Statoil ASA General Terms and Conditions for Sales, 2011 Version, for Crude Oil, Condensate and Petroleum Products, including Liquefied Petroleum Gas (GT&Cs) consititute the second part of a sales contract and the Special Conditions (as defined in the GT&Cs) negotiated and agreed between a buyer and a seller form the first part of such agreements.

 

The GT&Cs 2011 Version are applicable for all forms of deliveries, excluding only Barge and Bunker deliveries, and will be valid and in effect for sale transactions concluded from 9 May 2011 between Statoil ASA and its counterparties, replacing the following general conditions of sale:

 

Den norske stats oljeselskap a.s. – Conditions of Sale Applicable to Petroleum Product Sales CIF

 

Den norske stats oljeselskap a.s. – Conditions of Sale Applicable to Petroleum product Sales DES (Delivery Ex Ship)

Den norske stats oljeselskap a.s. – Conditions of Sale Applicable to Petroleum Product Sales FOB 

For bunker deliveries, Statoil ASA Conditions of Sale – Applicable to Marine Fuels Sales remain valid and in effect.

For Barge deliveries, Statoil ASA Conditions of Sale Applicable to FOB Barge remain valid and in effect.