TERMS & CONDITIONS

International Marine and Energy

MM Bunker – Terms & Conditions (GTC)

  1. Definitions
  • Seller: MM Bunker, including affiliates or designated physical suppliers.
  • Buyer: Any party requesting marine fuel supply, including owners, charterers, managers, or operators.
  • Vessel: The nominated ship/unit receiving the fuel.
  • Marine Fuels / Bunkers: MGO, VLSFO, HFO, lubricants, and related products.
  • BDN: Bunker Delivery Note confirming completed delivery.
  • COQ: Certificate of Quality for supplied fuel.
  • MSDS: Material Safety Data Sheet for each grade.
  • Delivery Window: The agreed time range for supply.
  • Force Majeure: Any event beyond Seller’s reasonable control.
  • GTC: These General Terms & Conditions.
  1. Scope

These GTC apply to all bunker quotations, confirmations, sales, and deliveries issued by Seller.
Any conflicting Buyer terms are invalid unless accepted in writing.

  1. Fuel Quality
  • All fuels comply with ISO 8217 & MARPOL Annex VI.
  • Minimum Flash Point: 60°C.
  • Buyer is responsible for selecting the correct grade.
  • MSDS is provided upon or before delivery.
  1. HSE & Compliance

Seller follows strict HSE procedures and a Zero Drug & Alcohol policy.
Buyer must ensure the Vessel complies with all safety and environmental rules.

  1. Delivery & Risk
  • Delivery is completed once fuel passes the Vessel’s manifold flange.
  • Any delays caused by the Vessel are at Buyer’s cost.
  • Seller may adjust delivery if operational constraints occur.
  1. Ownership

Title remains with Seller until full payment is received.

  1. Sampling & Measurement
  • MARPOL-compliant continuous drip sampling at the Vessel’s manifold.
  • Four sealed samples: Buyer, Seller, Lab, and Spare.
  • Seller’s retained sample is final in disputes.
  • Quantities measured by the supplying barge/facility are binding.
  1. Charges

Buyer bears port dues, overtime, waiting time, and any additional operational costs unless agreed otherwise.

  1. Payment
  • Payment due in USD or EGP within 7–21 Banking Days.
  • Late payment interest: 2% per month or LIBOR + 2% (whichever higher).
  • All bank charges are for Buyer’s account.
  1. Cancellation
  • Cancellation requires Seller’s approval.
  • Cancellation fee: Actual costs OR USD 5/MT, whichever is higher.
  1. Quantity Tolerance

Seller may deliver ±10% of the ordered volume. Buyer must accept and pay for delivered quantity.

  1. Default & Lien

If Buyer fails to pay, Seller may:

  • Suspend/terminate deliveries,
  • Apply maritime lien on the supplied Vessel,
  • Recover all legal costs.
  1. Liability

Seller’s liability shall not exceed the invoice value.
No liability for indirect or consequential losses (delay, loss of hire, etc.).

  1. Force Majeure

Seller is not responsible for delays caused by weather, war, strikes, port closures, breakdowns, or any events beyond control.

  1. Sanctions & Anti-Bribery

Buyer warrants full compliance with UN / US / EU / UK sanctions and anti-bribery laws.

  1. Governing Law

These GTC are governed by English Law.
Any dispute is resolved through LMAA Arbitration in London.

  1. Execution

These terms automatically apply to all supplies once communicated by Seller.