PART 625 — PRICE COMPETITIVE SALE OF STRATEGIC PETROLEUM RESERVEPETROLEUM [ 10 CFR 625 ]PART625 — PRICE COMPETITIVE SALE OF STRATEGIC PETROLEUM RESERVEPETROLEUM [ 10 CFR 625 ]Table of Contents§ 625.1 — Application and purpose.§ 625.2 — Definitions.§ 625.3 — Standard sales provisions.§ 625.4 — Publication of the Standard SalesProvisions.§ 625.5 — Failure to perform in accordancewith SPR Contracts of Sale.Appendix A to Part 625 — Standard Sales Provisions[ Last FR update: 07/07/2005 ]Authority: 15U.S.C. 761; 42U.S.C. 7101; 42U.S.C. 6201.Source: 48FR 56541, Dec. 21, 1983, unless otherwise noted.§ 625.1 Application and purpose.This part shall apply to all price competitive sales ofSPR petroleum by DOE. This section provides the rules for developing standardcontract terms and conditions and financial and performance responsibilitymeasures; notifying potential purchasers of those terms, conditions andmeasures; choosing applicable terms, conditions and meas...