Published on 17 Jun 2021

The Promercium standard terms and conditions for sales and purchases of crude oil and petroleum products are neutral terms on which Promercium buys and sells. The standard terms consist of (i) the BP Oil International Limited General Terms and Conditions for Sales and Purchases of Crude Oil and Petroleum Products 2015 and (ii) accompanying 2019 Trafigura amendments to BP General Terms and Conditions for sales and purchases of crude oil and petroleum products, 2015 edition, and are incorporated into all contracts for the sale and purchase of crude oil and petroleum products entered into by Promercium Ltd.