TERMS & CONDITIONS
International Marine and Energy
- 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.
- 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.
- 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.
- 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.
- 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.
- Ownership
Title remains with Seller until full payment is received.
- 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.
- Charges
Buyer bears port dues, overtime, waiting time, and any additional operational costs unless agreed otherwise.
- 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.
- Cancellation
- Cancellation requires Seller’s approval.
- Cancellation fee: Actual costs OR USD 5/MT, whichever is higher.
- Quantity Tolerance
Seller may deliver ±10% of the ordered volume. Buyer must accept and pay for delivered quantity.
- Default & Lien
If Buyer fails to pay, Seller may:
- Suspend/terminate deliveries,
- Apply maritime lien on the supplied Vessel,
- Recover all legal costs.
- Liability
Seller’s liability shall not exceed the invoice value.
No liability for indirect or consequential losses (delay, loss of hire, etc.).
- Force Majeure
Seller is not responsible for delays caused by weather, war, strikes, port closures, breakdowns, or any events beyond control.
- Sanctions & Anti-Bribery
Buyer warrants full compliance with UN / US / EU / UK sanctions and anti-bribery laws.
- Governing Law
These GTC are governed by English Law.
Any dispute is resolved through LMAA Arbitration in London.
- Execution
These terms automatically apply to all supplies once communicated by Seller.
