Supply Sales

In biofuels: the sales of Bioethanol among refiners and importers for blending into its gasolines to be sold to end-users [Section 3(m), DOE Department Circular No. DC2011-12-0013, Guidelines on the Utilization of Locally-produced Bioethanol in the Production of...

Procurement Plan

In biofuels: the report to be submitted by Oil Companies on the fifteen (15th) day of each month beginning 15 January 2012 which contains the name and addresses of the suppliers of Bioethanol taking into account their LMA calculated by the OIMB on the previous...

NABI

In biofuels: the Notice of Allowable Bioethanol Importation based on recommendation by the NBB and issued by the OIMB to Oil Companies for a quarter, but broken down for each Allocating Month [Section 3(h), DOE Department Circular No. DC2011-12-0013, Guidelines on the...

Market Share

In biofuels: an Oil Company’s share in the total sales of gasolines sold in the Philippines and consequently, the same percentage shall be used to determine the Oil Company’s share in the total domestic supply of bioethanol [Section 3(g), DOE Department Circular No....

Lifting Month

In biofuels: the month when Bioethanol Producers deliver the committed volume and when the Oil Companies lift the bioethanol products based on their LMA or adjusted LMA. The Lifting Month is the third (3rd) month from the Allocating Month. For example, January 2012 is...

Force Majeure Event

In biofuels: any act of God, fire, riot, war, civil unrest, natural disaster, accident, act of government which would prevent it from producing its committed volume [Section 3(c), DOE Department Circular No. DC2011-12-0013, Guidelines on the Utilization of...

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