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Tank storage agreement sample 2026

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The document is a Crude Oil Storage Tank Lease Agreement between Petroleum & Energy Infrastructures Ltd (PEI) and a client, outlining the terms for leasing storage tanks at PEI's Ashkelon South terminal for crude oil storage. It details the responsibilities of both parties, including operational requirements, payment terms, insurance obligations, and conditions for the storage period. The agreement emphasizes that the client cannot sub-lease the tanks and must adhere to specific quality standards for the crude oil stored. Additionally, it includes provisions for handling losses, liability limitations, and confidentiality.

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Click ‘Get Form’ to open the tank storage agreement sample in the editor.
Begin by filling in the Effective Date at the top of the form. This is crucial as it marks the start of your agreement.
In Section 1, provide details about both parties involved: Petroleum & Energy Infrastructures Ltd and the Client's name and incorporation details.
Proceed to Appendix A, where you will specify the number of leased storage tanks and their description. Ensure accuracy here for operational clarity.
Fill out the Storage Period section with commencement and termination dates, ensuring they align with your operational needs.
Review Sections on Operational Requirements and Payment terms carefully. Input any additional fees applicable for Non-Qualified Crude Oil if necessary.
Finally, ensure all signatures are collected electronically within our platform to finalize your agreement seamlessly.

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