Can sign an oil sales agreement with Sinopec oil sales enterprises.

The agreed price is the price of buying and selling a certain number of related commodity futures contracts when the contract is performed, and it is also the price of buying and selling a certain number of related commodity futures contracts when the seller performs the contract, also known as the performance price and exercise price.

The agreed price is set by the futures exchange. For the same futures commodity, at least five option contracts have different agreed prices. The agreed price is lower than or equal to the current price of the same commodity futures contract. However, there are also countries that are inconsistent with the price and use the current market price of the commodity market as the option trading price, such as the Sydney Futures Exchange in Australia.

Extended data

Matters needing attention in signing the agreed price contract:

Consult the law firm and the company's legal adviser about the actual development of related businesses, understand the possibility of business disputes and the causes and types of disputes, and avoid the same defects when signing contracts.

In order to determine whether the rights and obligations of both parties are legal and effective, they should have basic terms, especially the content of the transaction, the way of performance and the time limit, and clearly stipulate the liability for breach of contract. It can also be notarized by administrative organs, notarized by lawyers, and the intermediary role of relevant institutions to make the contract content as complete as possible.