Common use of LOADING CONDITIONS Clause in Contracts

LOADING CONDITIONS. BUYER undertakes to purchase, receive and load the Crude when the following guaranteed quality specifications are fulfilled: Degrees API [Min. 27 – Max 30]; Sulfur Content [Min. 0.416 – Max. 0.55] % Wt; Viscosity @ 50 F [Min. 6.76 – Max 11.97]; BSW [Min. 0.2 – Max 0.5] % vol. BUYER expressly declares that it is aware of the quality of the Crude being purchased and / or negotiated and thus accepts to hold SELLER harmless from any liability derived from the physical – chemical conditions of the Crude.

Appears in 2 contracts

Sources: Crude Oil Sales/Purchase Agreement (Gran Tierra Energy Inc.), Crude Oil Sales/Purchase Agreement (Gran Tierra Energy Inc.)