CFR FAR EAST OPEN SPECIFICATION FORM NAPHTHA AGREEMENT 2012 EDITIONNaphtha Agreement • October 29th, 2012
CLAUSE 1 SELLER AND BUYER 7 CLAUSE 2 PRODUCT SPECIFICATION AND ORIGIN 7 2.1 (A) Product specification 7 2.1 (B) Excepted Products specification 7 2.1 (C) Product information requirements 7 2.2 Product loaded from an independent commercial tank storage facility 8 2.3 Product from new refineries 8 2.4 Transhipped product 8 2.5 Excluded product 9 CLAUSE 3 QUANTITY AND QUANTITY ADJUSTMENTS 9 3.1 Quantity of the product 9 3.2 Quantity adjustments 9 CLAUSE 4 PRICE 9 CLAUSE 5 DELIVERY 9 5.1 The place of delivery 9 5.2 The delivery period 9 5.3 The terms of delivery - Cost and Freight (CFR) 9 5.4 Multiple port/berth delivery option 10 5.5 Delivery outside Japan or South Korea 10 5.6 Option to change the delivery period 10 5.7 Absence of buyer’s voyage and discharge instructions and nomination of port 10 5.8 The International Ship and Port Facility Security Code (ISPS) 10 CLAUSE 6 VESSEL 10 6.1 Vessel regulations 10 6.2 Remeasurement of the v
