DEFINITIONS - Sales and Purchase Agreement Diesel Gas Oil (EN590 10PPM)

Sep 2, 2026

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Defines key terms used in a Diesel Gas Oil (EN590 10PPM) sales and purchase agreement, including measurement units (US METRIC TONS, MT), commodity description and specifications, and commercial and operational concepts such as origin, banking day, calendar period, quarter, out-turn quantity, and bill of lading. It also establishes pricing and market reference mechanics through CIF and Platt’s market scan terms, as well as surveyor standards and disruption triggers that affect the price index.

LanguageEnglish

CategoryForms

FormatDOCX

Pages15

Reading Time5 min

AccessFree to download

Definitions

Contract scope terms

Measurement and calendar terms

Commodity, documents, and pricing references

SALES AND PURCHASE AGREEMENT DIESEL GAS OIL (EN590 10PPM) Non Embargo ORIGIN CONTRACT NO : CONTRACT №: KZTRNFTH07827/JTC08514 TRANSACTION CODE : ASNNFT/CIF/054EN590/9372/062/24 DELIVERY TERMS ORIGIN PRODUCT TOTAL QUANTITY PRICE BASIS FEES DATE OF ISSUE EXPIRATION DATE : CIF ASWP : Kazakhistan : DIESEL GAS OIL (EN590 10PPM) : With the first Spot trial order, the first year will be 360.000 MT- 30.000 MT, the second year MT, and the third year 360.000 MT. : In the first year, US $ 350 per CIF Price MT will be gross per gross, the second year, US $ 375 per CIF Price MT, third year, USD $ 375 per CIF Price MT will be gross. It will not change. : 50/50 AS PER NCNDA/IMFPA : MARCH 19nd, 2024 : MARCH 25th, 2024 (IF NOT SIGNED AND RETURNED BY BUYER) This Agreement, made as of the 19nd day of MARCH 2024 by and between: THE SELLER: “SELLER” AND THE BUYER: Herein referred to as the “BUYER” BROKER: Company Name: Address: Country: Phone: Represented by: Designation: CEO/Director (Hereinafter referred to as "Broker") Whereas the parties mutually desire to execute this Contract which shall be bound upon and in accordance with the jurisdictional law of the negotiated and fully executed contract. WHEREAS, the Parties mutually desire to execute this Contract, which shall be binding upon and inure to the benefit of the Parties, their legal representatives, Successors and Assignees, in accordance with the jurisdictional law of the negotiated and fully executed Contract with terms and provisions hereunder agreed upon. WHEREAS, SELLER and BUYER, under full corporate or trust authority and responsibility, respectively represent to each other on the date hereof that the Seller is the lawful owner of the Commodity, in the quantity and quality hereunder specified, and the Buyer has the full capability to purchase the said Commodity. DEFINITIONS WHEREAS the parties mutually accept to refer to the General Terms and Definitions, as set out by the INCOTERMS Edition 2010 with latest amendments, having the following terminology fully understood and accepted: US METRIC TONS Is the unit of volume measured at temperature of 60 degrees Fahrenheit and equal to 42 US MT. MT A measure of weight equivalent to one-thousand-kilogram mass (1.000 kg) or one thousand one hundred and eighty liters volume (1,180 liters). Commodity Is referred to as being DIESEL GAS OIL (EN590 10PPM) NON EMBARGO ORIGIN as per ANNEX “A”, may elsewhere in this agreement also be referred to as “Product” which Specifications are detailed in the ANNEX “A”, which is an integral part of the Contract. ORIGIN : Kazakhistan DAY : MEANS A CALENDAR DAY, UNLESS DIFFERENTLY SPECIFIED. BANKING DAY : MEANS ANY DAY BANKS ARE OPEN FOR BUSINESS IN THE UNITED STATES. MONTH : MEANS A GREGORIAN CALENDAR MONTH. CALENDAR : PERIOD OF THREE (3) CONSECUTIVE MONTHS COMMENCING ON QUARTER : THE 1ST JANUARY 1ST APRIL 1ST JULY 1ST SEPTEMBER, 1ST OCTOBER,1ST NOVEMBER, OR 1ST DECEMBER. ASTM American Society for Testing and Materials (“ASTM”) is the institute internationally recognized that approves all standards, tests and procedures used in the Oil Industry and to be referred in this agreement to the latest revised edition with amendments in force to date. Out-turn the quantity and quality of the product ascertained by the international Independent Laboratory at the loading port, according to the ASTM procedures, on completion of the loading operations. The so determined out-turned quantity and quality is the basis on which the amount will be computed for the payment of the product effectively delivered to the Buyer. Bill of Lading is the official document, issued at the load port after completion of the loading operations, stating the ship’s loaded quantity expressed in Metric Tons (MT) expressed as per the above definitions. This document must be signed in original by the ship’s Master and made out in accordance without the instruction hereinafter specified in this agreement. CIF Cost Insurance & Freight; picked-up at Loa

FAQs

What does “US METRIC TONS” mean in the agreement?

It is the unit of volume measured at 60°F and equals 42 US MT.

How is “Out-turn” quantity and quality determined?

It is the quantity and quality ascertained by an international independent laboratory at the loading port using ASTM procedures after loading completion, and it forms the basis for payment for effectively delivered product.

What conditions constitute “Market Disruption” under the pricing index rules?

It includes failure to publish needed information, trading failure or suspension in the relevant commodity/market acting as the price index, unavailability or closure of the index source, or material changes in determining the price index.

Sep 2, 2026

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