A Gas Purchase Agreement is a critical commercial contract used in Singapore's energy sector to establish long-term gas supply arrangements. This document is essential when parties seek to create a binding framework for gas trading, typically involving significant volumes and extended periods. The agreement must comply with Singapore's strict regulatory environment, including the Gas Act 2001 and EMA requirements. It covers crucial aspects such as quality specifications, delivery commitments, pricing mechanisms, and operational procedures, while addressing Singapore-specific requirements for gas trading and transportation.
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1. Parties: Identification and details of the buyer and seller
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement including technical gas specifications and regulatory references
4. Gas Specifications: Quality and technical requirements of gas to be supplied, compliance with Gas Supply Code
5. Quantity and Delivery: Volume commitments, delivery points, scheduling, and compliance with Gas Network Code
6. Price and Payment: Pricing mechanism, invoicing, and payment terms
7. Term and Termination: Duration, renewal, and termination provisions
8. Force Majeure: Events excusing performance and related procedures
9. Regulatory Compliance: Compliance with Singapore Gas Act, EMA regulations, and environmental requirements
10. Warranties and Representations: Standard warranties including compliance with applicable laws and regulations
1. Take-or-Pay Provisions: Minimum purchase obligations and related payment commitments
2. Transportation: Gas transportation arrangements and compliance with network codes
3. Carbon Credits: Treatment of carbon credits or environmental attributes
4. Change in Law: Provisions dealing with regulatory changes affecting the agreement
1. Technical Specifications Schedule: Detailed gas quality specifications and testing procedures
2. Delivery Points Schedule: Technical details of delivery points and measurement equipment
3. Price Calculation Schedule: Detailed pricing formulae and adjustment mechanisms
4. Operating Procedures Schedule: Day-to-day operational procedures and protocols
5. Form of Performance Security: Template for any required performance bonds or guarantees
6. Regulatory Compliance Schedule: Details of applicable laws and regulations including Gas Act requirements
Relevant legal definitions
Agreement
Annual Contract Quantity (ACQ)
Applicable Law
Business Day
Buyer
Commencement Date
Contract Price
Contract Year
Daily Contract Quantity (DCQ)
Day
Delivery Point
Force Majeure
Gas
Gas Specifications
Gas Transportation Agreement
Gas Transportation System
Governmental Authority
Invoice
Maximum Daily Quantity (MDQ)
Measurement Equipment
Minimum Take Obligation
Month
Monthly Contract Quantity (MCQ)
Nomination
Off-Specification Gas
Party/Parties
Pipeline
Reasonable and Prudent Operator
Seller
Specifications
Take-or-Pay Quantity
Term
Termination Date
Transportation Charges
Week
Year
Singapore Dollar
Energy Market Authority
Gas Network Code
Gas Supply Code
Heating Value
Maintenance Schedule
Metering Point
Operating Procedures
Quality Standards
Scheduled Maintenance
Annual Contract Quantity (ACQ)
Applicable Law
Business Day
Buyer
Commencement Date
Contract Price
Contract Year
Daily Contract Quantity (DCQ)
Day
Delivery Point
Force Majeure
Gas
Gas Specifications
Gas Transportation Agreement
Gas Transportation System
Governmental Authority
Invoice
Maximum Daily Quantity (MDQ)
Measurement Equipment
Minimum Take Obligation
Month
Monthly Contract Quantity (MCQ)
Nomination
Off-Specification Gas
Party/Parties
Pipeline
Reasonable and Prudent Operator
Seller
Specifications
Take-or-Pay Quantity
Term
Termination Date
Transportation Charges
Week
Year
Singapore Dollar
Energy Market Authority
Gas Network Code
Gas Supply Code
Heating Value
Maintenance Schedule
Metering Point
Operating Procedures
Quality Standards
Scheduled Maintenance
Clauses
Definitions and Interpretation
Sale and Purchase Obligation
Term and Termination
Quantity
Quality and Specifications
Delivery
Title and Risk
Price and Payment
Measurement
Transportation
Take or Pay
Force Majeure
Maintenance
Warranties and Representations
Confidentiality
Assignment
Change in Law
Dispute Resolution
Governing Law
Health and Safety
Environmental Compliance
Insurance
Liability and Indemnification
Taxes
Notices
Entire Agreement
Severability
Waiver
Amendments
Third Party Rights
Compliance with Laws
Anti-Corruption
Records and Audit Rights
Emergency Procedures
Credit Support
Operational Communications
Sale and Purchase Obligation
Term and Termination
Quantity
Quality and Specifications
Delivery
Title and Risk
Price and Payment
Measurement
Transportation
Take or Pay
Force Majeure
Maintenance
Warranties and Representations
Confidentiality
Assignment
Change in Law
Dispute Resolution
Governing Law
Health and Safety
Environmental Compliance
Insurance
Liability and Indemnification
Taxes
Notices
Entire Agreement
Severability
Waiver
Amendments
Third Party Rights
Compliance with Laws
Anti-Corruption
Records and Audit Rights
Emergency Procedures
Credit Support
Operational Communications
Relevant Industries
Relevant Teams
Relevant Roles
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