i CONTENTS PART ONE ........................................................................................................................................................ 4 In Respect of FOB Deliveries ........................................................................................................................ 4 Section 1 - Delivery ....................................................................................................................................... 4 Section 2 - Measurement and Sampling, Independent Inspection and Certification .................................. 4 Section 3 - Risk and Title .............................................................................................................................. 5 Section 4 - Laydays ...................................................................................................................................... 5 Section 5 - Nomination of Vessels ............................................................................................................... 6 Section 6 - Arrival of Vessel, Loading, Berth ............................................................................................... 8 Section 7 - Laytime, Delays and Demurrage ............................................................................................. 10 PART TWO ............................................................................................................................................... 14 In Respect of CFR, CIF and DAP Deliveries .............................................................................................. 14 Section 8 - Delivery ..................................................................................................................................... 14 Section 9 - Measurement and Sampling, Independent Inspection and Certification ................................ 14 Section 10 - Risk and Title .......................................................................................................................... 17 Section 11 – Laydays, Indicative Arrival Date Range and Arrival Date Range ......................................... 18 Section 12 - Insurance ................................................................................................................................ 18 Section 13 - Charterparty Conditions ......................................................................................................... 20 Section 14 - Nomination of Vessels, etc. ................................................................................................... 21 Section 15 - Arrival of Vessel, Berth, Discharge, etc. ................................................................................ 24 Section 16 - Laytime, Delays and Demurrage ........................................................................................... 26 PART THREE (A) ........................................................................................................................................... 29 In Respect of Barge (FOB, CFR and CIF) Deliveries for North-West Europe ........................................ 29 Section 17 - Applicability ............................................................................................................................ 29 Section 18 - Nominations in Respect of FOB Deliveries ........................................................................... 29 Section 19 - Nominations in Respect of CFR and CIF Deliveries ............................................................. 30 Section 20 - Laytime ................................................................................................................................... 31 Section 21 - Demurrage .............................................................................................................................. 31 Section 22 - Unknown Load or Discharge Location ................................................................................... 32 Section 23 - Security ................................................................................................................................... 33 Section 24 - Part Cargo .............................................................................................................................. 33 PART THREE (B) ........................................................................................................................................... 34 In Respect of Barge (FOB, CFR, CIF, and DAP) Deliveries for U.S. Domestic ...................................... 34 Section 25 - Applicability ............................................................................................................................ 34 Section 26 - Measurement and Sampling, Independent Inspection and Certification ............................... 34 Section 27 - Nominations in Respect of FOB Deliveries ........................................................................... 36 i Section 28 - Nominations in Respect of CFR and CIF Deliveries ............................................................. 37 Section 29 - Nominations in Respect of DAP Deliveries ........................................................................... 38 Section 30 - Laytime ................................................................................................................................... 38 Section 31 - Demurrage .............................................................................................................................. 39 Section 32 - Unknown Load or Discharge Location ................................................................................... 40 Section 33 - Security ................................................................................................................................... 41 Section 34 - Part Cargo .............................................................................................................................. 41 PART FOUR ................................................................................................................................................... 42 In Respect of Ex Tank, Into Tank, In Situ (Stock Transfer) and Free Into Pipeline (“FIP”) Deliveries 42 Section 35 - Delivery ................................................................................................................................... 42 Section 36 - Nominations ............................................................................................................................ 42 Section 37 - Measurement and Sampling; Independent Inspection ......................................................... 42 Section 38 - Risk and Title .......................................................................................................................... 44 PART FIVE ...................................................................................................................................................... 45 In Respect of Deliveries in Bulk to/by Road Tanker/Rail Tank Cars FCA, CPT, CIP, DAP and DDP 45 Section 39 - Nominations ............................................................................................................................ 45 Section 40 - Risk and Title .......................................................................................................................... 45 Section 41 - Acceptance of Road Tanker or Rail Tank Cars ..................................................................... 45 Section 42 - Insurance ................................................................................................................................ 46 Section 43 - Other Terms and Conditions Applicable to Delivery by Rail Tank Car .................................. 46 PART SIX ........................................................................................................................................................ 47 Applicable to each of Parts One, Two, Three, Four and Five .................................................................. 47 Section 44 - Definitions ............................................................................................................................... 47 Section 45 - Quality and Claims in Respect of Quality/Quantity ............................................................... 51 Section 46 - Health, Safety and Environment ............................................................................................ 53 Section 47 - Destination .............................................................................................................................. 54 Section 48 - VAT, GST, Mineral Oil Tax, U.S. Domestic Taxes, and Other Taxes, Duties, etc. ................ 55 Section 49 - Payment .................................................................................................................................. 59 Section 50 - New and Changed Regulations, etc. ..................................................................................... 65 Section 51 - Force Majeure ........................................................................................................................ 65 Section 52 - Limitation of Liabilities ............................................................................................................ 67 Section 53 - Termination or Suspension, etc. ............................................................................................ 68 Section 54