Oil Contracts

The Excalibur Oil Contracts system is an add-on to the Oil First Purchaser system. The purpose of Oil Contracts is to price crude oil Tank and LACT run tickets entered in the Oil First Purchaser module.

Oil Contract Information

General contract information contains the effective/expiration dates of the contract, buyer/seller of the contract and, if any, the contract deemed gravity.
Pricing contract information contains effective/expiration dates of prices, price method (such as, fixed, average, lowest, single bulletin, highest or cumulative), price references containing the bulletin price, any dollar or percentage adjustments and whether daily or monthly average pricing is used.