THIS COURSE THE OBJECTIVE OF WHICH IS TO MAKE A PRESENTATION ON THE VARIOUS TYPES OF PETROLEUM CONTRACTS :- ON THE ONE HAND BETWEEN THE PRODUCING COUNTRIES AND INTERNATIONAL OIL COMPANIES OR THEIR DIRECT CLIENTS.- ON THE OTHER HAND BETWEEN INTERNATIONAL OIL COMPANIES FOR THE SHARES THAT THEY CONTROL OR RECEIVE DIRECTLY OR INDIRECTLY WITH THEIR OWN CLENTS WITHIN THEIR OWN ORGANISATION OR WITH THIRD PARTY CLIENTS AND EXTERNAL TO THEIR ORGANISATION

A PRESENTATION ON VARIOUS TYPE CONTRACTS WILL BE DONE, AND THE VARIOUS CLAUSES OF THESE CONTRACTS WILL BE SHOWN, WITH SPECIAL EMPHASIS ON PARTICULAR OR SPECIFIC CLAUSES FOR THESE CONTRACTS AS WELL AS SOME OTHER VARIOUS CLAUSES WHICH CAN VARY ACCORDING TO CIRCUMSTANCES.

A PRESENTATION WILL BE DONE ON THE VARIOUS CRUDE OIL QUALITIES (HEAVY, MIDDLE OR LIGHT) WITH THEIR RESPECTIVE ADVANTAGES AND DRAWBACKS ACCORDING TO WHAT THEY ARE USED FOR AND PARTICULARLY THE REQUIREMENTS IN PETROLEUM PRODUCTS WHICH MAY BE REQUIRED: A QUICK PRESENTATION WILL THEN BE DONE IN ORDER TO SHOW THE VARIATIONS OF THE MARKET WITH FOR EXAMPLE THE MARKETS IN NORTH AMERICA, IN EUROPE OR IN AFRICA.

THE ASPECTS OF PRICE VERSUS QUALITY WILL BE TOUCHED ON WITH THE DIFFERENT SYSTEMS OF ESCALATION AND INDEXATION.

THE VARIOUS SALES TYPES, SUCH AS FOB, C$F OR CIF TYPE WILL BE SHOWN AND THEIR RESPECTIVE ADVANTAGES AND DRAWBACKS WILL BE CLARIFIED

THE PROCESSING AGREEMENTS (CRUDE OIL REFINING AGAINST TOTAL OR PARTIAL DELIVERY IN OIL PRODUCTS AGAINST A FEE) WILL ALSO BE PRESENTED