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THROUGHPUT AGREEMENT entered into between Registration No. and BP SOUTHERN AFRICA (PROPRIETARY) LIMITED Registration No. 1924/002602/07DRAFT2TABLE OF CONTENTSClause number and descriptionPage1.INTERPRETATION.................................................................................................................................

How to fill out throughput agreement

How to fill out a throughput agreement:

1. Begin by gathering all the necessary information, such as the names and contact details of the parties involved, including the provider and the recipient of the facilitation services.
2. Clearly define the scope of the agreement, indicating the specific services or goods to be provided by the provider and the responsibilities of the recipient.
3. Specify the duration of the agreement, including the start and end dates, and any renewal or termination clauses if applicable.
4. Outline the financial aspects of the agreement, including any fees or payments that will be exchanged between the parties, as well as the agreed-upon method and frequency of payment.
5. Address any specific terms and conditions that both parties need to comply with, such as confidentiality agreements or intellectual property rights.
6. Clearly state the performance expectations and benchmarks that the provider must meet, including any quality standards or service level agreements.
7. Include any additional provisions or clauses that are relevant to the specific industry or nature of the agreement, such as indemnification clauses or dispute resolution mechanisms.

Who needs a throughput agreement:

1. Businesses that rely on the services or facilities provided by another entity may need a throughput agreement to ensure a clear understanding of the terms and conditions.
2. Manufacturers or distributors who utilize third-party logistics providers or warehouses may need a throughput agreement to outline the terms of handling and storage of their goods.
3. Service providers in industries such as telecommunications or energy may need a throughput agreement to define the terms of access to infrastructure facilities.

In conclusion, filling out a throughput agreement involves gathering information, defining scope, specifying duration and financial details, addressing terms and conditions, specifying performance expectations, and including any additional provisions. The agreement may be needed by businesses relying on services or facilities, manufacturers or distributors using third-party providers, or service providers in specific industries.

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What is throughput agreement?

Throughput agreement is a contract between a shipper and a pipeline company specifying transportation terms and conditions for the movement of goods through the pipeline.

Who is required to file throughput agreement?

Both the shipper and the pipeline company are required to file the throughput agreement.

How to fill out throughput agreement?

The throughput agreement can be filled out by providing detailed information about the shipment volume, duration of the agreement, pricing terms, and any other relevant details.

What is the purpose of throughput agreement?

The purpose of throughput agreement is to establish a legal framework for the transportation of goods through the pipeline, ensuring clarity and accountability for both parties.

What information must be reported on throughput agreement?

The throughput agreement must include details such as the quantity of goods to be transported, the duration of the agreement, pricing terms, and any special conditions.