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Gas Sale Agreement
"I need a Gas Sale Agreement for a Belgian industrial manufacturer purchasing 500,000 cubic meters of natural gas annually from a wholesale supplier, with delivery starting January 1, 2025, including interruptible supply provisions and storage facilities."
1. Parties: Identification and details of the seller and buyer
2. Background: Context of the agreement and brief description of the parties' intentions
3. Definitions and Interpretation: Definitions of key terms and interpretation rules
4. Sale and Purchase Obligation: Core obligations of parties regarding gas sale and purchase, including take-or-pay provisions
5. Quantity: Contracted quantities, including daily and annual contract quantities
6. Quality: Gas quality specifications and measurement standards
7. Delivery: Delivery point, transfer of title and risk
8. Price and Payment: Price calculation, invoicing, and payment terms
9. Measurement: Measurement procedures, standards, and verification
10. Force Majeure: Force majeure events and consequences
11. Warranties and Liabilities: Parties' warranties and limitation of liability
12. Term and Termination: Duration, renewal, and termination provisions
13. Confidentiality: Confidentiality obligations and permitted disclosures
14. Governing Law and Disputes: Choice of law and dispute resolution mechanisms
15. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. Transportation: Required when seller is responsible for gas transportation arrangements
2. Storage: Included when agreement involves storage facilities or services
3. Interruptibility: Required for interruptible supply agreements to define interruption rights and notice requirements
4. Nominations: Detailed nomination procedures for variable volume contracts
5. Credit Support: Required when parties agree on specific credit support mechanisms
6. Carbon Credits/Emissions: Required when agreement includes provisions about carbon credits or emissions trading
7. Gas Balancing: Required for agreements involving balancing obligations
8. Change in Law: Detailed provisions for managing regulatory changes in complex long-term agreements
1. Schedule 1 - Technical Specifications: Detailed gas quality specifications and acceptable ranges
2. Schedule 2 - Measurement Procedures: Detailed measurement, sampling, and testing procedures
3. Schedule 3 - Price Calculation: Detailed price formulae and adjustment mechanisms
4. Schedule 4 - Delivery Points: Technical description and specifications of delivery points
5. Schedule 5 - Contact Details: Operational and administrative contact details
6. Schedule 6 - Form of Nominations: Standard forms and procedures for gas nominations
7. Schedule 7 - Operating Procedures: Detailed operational procedures and requirements
8. Appendix A - Bank Guarantee Format: Standard format for bank guarantees if required
9. Appendix B - Parent Company Guarantee: Format of parent company guarantee if required
Authors
Annual Contract Quantity
Applicable Law
Available Quantity
Banking Day
Base Price
Buyer's Facilities
Carbon Credits
Commencement Date
Contract Price
Contract Year
Daily Contract Quantity
Day
Delivery Point
Delivery Pressure
Distribution Network
End User
Euro
Expert
Force Majeure
Gas
Gas Day
Gas Quality Specifications
Gas Transportation Agreement
Gas Year
Gross Calorific Value
Hour
Interconnection Point
Interest Rate
Joule
Maintenance
Maximum Daily Quantity
Measurement Equipment
Minimum Daily Quantity
Month
Monthly Invoice
Nomination
Normal Cubic Meter
Off-Spec Gas
Operating Procedures
Planned Maintenance
Price Index
Quality Standards
Quarter
Reasonable and Prudent Operator
Seller's Facilities
Shortfall Gas
Standard Cubic Meter
System Emergency
Take-or-Pay Quantity
Technical Specifications
Term
Thermodynamic Conditions
Third Party
Total Net Value
Transmission System
Transportation Charges
Week
Wilful Misconduct
Working Day
Year
Definitions
Sale and Purchase Obligation
Quantity
Quality
Delivery
Title and Risk
Transportation
Nominations
Measurement
Price
Invoicing and Payment
Credit Support
Take or Pay
Force Majeure
Planned Maintenance
Representations and Warranties
Liabilities and Indemnities
Insurance
Assignment
Confidentiality
Change in Law
Termination
Dispute Resolution
Governing Law
Notices
Health Safety and Environment
Taxes
Anti-Corruption
Data Protection
Intellectual Property
Emergency Procedures
Operational Communications
Record Keeping
Entire Agreement
Severability
Waiver
Third Party Rights
Amendments
Counterparts
Energy
Utilities
Manufacturing
Power Generation
Chemical Industry
Industrial Processing
Commercial Real Estate
Agriculture
Food & Beverage
Municipal Services
Legal
Commercial
Operations
Trading
Regulatory Affairs
Risk Management
Technical Operations
Procurement
Business Development
Quality Assurance
Supply Chain
Compliance
Finance
Strategy
Contract Management
Energy Trading Manager
Gas Supply Manager
Commercial Director
Legal Counsel
Energy Procurement Manager
Operations Manager
Risk Manager
Regulatory Compliance Officer
Technical Operations Director
Contract Manager
Business Development Manager
Energy Markets Analyst
Supply Chain Manager
Chief Commercial Officer
Quality Assurance Manager
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