All national and international oil companies can access TIPER storage facilities through a storage
contract between the parties. Being a bonded warehouse, TIPER can store petroleum products imported
for domestic consumption or in transit. TIPER provides its customers with a service
level agreement (SLA), which describes its operational engagements,
Commercial elements are generally covered by two types of storage contracts
Ad-Hoc storage
- - (i.e. Throughput fees): This is mainly used by local distribution companies
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- The tariff is correlated to volume physically stored in TIPER’s tanks
- Customers only pay for storage used.
- The duration is limited to a short period of time.
Take or Pay:
- - this contract is adopted for large volumes associated with international traders/suppliers
- From a standard basis grid, the tariff is negotiated with each customer depending on its commitment in terms of volume and contract duration.
- Fees for specific volume are flat (per m3 per month) even if the capacity is not used
- The duration must exceed one year
Beyond the above standard contracts, TIPER remains flexible to meet customer’s specific requirements
like tank allocation, or terms catering for Government strategic stock storage.
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