EQUITABLE ADJUSTMENT-GROUND/BULK FUELS
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Contract SPE605-22-D-4006 is a federal award issued by the Defense Logistics Agency to Petroleum Traders Corp for the procurement of ground and bulk fuels, including diesel and automotive gasoline. Awarded on September 28, 2022, the contract has a total price of 47,933,509.77 dollars. The agreement incorporates detailed quality technical provisions and specifications adhering to ASTM standards and Energy Quality Assurance Plans to ensure the integrity of fuel supplies. Since its inception, the contract has undergone several modifications to address operational and financial adjustments. These include the addition of new line items for diesel fuel deliveries in Kentucky and Tennessee, updates to tank narratives for gasoline storage, and price adjustments to account for the reinstatement of Federal Hazardous Substance Superfund Excise Tax rates. Additionally, the agency has updated price escalator reference indicators for specific fuel types and processed a no-cost settlement for a termination for convenience. Recent administrative actions also include an equitable adjustment payment to cover backhaul and demurrage fees resulting from insufficient customer tank capacity during a delivery attempt.
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