CRUDE OIL SALES AGREEMENT OF SAUDI ARAB TABLE OF CONTENTS 1. Parties: 当事人：2. Term of Agreement 合同条款3. Grade, Quantity and Quality: 数量和质量等级4. Price: 价格5. Payment: 支付条款；6. Delivery: 货物交付7. Title and Risk of Loss: 所有权风险损失：8. Destination: 目的港9. Termination for Cause: 终止条款：10. Disputes: 争议11. Other Terms: 其他条款This is to confirm the Agreement between us as follow: 1. Parties: SELLER- SAUDI ARABIAN OIL COMPANY, A COMPANY WITH LIMITED LIABILITY ORGANIZED UNDER THE LAWS OF THE KINGDOM OF SAUDI ARABIA BUYER- A COMPANY INCORPORATED UNDER THE LAWS OF 2. Term of Agreement This Agreement shall be effective as of and shall continue tin effect through and including with automatic one-year extensions thereafter unless terminated at the option of either party,other than for cause, upon at least sixty(60)days written notice prior to the expiration of the original term or,if applicable, any subsequent anniversary date. ３.Grade, Quantity and Quality: 3.1 Subject to availability and the production policies determined by the Government of the Kingdom of Saudi Arabia,SELLER shall deliver and sell to BUYER and BUYER shall lift or receive and buy from SELLER a total of ｛insert quantity in numbers and words｝Barrels per day of Arabian Light crude oil, minus up to ten percent(10%)if BUYER s or SEELERs option,or plus up to ten percent (10%)if BUYER so requests and SELLER agrees. Additional volumes of crude oil of similar or different grades may be delivered under this agreement as the parties may from time to time agree. The availability of each grade of crude oil specified in Paragraph 3.1 will be advised by SELLER from time to time in accordance with the production policies of ...
