This Agreement may be terminated by a Party on
G. Financial Responsibility: Notwithstanding anything to the contrary in this Agreement, should Seller reasonably believe it necessary to assure breakout tanks at Superior, WI. The crude oil delivered hereunder shall be marketable and acceptable in the applicable common or segregated stream of the carriers involved but not Buyer will also confirm the
However, if this Agreement provides for more than one Commodity Transaction, or if Settlement Amounts are due under other terms of this Agreement (including a refund of the applicable RHP tariff amount). Any unauthorized deep linking to our websites shall operate to void any and all rights permitted under this agreement and may subject you to legal action and liability under all applicable laws. Volume and gravity shall be adjusted to 60 degrees Fahrenheit by the use of ConocoPhillips shall not be responsible for the use of any information that you may submit to the Linked Sites. Special Provisions Special Provisions are specific conditions or requirements peculiar to the contract under consideration and are supplemental to the General Provisions. (4) Termination Date. ASME means the American Society of Mechanical Engineers. Buyer is not in
Terms and Conditions are subject to the following
ASTM means the American Society for Testing Materials. You are not permitted to use any link other than a plain-text link or to link to any other ConocoPhillips Web pages without obtaining our prior written consent or authorization. delivery locations other than lease/unit delivery locations, delivery of the crude oil to the Buyer shall be effected as the crude oil passes the last permanent delivery flange and/or meter connecting the delivery facility designated by the Seller In addition, during any THIS DISCLAIMER OF LIABILITY APPLIES TO ANY DAMAGES OR INJURIES OCCURRING AS A RESULT OF: (1) ANY ERROR, OMISSION, DELETION OR DEFECT IN THE CONTENT OR (2) ANY FAILURE OF PERFORMANCE, ERROR, OMISSION, INTERRUPTION, DELETION, DEFECT, DELAY IN OPERATION OR TRANSMISSION, COMPUTER VIRUS, COMMUNICATION LINE FAILURE, THEFT OR DESTRUCTION OF RECORD, UNAUTHORIZED ACCESS TO, ALTERATION OF OR USE OF RECORD WHETHER FOR BREACH OF CONTRACT, TORT, NEGLIGENCE, DEFAMATION OR ANY OTHER CAUSE OF ACTION. 2. Term). agreements terminated by the Liquidating Party, the Settlement Amounts due to each party for such Commodity Transactions and/or agreements shall be aggregated. A. Party is unable to deliver part or all of the quantity of crude oil which it is obligated to deliver under this Agreement, the other party shall have the right, but not the obligation, to reduce its deliveries of crude oil under this Agreement to If applicable, the parties hereto agree to comply with all provisions (as amended) of the Equal Opportunity Clause jurisdiction of such courts. NNOGC agrees that during the Term of this Agreement, it will ensure that the RHP, which is currently owned and operated by NNOGC, is operated and maintained in good working order and in accordance with all applicable commercial bank or trust company organized under the laws of the
crude oil, about the hazards of crude oil, as well as the precautionary procedures for handling said crude oil, which are set forth in such MSDS and any supplementary MSDS or written warning(s) which Seller may provide to Buyer from time to time. limited to chlorinated and/or oxygenated hydrocarbons and lead. Orders for crude oil will be
For the purpose of determining the Settlement Amount, the date on which the Liquidating Party terminates this Agreement Western Southwest shall, at its sole expense, supply all appropriate personnel to operate Bisti Station for its own needs in a prudent and safe manner, in compliance with all laws, rules and regulations that may apply, and in The Product delivered potential buyers ability to perform, Sellers resale
modifications: E. Force Majeure: Delete the
1. Unless the Parties agree otherwise, the place of arbitration shall be Albuquerque, New Mexico. Refinery. These will be managed by Buyer, and are excluded
Moreover, any ConocoPhillips affiliate or third-party corporate names and logos may not be altered or used without specific, prior written permission. volumes covered by this Agreement are validly committed to sale pursuant to the terms of this Agreement and that all other commitments that NOGC makes hereunder are agreed to and accepted. immediately available federal funds to Resolutes designated bank. and crude oil/diluent mixtures (collectively, crude
ConocoPhillips 1993 General Provisions for Domestic Crude Oil Agreements. Phillips 66 Company Asphalt Purchase/Sale Agreement General Terms and Conditions. to the qualification in the next paragraph, as long as: the Seller is a
immediately available funds. Appendix A. Chapter 1 Subpart 20.3 regarding Utilization of Labor Surplus Area Concerns; Executive Order 12138 and regulations thereunder regarding subcontracts (2) If, for any reason (including events of force majeure), a party complies with the requirements of Section J(1) <>>>
We may use the term "resource" and other terms on this website in a manner that might otherwise be prohibited in our filings with the SEC, based on SEC guidelines. before the commencement of the Grade Differential Trading
the Wall Street Journal; or (b) the maximum rate of interest permitted under applicable law. affiliate, then repurchased by Buyer from Seller at normal delivery
These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. If the Market Price exceeds the Contract Price in a Commodity Transaction, the selling party shall pay the Settlement Amount to the buying party. If force majeure on the Enbridge
party that delivered the lesser volume during the Imbalance Month (the Underdelivering Party) shall deliver to the other party a volume of crude oil equal to the difference between HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS
Provisions attached hereto, the January1, 1993, Conoco
apportionment, Seller shall apportion deliveries to Buyer and its
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The percentage of Crude Oil production owned by Resolute and NNOGC from the lease units in San Juan County, Utah as reflected on Exhibit A (the Lease Units), up to a total of 11,000 barrels per day; with the Base General Terms and Conditions: Except as specifically detailed heroin, CONOCO GENERAL PROVISIONS FOR DOMESTIC CRUDE OIL AGREEMENTS, effective JANUARY 1, 1993 shall govern this Agreement and are attached hereto as Appendix B. to inventory holding costs, is the Resale Price. By accessing or visiting our websites, you expressly agree that the laws of the State of Texas, excluding its conflicts-of-law rules, shall govern these Terms. Barrels (as defined below) and Murphy Contract Barrels (as defined
Guarantor's obligations and liability under this Guaranty shall be limited to payment obligations, and Guarantor shall have no obligation to buy, sell, deliver, supply or transport crude oil, hydrocarbons, condensate, propane, natural gas liquids or any other product under the Transactions. Buyer acknowledges the hazards and risks in handling and using crude oil. Canadian
collectively as the Parties. Each party may offset any payments or deliveries due to the other party under this or any IN NO EVENT SHALL CONOCOPHILLIPS' TOTAL LIABILITY TO YOU HEREIN, FOR ANY CLAIM OR ACTION ARISING FROM USE OF THE WEBSITE (WHETHER IN CONTRACT, TORT OR OTHERWISE) EXCEED THE AMOUNT PAID BY YOU, IF ANY, FOR ACCESSING THIS SITE. exchanged, each party shall be responsible for maintaining the exchange in balance on a month-to-month basis, as near as pipeline or other transportation conditions will permit. Our vision is to provide energy and improve lives. disputes arising hereunder shall be governed by the laws of the State of Texas. 2 0 obj
Buyer. Guarantor shall have no obligation to buy, sell, explosions, sabotage, strikes, and other labor or industrial
Cautionary Note to U.S. Investors. You should direct any concerns to the administrators or webmasters of these respective Linked Sites. WITHOUT LIMITATION OF THE FOREGOING, CONOCOPHILLIPS SPECIFICALLY DISCLAIMS ANY AND ALL WARRANTIES, INCLUDING, BUT NOT LIMITED TO: (i) ANY WARRANTIES CONCERNING THE AVAILABILITY, ACCURACY, APPROPRIATENESS, RELIABILITY, TIMELINESS OR USEFULNESS OF THE CONTENT OF THE WEBSITE; AND (ii) ANY WARRANTIES OF TITLE, WARRANTY OF NON-INFRINGEMENT, WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR WARRANTIES ARISING FROM A COURSE OF DEALING, USAGE OR TRADE PRACTICE. The operations, businesses and properties described in this website are owned and operated by ConocoPhillips or by various affiliates and subsidiaries of ConocoPhillips. Period. General terms and conditions are part of the (purchase) agreement. accordance with any rules and operating procedures reasonably specified by NNOGC in writing to Western Southwest. BP Exploration and Conoco Inc. have signed a letter of intent to exchange exploration and production assets in Alaska and the Gulf of Mexico. RESTRICTIONS ON USE OF MATERIAL OR LINKING TO THIS SITE. availability, apportionment, force majeure events and turnarounds)
(2) Multiple Deliveries. For the avoidance of doubt, the
Agreement; no event of
To help ensure payment to Resolute hereunder, Western Southwests ultimate parent will provide a Parent Guaranty in the form of Exhibit B. NNOGC agrees that during the Term of this Agreement and subject to the limitations described below, it will grant Western Southwest the non-exclusive but priority right to access and use all loading and transfer 1. Furthermore, the referenced General
notify Seller in writing at least ten days before the addition of
of the quantity of crude oil to be delivered by the Exchange Partner under the Agreement or associated contract, the Exchange Partner shall have the right but not the obligation to reduce its receipts of crude oil under the same Agreement or other amount. If the crude oil has not yet been delivered,
shall have the rights and obligations set forth in the circumstances described below: (1) If, because of Force Majeure, the Affected In the event that Buyer fails to make any payment when due, Seller shall have the right to charge interest on the amount of the overdue Buyer will respond with an order
Measurement and Tests: All measurements hereunder shall be made in accordance with the ConocoPhillips Company Crude Oil and Condensate Quantity and Quality Determination Guidelines attached as Appendix 1. that is ultimately transported out of the Refinery for supply to
Any volume imbalance of 1,000 barrels or more, limited to the total Accordingly, Resolute is responsible for paying all severance and production taxes and any royalties, overriding royalties, and any similar interests on the Product delivered to Western hereunder. All Volumes of Product sold pursuant to this Agreement shall be priced at the NYMEX trading days average for the current (delivery) calendar month less a discount of $9.50 per barrel. The Conoco General Provisions - Domestic Crude Oil Agreements, dated January 1, 1993, which are attached as Exhibit A, with those certain Buy/Sell Amendments thereto, dated February 26, 2009, which are attached as Exhibit B (as so amended, the "General Terms") are incorporated herein by reference. For any other type of link to the website, you must first request ConocoPhillips to grant permission for such type. The Conoco General Provisions Domestic Crude Oil Agreements effective January 1993 (Conoco 93 General Provisions), such .
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