Parties and Definitions
Full legal names, business type, and clear definitions for terms like 'product', 'tank', 'deliveries', and 'inventory' to avoid ambiguity.
A well-drafted Fuel Storage Agreement reduces operational disputes, clarifies risk allocation, and documents regulatory and insurance obligations to protect both owner and user.
Use this agreement when a party needs contractual certainty on access, measurement, liability, and compliance for stored fuel.
Full legal names, business type, and clear definitions for terms like 'product', 'tank', 'deliveries', and 'inventory' to avoid ambiguity.
Specify capacity reserved, accepted fuel types, maximum and minimum inventory levels, and duration of storage with renewal mechanics.
Define inventory measurement method (gauge, meter, or custody transfer), reconciliation process, and dispute resolution for quantity discrepancies.
State storage fees, billing frequency, late payment penalties, demurrage, and responsibility for taxes or levies related to stored fuel.
Specify required insurance limits, who carries coverage, indemnities for spills or contamination, and limits on consequential damages.
Allocate responsibilities for compliance with EPA/state tank rules, SPCC plans, remediation costs, and notification duties for releases.
| Field | Configuration |
|---|---|
| Template | Create reusable fuel storage template with locked clauses |
| Signer Order | Specify sequence or parallel signing as required |
| Authentication | Use email, SMS OTP, or KBA for signer verification |
| Audit Trail | Enable detailed logging of IP, timestamps, and actions |
Verify platform capabilities for any industry-specific controls (HIPAA BAA, 21 CFR Part 11) and long-term exportability before finalizing workflows.
Date parties sign; starts obligations and insurance
Matches policy declarations; ensure overlap with storage term
Agreed notice periods for deliveries and removals
Termination or cure periods specified in contract
Regulatory deadlines for spill reporting and cleanup
Legal and operations review for risk and compliance.
Resolve pricing, capacity, and liability allocation.
Signatures obtained and insurance certificates exchanged.
Monitoring, periodic inspections, and reporting.
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial | Varies by plan | Varies by plan | Varies by plan | Varies by plan |
| Bulk Send | Yes | Yes | Yes | Yes | No or limited |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |
| Envelope Cap | No cap | 100 envelopes/user/year | Varies by plan | Varies by plan | Varies by plan |
A municipal fleet enters a one-year storage agreement for diesel deliveries
An FBO stores jet fuel under a custody-transfer clause