Purchase And Sale Agreement Oil And Gas Template for Hong Kong

1. Transportation: Detailed transportation arrangements when seller is responsible for transport

2. Storage: Storage provisions when agreement includes storage services

3. Insurance: Specific insurance requirements beyond standard coverage

4. Environmental Compliance: Detailed environmental obligations when handling involves sensitive areas

5. Credit Support: Requirements for letters of credit or other security when required

6. Hedging Arrangements: Price hedging provisions if parties agree to price risk management

7. Terminal Services: Terminal handling provisions if using specific terminal facilities

8. Government Approvals: Detailed approval requirements for jurisdictions with heavy regulation

1. Schedule 1 - Product Specifications: Detailed technical specifications of oil and gas products

2. Schedule 2 - Pricing Formula: Detailed pricing calculations and adjustment mechanisms

3. Schedule 3 - Delivery Schedule: Timing and quantity of deliveries

4. Schedule 4 - Quality Testing Procedures: Detailed testing methods and standards

5. Schedule 5 - Measurement Procedures: Detailed quantity measurement procedures

6. Schedule 6 - Operating Procedures: Detailed operational procedures for delivery and receipt

7. Appendix A - Form of Quality Certificate: Standard form for quality certification

8. Appendix B - Form of Notice of Readiness: Standard form for delivery notification

9. Appendix C - Safety Procedures: Safety requirements and emergency procedures

10. Appendix D - Required Government Approvals: List of required permits and licenses