Ingeniero

EMPRESA COLOMBIANA DE PETROLEOS ECOPETROL INTERNATIONAL TRADE AND GAS VICEPRESIDENCY INTERNATIONAL TRADE

GENERAL CONDITIONS FOR F.O.B. SALES OF CRUDE OIL AND REFINED PRODUCTS

2002-01 EDITION

BOGOTA D.C., COLOMBIA Tel. (57-1) 234 4444, Fax. (57-1) 338 2583 / 234 4757 www.ecopetrol.gov.co

SECTION 1. SECTION 2. SECTION 3. SECTION 4. SECTION 5. SECTION 6. SECTION 7. SECTION 8. SECTION 9.SECTION 10. SECTION 11. SECTION 12. SECTION 13. SECTION 14. SECTION 15. SECTION 16. SECTION 17. SECTION 18. SECTION 19. SECTION 20. SECTION 21. SECTION 22. SECTION 23. SECTION 24. SECTION 25. SECTION 26. SECTION 27. SECTION 28. ANNEX A.

DEFINITIONS.------------------------------------------------------------------------------------------------------------1 ACCEPTANCE OF THE OFFER.--------------------------------------------------------------------------------3 QUANTITY AND QUALITY MEASUREMENT. -------------------------------------------------------------3 UNITARY PRICE AND TOTAL AMOUNT. -------------------------------------------------------------------5 LOADING PERIOD. ----------------------------------------------------------------------------------------------------5 VESSELNOMINATIONS. -------------------------------------------------------------------------------------------5 DOCUMENTATION INSTRUCTIONS. -------------------------------------------------------------------------6 NOTIFICATION OF THE ESTIMATED DATE AND TIME OF ARRIVAL (ETA).--------------6 NOTICE OF READINESS (NOR). --------------------------------------------------------------------------------7 SHIP MOORINGCONDITIONS.----------------------------------------------------------------------------------7 LAYTIME. ------------------------------------------------------------------------------------------------------------------9 ADJUSTMENT OF LOADING TIME. ---------------------------------------------------------------------------9 DEMURRAGE.---------------------------------------------------------------------------------------------------------10 RISK TRANSFER PROVISIONS. ------------------------------------------------------------------------------11 PAYMENT TERMS. --------------------------------------------------------------------------------------------------11 COSTS. -------------------------------------------------------------------------------------------------------------------12 FORCEMAJEURE. --------------------------------------------------------------------------------------------------12 SUPPLY SHORTAGES. -------------------------------------------------------------------------------------------13 BREACH.-----------------------------------------------------------------------------------------------------------------13INTERPRETATION.--------------------------------------------------------------------------------------------------13 APPLICABLE LAW. -------------------------------------------------------------------------------------------------13 ARBITRATION. --------------------------------------------------------------------------------------------------------14 DESTINATION.--------------------------------------------------------------------------------------------------------14 ASSIGNMENT.---------------------------------------------------------------------------------------------------------14 LIMITATION OF REMEDIES.------------------------------------------------------------------------------------14 INDEMNIFICATION. -------------------------------------------------------------------------------------------------15 NOTICE.------------------------------------------------------------------------------------------------------------------15 MISCELLANEOUS.--------------------------------------------------------------------------------------------------15

ECOPETROL's GENERAL CONDITIONS F O R F. O. B. S A L E S O F C R U D E O I L AND REFINED PRODUCTS

EMPRESA COLOMBIANA DE PETROLEOS, ECOPETROL SHALL CONDUCT ITS F.O.B SALES OF CRUDE OIL AND...