This bitumen contract sample is designed for international buyers and sellers who trade penetration grade bitumen such as bitumen 60/70, bitumen 80/100, and bitumen 85/100. It outlines the commercial terms, quality specifications, pricing, delivery, inspection, and arbitration clauses required for safe and transparent export agreements.
ARTICLE 1: Object & Definition
This contract defines the following terms used in international bitumen trade:
- USD Currency: United States Dollar, freely transferable
- Metric Ton: 1,000 Kilograms
- TT: Telegraphic Transfer
- FOB: Free on Board
- CIF: Cost, Insurance & Freight
- Commodity: The bitumen cargo being traded
ARTICLE 2: Commodity
Name: Bitumen 60/70
Origin Country: Iran
Refinery: Petroleum Bitumen
Contract Type: Spot (One Part)
ARTICLE 3: Product Specifications
| Specification | 60/70 | Test Method |
|---|---|---|
| Specific Gravity @ 25°C | 1.01–1.06 | ASTM D-70 |
| Penetration @ 25°C | 60–70 | ASTM D-5 |
| Softening Point | 49–56°C | ASTM D-36 |
| Ductility @ 25°C | 100 min | ASTM D-113 |
| Loss on Heating (Wt%) | 0.2 max | ASTM D-6 |
| Penetration after Heating | 80% min | ASTM D-5 |
| Flash Point COC | 250°C min | ASTM D-92 |
| Solubility in TCE | 99.5% min | ASTM D-4 |
ARTICLE 4: Quantity & Price
Quantity: … MT ±5%
Unit Price: USD … per MT FOB Bandar Abbas
Prices are spot-based and valid per current exchange rate.
ARTICLE 5: Delivery
Loading Port: Bandar Abbas, Iran
Partial Shipments: Allowed
Delivery: Within 14 days from advance payment
ARTICLE 6: Payment Terms
30% advance payment via TT.
Balance upon shipping documents including:
Quality & Quantity Certificate, Commercial Invoice, Bill of Lading, and Certificate of Origin
ARTICLE 7–27: Further Clauses
The contract includes additional clauses covering:
- Banking Information
- Shipment & Drum Packing Specifications
- Drum Markings & Inspection Protocols
- Governing Law (UAE & Iran), Insurance, and Arbitration in Singapore
- Title and Risk Transfer, Tax Responsibilities
- Force Majeure, Late Delivery Penalty, and Performance Guarantee
- Contract Signatures, Modifications, and Confidentiality Terms
Conclusion
This bitumen contract sample offers a comprehensive legal framework for safe and transparent export of petroleum bitumen grades such as bitumen 60/70, bitumen 80/100, and bitumen 85/100. Contact our sales team for editable versions or assistance in customizing a contract for your shipment.