Fuel Throughput Agreement
14.2 Loss management method. Notwithstanding the contrary provisions, the customer must evaporate, shrink, staple, discolor, contaminate, damage or destroy, as well as any other loss or damage caused to the products treated there, up to half a percent (0.005%) absorb. percentage of monthly throughput per product per terminal, and Lightfoot is responsible for any losses that go beyond that. Lightfoot is not responsible for the product received, stored or delivered in the tanks, unless b) available capacity. Storage capacity available in purchased terminals, which does not have the reserve amount and is not otherwise used or reserved by another customer, is made available to the customer („available capacity”). The customer can request the use of available capacity at the purchased terminals and Lightfoot will consider these requests as long as Lightfoot deems it possible. Lightfoot is not required to comply with such a request which, according to Lightfoot`s judgment, could lead to Lightfoot`s revenues that would not constitute qualifying income under Section 7704 of the Internal Revenue Code, which could affect Lightfoot`s ability to enter into a listing agreement with a National Securities Exchange. , or could lead to one or all of Lightfoot`s holdings in a national stock exchange. in which Von Lightfoot`s interest participates, on which Lightfoot`s interest in the National Securities Exchange is listed or admitted to trading or, at Lightfoot`s reasonable discretion, lightfoot may cause trouble or violate an obligation to another customer. The term „National Securities Exchange” refers to an exchange registered with the Commission pursuant to Section 6 (a) of the Securities Exchange Act, as amended, completed or reproduced from time to time, as well as a possible successor to this statute. The oil and gas industry mainly uses flow contracts, although there are periods when flows are used between manufacturers and materials suppliers. In both cases, debits are specialized agreements that define a product or service, use and service life. For example, an oil company could operate an oil pipeline for one year by entering into flow contact with the pipe carrier.
A debit contract is a type of contract used primarily in the oil and gas industry. Although a number of large producers and suppliers of oil and gas dominate the oil and gas industry, some began as small businesses. Debit contracts provide some of the „guarantees” or guarantees needed to finance projects. Debit contracts allow small businesses to make great strides in the oil and gas industry. 8.2 Improvements. If, during the duration of this contract, a government authority is required to require the installation or modification of facilities or devices on an acquired terminal or modifications to Lightfoot`s normal operations in relation to the storage and handling of the customer`s products, Lightfoot must inform the customer of the necessity and cost of installing devices or devices or changes to operating procedures. , and Lightfoot and the customer cooperate to provide such a facility or device facility, or to make the necessary modifications to Lightfoot`s operations and adjust compensation under this agreement to reflect on a pro-rata basis the additional costs associated with lightfoot`s compliance on the basis of the customer`s and other customers` throughput volume.