Common use of TIMELY INVOICE Clause in Contracts

TIMELY INVOICE. Failure to provide invoice at the time of delivery will create billing delays and accounting issues for Purchasers. (a) All invoices will list the type of fuel delivered. The type of fuel delivered is the actual final blends not the components of the blended fuel. For example, if purchaser request a blend of B10 a 90% volume of USLD and 10% volume of B99. The invoice will be listed as B10 and price at the contract rate. (b) All common blends (B5, ▇▇▇, ▇▇▇, R80/R20) will be priced at the rate listed in Exhibit B – Prices. For all other blends, prices would be based on ratio of blends using the rates in Exhibit B-Prices. For example, for the purchase of B15 the price would be 15% of B99 and 85% of USLD. (c) Prices of all fuels on each invoice will be based on the OPIS rates listed from the day before delivery. This pricing mechanism is intended to allow for invoices to be provided at the time of delivery. (d) Will Call deliveries must be accompanied with an invoice at the time of delivery. (e) Keep-Full invoices will be sent to Purchaser within eight (8) hours after delivery of fuel. This invoice will include a confirmation of the volume delivered with corroborating documents, such as a ▇▇▇▇ of landing, stick measuring, or tank monitoring readouts. (f) Contractor shall provide a corrected invoice available within two (2) business days from date of delivery, showing the correct/up-to-date amount.

TIMELY INVOICE. Failure to provide invoice at the time of delivery will create billing delays and accounting issues for Purchasers. (a) All invoices will list the type of fuel delivered. The type of fuel delivered is the actual final blends not the components of the blended fuel. For example, if purchaser request a blend of B10 a 90% volume of USLD and 10% volume of B99. The invoice will be listed as B10 and price at the contract rate. (b) All common blends (B5, ▇▇▇B10, ▇▇▇B20, R80/R20) will be priced at the rate listed in Exhibit B – Prices. For all other blends, prices would be based on ratio of blends using the rates in Exhibit B-Prices. For example, for the purchase of B15 the price would be 15% of B99 and 85% of USLD. (c) Prices of all fuels on each invoice will be based on the OPIS rates listed from the day before delivery. This pricing mechanism is intended to allow for invoices to be provided at the time of delivery. (d) Will Call deliveries must be accompanied with an invoice at the time of delivery. (e) Keep-Full invoices will be sent to Purchaser within eight (8) hours after delivery of fuel. This invoice will include a confirmation of the volume delivered with corroborating documents, such as a ▇▇▇▇ bill of landing, stick measuring, or tank monitoring readouts. (f) Contractor shall provide a corrected invoice available within two (2) business days from date of delivery, showing the correct/up-to-date amount.

TIMELY INVOICE. Failure to provide invoice at the time of delivery will create billing delays and accounting issues for Purchasers. (a) All invoices will list the type of fuel delivered. The type of fuel delivered is the actual final blends not the components of the blended fuel. For example, if purchaser request a blend of B10 a 90% volume of USLD and 10% volume of B99. The invoice will be listed as B10 and price at the contract rate. (b) All common blends (B5, ▇▇▇, ▇▇▇, R80/R20) will be priced at the rate listed in Exhibit B – Prices. For all other blends, prices would be based on ratio of blends using the rates in Exhibit B-Prices. For example, for the purchase of B15 the price would be 15% of B99 and 85% of USLD. (c) Prices of all fuels on each invoice will be based on the OPIS rates listed from the day before delivery. This pricing mechanism is intended to allow for invoices to be provided at the time of delivery. (d) Will Call deliveries must be accompanied with an invoice at the time of delivery. (e) Keep-Full invoices will be sent to Purchaser within eight (8) hours after delivery of fuel. This invoice will include a confirmation of the volume delivered with corroborating documents, such as a ▇▇▇▇ bill of landing, stick measuring, or tank monitoring readouts. (f) Contractor shall provide a corrected invoice available within two (2) business days from date of delivery, showing the correct/up-to-date amount.