Gasoline & Diesel Fuel Sales Contract Template

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GASOLINE & DIESEL FUEL SALES CONTRACT
Purchase and Sale. Dearybury Oil & Gas. (“Seller”) has agreed to sell and deliver, and
_______________________________________ (“Customer”) has
agreed to purchase and receive, the product(s) identified below (“Product”) in the quantity and at
the terms and priced specified below during the period
______________________ through ____________________ (the “Initial Delivery Period”).
QUANTITY
_________________________ GALLONS
PRODUCT
CONTRACT TERMS
_____ COST PER GALLON
WHEREAS, (i) Seller is a supplier of refined fuels to refined fuels end users, (ii) Customer
desires to purchase refined fuels from Seller, and (iii) Seller desires to sell refined fuels to
Customer;
NOW, THEREFORE, in consideration of the foregoing, and all of the promises and agreements
set forth herein, which the parties hereto each acknowledge are adequate and sufficient, Seller
and Customer do hereby agree:
1. Basic Terms. Seller hereby agrees to sell and deliver, and Customer hereby agrees to buy and
receive, the refined fuels product identified above and incorporated herein (the “Product”) in the
quantity, at the price and during the timeframe specified above.
2. Taxes. Customer agrees that any and all taxes, duties, fees, surcharges and/or other similar
charges, now or hereafter imposed by any federal, state and/or local governmental unit upon,
measured by, or incident to, the sale
and/or transfer of the Product that is sold by Seller to Customer hereunder (“Taxes”), shall be the
sole liability and responsibility of Customer, and in the event that Seller is ever obligated to pay
any such Taxes, Customer shall promptly reimburse Seller for all such Taxes paid by Seller.
3. Payment. In its sole discretion, Seller may decide to extend a line of credit to Customer on
such terms as Seller may specify, from time to time. Seller specifically reserves the right to
modify or withdraw such line of credit, at any time, for any or no reason, upon notice to
Customer. Unless Seller has extended a credit line to Customer, Customer shall pay, at Seller’s
sole option, cash in advance or cash at time of delivery. Seller shall deliver to Customer invoices
for the Product sold and delivered pursuant to this Agreement, and provided that Seller has
extended a line of credit to Customer, such invoices shall be due for payment according to terms
established for Customer as
indicated on each invoice, and as provided in Seller’s credit policy (as revised or amended during
the term of this Agreement). Any amounts on such invoices that are not paid in accordance with
such remittance terms will be considered
overdue, and finance charges will be assessed on such overdue amounts at the lesser of: (i) one
and one-half percent (1 1/2 %) per month; the percentage rate set forth in the finance charge
policies of Seller in effect on the date of delivery; or the maximum amount that is allowed by
applicable law. EXECUTION OF THIS AGREEMENT BY SELLER SHALL NOT
CONSTITUTE APPROVAL OF A LINE OF CREDIT FOR CUSTOMER.

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