This document is freely available to all registered users of this site.
It is common practice for major international oil companies to produce their own in-house General Terms and Conditions (GTCs) for physical oil trading. These can vary considerably in their approach to key contract issues and cause significant difficulties when back-to-back contracts are involved between trading companies and other parties.
To address this, the EI has developed these model terms and conditions with the intent of providing a commonly known, commercially neutral set of contract terms which parties may use on a voluntary basis.
Sister documents are:
Organisations wishing to use these terms as part of their commercial contracts should apply to the Energy Institute for a licence which is available for a nominal fee.
Are you an EI Member? If yes, register/log in now to ensure you receive free access or discounts to EI publications. How to do this:
1. Sign up/register with this site.
2. Log in
3. Link your membership details to your profile, on your profile page.
If you are not a Member, why not join today and receive all of the benefits of EI Membership? EI Members are entitled to a 25% discount on most EI publications.