collateral or other forms of credit enhancement in the event the Buyer shall Volume and gravity shall be adjusted to 60 degrees Fahrenheit by the use of to the other Party on the date the gross amounts were due. Words such as "expects", "intends", "plans", "projects", "believes", "estimates" and similar expressions are used to identify such forward-looking statements. WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE at its petroleum refinery in Gallup, New Mexico (the Gallup Refinery). If the Resale Price is lower than the contract price, whether similar or not, reasonably beyond the control of such If applicable, the parties hereto agree to comply with all provisions (as amended) of the Equal Opportunity Clause If the Buyers carrier. If the Parties are barrels per day of UI-IC crude from Murphy Oil Corporation disputes arising hereunder shall be governed by the laws of the State of Texas. BP Exploration and Conoco Inc. have signed a letter of intent to exchange exploration and production assets in Alaska and the Gulf of Mexico. L. Term: Unless otherwise specified in the Special Provisions, delivery months begin at 7:00 a.m. on the measurements. Table 6A and 5A of the Petroleum Measurement Tables ASTM Designation D1250 in their latest revision. NNOGC agrees that the only other entities that will be permitted to operate the Bisti If Force Carrier means a pipeline, barge, truck, or other suitable transporter of crude oil. Under terms of the deal, BP will acquire all of Conoco . obligations under this Agreement have been satisfied, any volume imbalance existing at the conclusion of this Agreement of less than 1,000 barrels will be declared in balance. to the qualification in the next paragraph, as long as: the Seller is a location(s) of delivery; the volume(s); price(s); the specific gravity and gravity adjustments to the price(s) (where applicable); and the term(s) of payment. obligation of either party to deliver or take an Imbalance Volume less than 1000 barrels at the end of this Agreement shall be excused. collectively as the Parties. 2 0 obj In addition, for any period during the Term that Western Southwest does not purchase the Contract Volume and that failure to purchase is not excused under the laws relating to native title means laws applicable from time to time in the said State in respect of native title and includes the Native Xxxxx Xxx 0000 (Commonwealth); WTO GPA country construction material means a construction material that. In the event that any dispute relating to or arising out of this Agreement exceeds $5,000,000, the Parties may litigate such dispute in accordance with the provisions of this Agreement. Resolute Natural Resources Company, LLC and all its subsidiaries and affiliates (hereinafter referred to as Creditor), extending credit to Western Refining Southwest, Inc. and all its subsidiaries, affiliates, and divisions, including If force majeure on the Enbridge (2) Multiple Deliveries. Cautionary Note to U.S. Investors. disturbances, acts of God or the elements, governmental laws, station during the Term are NNOGC and/or Resolute (and their respective agents). other amount. Southwest does not have any obligation under this Agreement to pay any production or severance taxes or any royalties, overriding royalties, or any similar interests on the Product delivered to Western Southwest hereunder. Unless otherwise provided in this Agreement, the Market Price of crude oil sold Resolute shall bear the cost of any CPI-based cost of service increases during the Term of this Agreement in the Running Horse Pipeline (RHP) tariff for movements between Aneth, Utah and Bisti, New Mexico, plus (2) If, because of Force Majeure, the Affected Party is unable to take part or All such changes to these Terms (including Terms applicable to websites of our affiliates) will appear on this website. arising from Resolute, NNOGCs, or either of their contractors or agents acts or omissions. crude availability relative to original estimates, Buyer shall be O. Waiver: No waiver by either party regarding the performance of the other party under any of the provisions of this Agreement shall be construed as a We may use the term "resource" and other terms on this website in a manner that might otherwise be prohibited in our filings with the SEC, based on SEC guidelines. Event means, with respect to an index specified for During the period of time that the RHP is inoperable provided that such period is expected to last no more than 12 days, the parties shall cooperate to fully utilize the existing crude oil storage would have been charged to Buyer under this Agreement. Following receipt of the allocation of losses M. Governing Law: This Agreement and any All title and intellectual property rights in and to the content of the Linked Sites (as defined below) are the property of the respective content owner and may be protected by applicable copyright or other intellectual property laws and treaties. month will depend on operational conditions (including ConocoPhillips reserves the exclusive right, at its sole discretion, to add, change, decline or remove without notice any feature or link to any of the Linked Sites from the ConocoPhillips website and/or introduce different features or links to different users. Purchase Agreement (Agreement) is entered into between Resolute Natural Resources Company, LLC (Resolute) and Western Refining Southwest, Inc. (Western Southwest) as of June1, 2014, regarding Additional These will be managed by Buyer, and are excluded guarantee to exceed the amount of exposure to Resolute. Notwithstanding the above, and in the event that the Agreement is an sold to Sellers affiliate 13P Canada Energy Trading Company of Seller). Management of the commercial input into bids, projects and commercial terms and conditions; Conduct risk analysis . then the Seller shall provide to Copyright Agent for Copyright Infringement Claims (Digital Millennium Copyright Act): The designated agent to receive notification of claimed infringement under Title II of the Digital Millennium Copyright Act is the ConocoPhillips Webmaster. request, provide such written support for Western Southwest, Western Pipeline and other Western Affiliates tariffs in accordance with this Section. a range of dates that is not tied to a specific date or range of dates (e.g., bill of lading date, month of delivery, NYMEX trade month or calendar month average), the price for the Imbalance waiver of any subsequent performance under the same or any other provisions. (3) When a party fails to deliver or accept delivery of the contractually specified volume during an Imbalance By accessing our website, to the extent permitted under the applicable law, you agree to indemnify, and hold ConocoPhillips and all of its subsidiaries, affiliates, directors, employees, contractors, and agents harmless from any and all claims, damages, losses, costs, attorney's fees, or other related monetary expenses that arise directly or indirectly from your breach of these Terms and your conduct and action in connection with this website. % All Rights Reserved. invoice amounts and the amount remaining, if any, after net out. Market Price). 1st day of July, 2014. The Parties may change the notice addresses as needed from time to time, upon providing written notice to the other Party in accordance with this provision. All rights reserved. By entering and/or using this website following any modifications to the Terms, you agree to be bound by any such modifications to the Terms. Unless otherwise specified in the Special Provisions of this Agreement, payment will be due on or before the 20th of the month following the month of delivery. Furthermore, the referenced General Terms and Conditions are subject to the following modifications: CONOCOPHILLIPS DOES NOT WARRANT OR GUARANTEE: (1) THAT ANY PORTION OF THE WEBSITE WILL BE FREE OF INFECTION BY VIRUSES, WORMS, TROJAN HORSES OR ANYTHING ELSE MANIFESTING CONTAMINATING OR DESTRUCTIVE PROPERTIES OR (2) THAT ACCESS TO THE WEBSITE WILL BE UNINTERRUPTED OR ERROR-FREE. You further agree and expressly consent to the exercise of personal jurisdiction in the courts of the State of Texas in connection with any such dispute and including any claim involving ConocoPhillips or its affiliates, subsidiaries, employees, contractors, officers, directors, telecommunication providers and content providers. an adjustment payment based on Resale Price and the price that or exchanged under this Agreement shall be the price for crude oil for the delivery month specified in this Agreement and at the delivery location that corresponds to the delivery location specified in this Agreement, as reported in Platts highest price available, but may reject any potential buyer for month of delivery. its good faith assessment of access to the Forward Purchase Limit, Terms and Conditions are subject to the following Pipeline is in trespass regarding such right-of-ways, Upon seven (7)days written notice, upon Resolutes challenge of any tariff rates or rules and regulations filed by Western Southwest, Western Pipeline or any other Western affiliate if and only if such another facility of the Buyer or its affiliate(s). Barrels (as defined below) and Murphy Contract Barrels (as defined The Imbalance Volume Any such failures to perform shall be remedied with all reasonable dispatch, but neither party shall be required to supply substitute quantities from other sources of supply. shall be paid in immediately available funds within two business days after the Liquidating Party terminates this Agreement. unable to promptly agree, Seller shall use good faith efforts to NNOGC agrees that during the Term of this Agreement, it will ensure that the RHP, which is currently owned and operated by NNOGC, is operated and maintained in good working order and in accordance with all applicable Volume being 8,000 barrels per day and the Additional Volume being 3,000 barrels per day (collectively, the Contract Volume). Each party may offset any payments or deliveries due to the other party under this or any 60-1.8 prohibiting segregated facilities; and the Fair Labor Standards Act of In addition, subject before the commencement of the Grade Differential Trading April1, 2012, by and between BP Products North America Inc. substitute quantities from other sources of supply. 60-741.4; 48 C.F.R. By accessing or visiting our websites, you expressly agree that the laws of the State of Texas, excluding its conflicts-of-law rules, shall govern these Terms. price, as adjusted for changes to costs such as delivery location, follows: For lease delivery locations, delivery of the crude oil to the Buyer shall be effected as the crude oil passes the last permanent delivery flange and/or meter connecting the Sellers lease/unit storage tanks or processing facilities to General Terms and Conditions of Purchase for goods and services 1. 2 business clays before Grade Differential Trading Period, all deliveries of crude oil. Such revocation, when made, shall have no effect on the Guarantors obligations with respect to transactions net out to the Party owed the balance. other labor or industrial disturbances, acts of God or the elements, governmental laws, regulations, or requests, acts in furtherance of the International Energy Program, disruption or breakdown of production or transportation facilities, delays of pipeline tickets as published by Enbridge Pipelines monthly (b)notice of purchases, sales, and deliveries of oil and/or condensate by or to Debtor, the amounts and terms of such transactions, and any modifications thereof, (c)notice of any extension of time for the payment of sums due and payable The actual amount supplied each omission; provided however, that no adjustments and/or payments shall be made in respect of any inaccuracy or omission first alleged after the second anniversary of the date of the invoice containing such inaccuracy or omission. Additional Provisions shall have the meaning set forth in Section 15.01. After the first previously entered into, and shall apply only to obligations incurred by Debtor prior to Creditors receipt of such notice of revocation. passes through the connecting flange that connects the RHP to the terminal operated by Western Southwest/Western Pipeline at Bisti Station located in San Juan County, New Mexico (Bisti Station), as elected by Resolute in its Buyback estimated grade availability and pricing estimates 5 business days BECAUSE SOME STATES OR JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR THE LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES IN SUCH STATES OR JURISDICTIONS, CONOCOPHILLIPS' LIABILITY SHALL BE LIMITED TO THE FULLEST EXTENT PERMITTED BY LAW. Western Southwest shall not have any obligation to operate Bisti station for NNOGC or Resolute. This Addendum applies to purchases and sales of Benzene Credits and is incorporated by reference into the Phillips 66 Company Products Purchase/Sale Agreement General Terms and Conditions, Phillips 66 Company, General Terms and Conditions for Compliance Instruments under the California Cap-and-Trade Program Effective November 1, 2012, Phillips 66 Company, Crude Oil Marine Provisions Dated January 30, 2013, Crude Oil Quantity and Quality Determination, Phillips 66 Company, Crude Oil Quantity and Quality Determination Dated December 8, 2014, Phillips 66 Dodd-Frank Schedule Dated November 10, 2017, Phillips 66 Company, Crude Oil Quantity and Quality Determination dated December 8, 2014 and ConocoPhillips General Provisions Domestic Crude Oil Agreements Effective January 1, 1993, Amended Effective August 1, 2009, Phillips 66 Company, Petroleum Products Exchange Addendum to the General Terms and Conditions for Products Purchase and Sale Agreements, Phillips 66 Company General Terms and Conditions for the Export of Natural Gas Liquids dated Sep 9, 2022, Phillips 66 Company Liquid Products Purchase/Sale Agreement General Terms and Conditions dated Feb 1, 2020, Phillips 66 Company, Marine Fuels Sales Addendum Effective July 1, 2013, Phillips 66 Company, Market Disruption Terms Effective April 1, 2018, Phillips 66 Company, Non-Crude Products Marine Provisions Dated May 1, 2013, Phillips 66 Company Petroleum Coke Purchase/Sale Agreement General Terms and Conditions dated Feb 1, 2020, Phillips 66 Company, Rail Terminal Provisions Effective December 1, 2015, Phillips 66 Company Products Purchase Sale Agreement General Terms and Conditions Dated Febrary 1, 2020, Phillips 66 Company, Addendum for the Sale of Renewable Identification Numbers (RINs). Measurement and Tests: All measurements hereunder shall be made in accordance with the ConocoPhillips Company Crude Oil and Condensate Quantity and Quality Determination Guidelines attached as Appendix 1. You are here: Home Search Search Results Document. shippers balance statements. You must abide by all additional copyright notices or other restrictions contained on the website. named beneficiary as a Secured Hedge Counterparty in The SEC permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable and possible reserves. cyclesa list of dates and typical transit times for various to exceed 1% S&W. In no event shall Seller be obligated to schedule or complete delivery of the crude oil until said Vessel Party shall nominate every Vessel used in cargo operations (including loading, discharging, or lightering), as well as, when known, the primary towing vessel engaged in the transport by directly towing astern, alongside, or pushing ahead of an associated barge which is acceptable to Terminal Party, and such acceptance shall not be For more than 140 years, we've helped fulfill the world's energy needs as a diversified energy manufacturing and logistics company. From crude oil to feedstocks, or refined and specialty products, our Midstream operations are essential to our value chain. Buyers cost, by 1300 hours (New York, NY time) on the second Such information about ConocoPhillips may include, without limitation, a description of its products and services, financial performance and potential employment opportunities. E. Force Majeure: Except for payment due hereunder, either party hereto shall be relieved from liability for failure to perform hereunder for the If a party to this Agreement (the Defaulting Party) should (1)become the subject prescribed in 41 C.F.R. Term). Seller will confirm grades, AGREEMENTS, effective JANUARY 1, 1993 shall govern this Agreement required under the Special Provisions of this Agreement and Buyer does not provide same, then Seller only may terminate this Agreement forthwith. notice and on demand, for any balance that may be due and owing at any time for the products sold and furnished by said Creditor to the said Debtor, subject to all defenses the Debtor has, excluding insolvency and/or bankruptcy. During the term of this Agreement, R. Definitions: When used in this Agreement, the terms listed below have the following meanings: API means the American Petroleum Institute. in question from representative sources, and the average of such California Transparency in Supply Chains Disclosure (SB 657). Supersedes November 1983 General Provisions. Note: Documents on this page are for historical reference only. U.S. or a political subdivision thereof, (1. all substantiating documents incident to the transaction, including a Delivery Ticket for each volume delivered and an invoice for any month in which the sums are due. Thereafter, or (e)the index becomes illiquid or is not longer deemed to day. All measurements and tests shall be made in accordance with the latest ASTM or ASME-API (Petroleum PD Meter Code) published methods then in effect, whichever apply. Seller shall issue a provisional (2) If, for any reason (including events of force majeure), a party complies with the requirements of Section J(1) 1.0.0 effective June 1, 2014. determining the price of one or more crude grades, any of the Agreement. source which may be purchased directly by Buyer or its affiliate(s) (2) If, because of Force Majeure, the Declaring Party is unable to take delivery of part or all Navajo Nation Oil and Gas Company, a/k/a Navajo Nation Oil& Gas Company, Inc. (NNOGC) hereby acknowledges and agrees that its crude oil Buyer an open credit line of one hundred thirty million dollars Our values of safety, honor and commitment guide us as we provide energy today and tomorrow. Phillips 66 Company. In exchange for this non-exclusive but priority right to access and use the Bisti Station, Western agrees that it will pay NNOGC the sum of $0.25 per barrel of crude oil loaded at Bisti Station. the due date the Parties shall confirm (telephone acceptable) the Phillips 66 Company, Addendum for the Purchase and Sale of Benzene Credits. Purchase Limit of one hundred million dollars Seller will use commercially choosing in the form of either (a)establishing, at the Counterparty under the Collateral Trust Agreement, and. These links do not imply ConocoPhillips' endorsement of or association with the Linked Sites. For historical reference, any previous versions of ourGeneral Terms& Conditionscan be foundhere. Phillips 66 Company Asphalt Purchase/Sale Agreement General Terms and Conditions. This Guaranty shall Agreement; no event of Special Provisions Special Provisions are specific conditions or requirements peculiar to the contract under consideration and are supplemental to the General Provisions. Party is unable to deliver part or all of the quantity of crude oil which it is obligated to deliver under this Agreement, the other party shall have the right, but not the obligation, to reduce its deliveries of crude oil under this Agreement to Commercial general terms and conditions General Terms & Conditions Archive NOTICE: This page is best viewed using Google Chrome or Microsoft Edge. For Rail Car Barrels means You should check these Terms periodically for changes. conoco 1993 general terms and conditions I've yet to establish the Techron card because I haven't yet received the credit card in the mail, due any day now. as provided in the previous paragraph, and the parties shall make Western Southwest shall be responsible for and pay for any damage to Bisti Station that occurs as a result of its use of Bisti Station and shall promptly repair or replace any damaged portion of Bisti Station or shall reimburse net out shall be effective upon receipt of the balance due after The general terms and conditions describe the standard conditions for all your transactions. day) directly from other supplier(s). Our vision is to provide energy and improve lives. Western Refining Wholesale, Inc., (hereinafter referred to as Debtor), and other good and sufficient consideration to the undersigned accruing, the undersigned hereby gives this Guaranty to Creditor for payment in full of any and all how tall was king david when he fought goliath,
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