Understanding Our Contractual Terms
Welcome to the Terms of Agreement Contract page of Petrol Terminal Logistics. This document outlines the terms and conditions that govern the use of our services and facilities. By engaging with Petrol Terminal Logistics, you agree to comply with these terms, which are designed to ensure a transparent, fair, and secure relationship between our company and our valued clients. Please review the following terms carefully to understand your rights and responsibilities. If you have any questions or require further clarification, do not hesitate to contact us.
Legal Terms and Conditions
Procedures for establishing a contract agreement and leasing our tanks.
1. The CLIENT issues an LOI with contact information, company details, product name, and quantity for a tank storage agreement (TSA).
2. LESSOR will send over a lease agreement and applicable invoice, which show a commitment to pay within a stipulated time.
3. CLIENT to sign back the lease agreement and invoice, confirming his or her commitment to the transaction.
4. Then the CLIENT is to pay immediately, as per the signed lease agreement.
5. Once payment has been made, an official bank transfer slip or receipt is to be sent to the lessor by the CLIENT, confirming the same.
6. On receipt of payment to the lessor’s account within 36 business hours, a TSR will be provided to the CLIENT by the lessor after receiving the NOR from the seller or refinery and the injection schedule.
7. Lessor to open communication with the CLIENT’s supplier, refinery, or exporter and create an injection schedule.
8. Upon completion of the reception of the petroleum product (first spill), the number of days less the company paid will start counting as days used for processes.
9. LESSEE Company provides their inspection team with a dip test inspection confirmation for the quality and quantity of the petroleum product and lifts the petroleum product anytime during the validity of the days LESSEE Company paid for.