Fuel Supply Contract Template for Philippines

A Fuel Supply Contract is essential for businesses operating in the Philippines that require regular fuel supply for their operations. This document is particularly important given the regulated nature of the Philippine downstream oil industry under RA 8479 (The Downstream Oil Industry Deregulation Act) and related legislation. The contract establishes the framework for ongoing fuel supply relationships, covering crucial aspects such as product specifications, pricing mechanisms, delivery terms, quality standards, and compliance requirements. It's typically used when establishing long-term supply arrangements between fuel suppliers and commercial or industrial buyers, ensuring compliance with Philippine regulations while protecting both parties' commercial interests. The agreement needs to address specific requirements for fuel quality standards, environmental protection, and safety regulations as mandated by Philippine law.

1. Parties: Identification of the supplier and purchaser, including complete legal names, registration details, and addresses

2. Background: Context of the agreement, including brief description of parties' businesses and purpose of the contract

3. Definitions: Detailed definitions of technical terms, industry-specific terminology, and key concepts used throughout the agreement

4. Supply Obligations: Core obligations of the supplier, including quantity, quality specifications, delivery terms, and supply guarantees

5. Purchase Obligations: Purchaser's commitments, including minimum purchase obligations, forecast requirements, and ordering procedures

6. Price and Payment: Pricing mechanism, payment terms, invoicing procedures, and price adjustment provisions

7. Delivery and Risk: Delivery arrangements, transfer of risk and title, transportation responsibilities, and storage requirements

8. Quality and Testing: Fuel quality specifications, testing procedures, rejection rights, and remedies for non-conforming products

9. Term and Termination: Duration of the agreement, renewal provisions, and grounds for termination

10. Compliance with Laws: Obligations to comply with relevant Philippine laws, including downstream oil industry regulations and environmental requirements

11. Force Majeure: Events constituting force majeure, notification requirements, and consequences

12. Liability and Indemnification: Allocation of risks, limitation of liability, and indemnification obligations

13. Dispute Resolution: Procedures for resolving disputes, choice of forum, and governing law provisions

14. Confidentiality: Protection of confidential information and trade secrets

15. General Provisions: Standard boilerplate clauses including notices, amendments, assignment, and entire agreement