Deferrals of contractually scheduled deliveries.

CFR · 2024-01-01 · US · Title 10

(a) (2) An awardee seeking to defer scheduled deliveries of petroleum products to the SPR may submit a deferral request to DOE. (b) (1) DOE can reduce the cost of its petroleum products acquisition per barrel and increase the volume of petroleum products being delivered to the SPR by means of the premium barrels required by the deferral process; (2) DOE anticipates private inventories are approaching a point where unscheduled outages may occur; (3) There is evidence that refineries are reducing their run rates for lack of feedstock; or (4) There is an unanticipated disruption to petroleum product supply. (c) (2) DOE shall only agree to amend the contract if the negotiation results in an agreement to give the Government a fair and reasonable share of the market value.

official document · source cfr-2024 · id 10:§ 626.8