An example template of a physical oil sale available for download from Commodity Contracts, to be used by traders, exporters and importers.
For a free sample pdf of the agreement, please click on "preview document".
This is a contract for the physical trading of crude oil or petroleum products on CIF terms, where the seller is responsible for arranging the vessel and insurance to the discharge terminal. Risk and property in the product passes from the seller to the buyer when it is loaded onto the vessel at the loading terminal.
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