March
2016
Russian petroleum products market: how to set a fair price in the contract?
On March 2, 2016, the National Oil and Gas Forum company, jointly with International Business House, organized the third annual international workshop, Sustainable development of modern gas station chains: efficient management, accompanying businesses and infrastructure, for major Russian oil and energy companies.
VEGAS LEX Managing partner Alexander Sitnikov moderated a special session, “The Russian oil products market: production, supply and demand analysis, pricing specifics,” Senior associate of VEGAS LEX Litigation practice Alexander Trushkov’s presentation during the session was devoted to negotiating and setting a fair price in the supply contract.
Mr. Trushkov talked about situations in which there is need to negotiate a fair price; he explained the concept of a fair price and the procedure for negotiation, the pre-contractual price negotiation procedure and some specifics of pre-contractual disputes; and listed the main types of violations and ways to recover damages.
The main issues discussed at the seminar traditionally include the locations and infrastructure of a gas station chain, as well as its further development; business innovation as a mission on a filling station scale; modern standards for accompanying businesses in a gas station chain; branding for gas station stores; best choices and assortment of goods and services at filling stations; products and services for special promotions; financial and strategic planning, and effective pricing in gas station chains*.
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* Source – International Business House website.
For more information on VEGAS LEX’s activity in the oil and gas industry, please click here.