Queens, New York Memorandum of Gas Purchase Contract is a legal agreement between a gas supplier and a buyer in Queens, New York, outlining the terms and conditions for the purchase and sale of gas. This contract serves as a significant tool in facilitating the gas procurement process and ensuring a mutually beneficial relationship between the parties involved. The Queens, New York Memorandum of Gas Purchase Contract typically includes various relevant provisions and keywords such as: 1. Parties: The contract identifies the parties involved, including the gas supplier (seller) and the buyer. It outlines their legal names, addresses, and contact information. 2. Price and Quantity: The contract specifies the agreed price per unit of gas and the total quantity to be purchased within a specific time frame. It may also include provisions for adjusting the price based on market fluctuations or specific conditions. 3. Delivery and Acceptance: This section outlines the logistics of gas delivery, including the delivery point, mode of transportation, and schedule. It also outlines the buyer's inspection and acceptance process for the gas. 4. Quality Specifications: The contract defines the required quality and composition of the gas, such as calorific value, moisture content, impurity levels, and compliance standards with relevant regulations. 5. Payment Terms: This section elucidates the payment provisions, including the invoicing frequency, payment method, and the timeframe within which payment must be made. It may outline penalties or interest for late payments or non-compliance. 6. Force Mature: The contract usually includes a force majeure clause to address unforeseeable events or circumstances beyond the control of either party, such as natural disasters, government regulations, or labor strikes, which may affect the delivery or performance. 7. Term and Termination: The agreement specifies the duration of the contract. It may include provisions for contract renewal, termination conditions, and dispute resolution mechanisms. Different types of Queens, New York Memorandum of Gas Purchase Contracts can be categorized based on factors such as contract duration (short-term or long-term), gas source (domestic or international), or buyer's industry (commercial, industrial, residential). These variations allow for customization to meet specific requirements, ensuring that the contract fits the unique needs of the gas purchaser and supplier in Queens, New York.
Queens New York Memorandum of Gas Purchase Contract
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Help What is the agreement of purchase and sale? In Ontario, the realtor will usually provide you with a standard Ontario Real Estate Association (OREA) form 100 to fill out and send to the seller's. This offer to purchase, once signed by all parties, becomes your Agreement of Purchase and Sale.
There are two fundamental ways to price natural gas: (1) fixed price or (2) index priced. If you have a fixed price, then the contract should specify a price in million British thermal units (MMBtu) also referred to as Dekath- erms (DTH) or Therms.
A natural gas futures contract is a firm commitments to make or accept delivery of a specific quantity and quality of a natural gas during a specific month in the future at a price agreed upon at the time the commitment is made.
Shortfall Gas is any quantity of Natural Gas not made available by SELLER at Delivery Point in respect of any Day of Delivery Period for reasons other than Force Majeure.
Buying wholesale fuel on contract Wholesale contracts are agreements between a wholesaler and a purchaser concerning the purchase of fuel. This contract guarantees the purchaser will have a steady supply and it sets the price to be paid. Term length of fuel contracts can vary a great deal.
Fuel Supply Agreement (FSA) . means the agreement or agreements to be entered into by and between the Fuel Supplier and the Company for the supply of liquid fuel to the Facility.
These agreements or ventures arise from situations in which two or more parties pool their divided or undivided interests to share the costs and risks of either exploration or development or both.
The wholesale provider agrees to provide you with fuel at a specified volume and price. A typical fuel contract determines a set price per gallon for the amount of time agreed upon by both parties. Fuel prices may fluctuate during that time, but the price you pay stays the same due to the fuel contract in place.
Keep Whole Contract means any contract which requires Borrower to replace the energy content for natural gas liquids extracted from gas received by Borrower from producers with natural gas."
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