Glossary of Bulk Oil Terms

Blanket Contract

Posted by Alexa Ketterling

Aug 8, 2018 1:51:47 PM

A contract which does not specify a particular volume, but allows you to order any quantity of a product at an agreed upon price for a period of time.  These types of contracts are unusual in the edible oil / agriculture industry, as they deal with a lot of unknown factors (volume, supply availability, etc.).