest day or public holiday at the place of delivery, as the case may be.

Completionmeans the finalisation of the delivery of the Products to the Vessel as further particularized in Clause 7.12.

Code” means the Singapore Standard code of practice for Bunker Mass Flow Metering SS648:2019(as amended and/or supplemented from time to time as at the date of delivery

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