Document 65j2bmdKE9ELg5M7BzaoovV33

HR. T. C. WALKER October 27, 1976 R. K. JOHNSON J. T. LEONARD R.H.S. memo 10*20*76 DOW VCM PROPOSAL #26898 1. Section 5. - Quantity Measurement Mr. C. J, Kleinert advisee this is acceptable. We will have metering devices on our side of the fence. 2. Section 6. - Terms of Sales We agree that we should continue to push for bi-monthly invoicing. Met 30 pays Their proposal is better than what we have with our present contract, i.e. bi-monthly, net 10 days. 3. Section 8. - Credit We agree with Mr. Schake. Our present contract had the following statement added: "Any such cancellation for failure to pay may be voided by buyer curing the breach within fifteen days from the date of sending such notice." 4. Section 15. - Price Per Unit We should attempt to change this to read: "Dow's lowest VCM price to the PVC industry" 5. Section 16. - Price and Terms > We agree with Mr. Schake. Our present contract allows them to increase the price the first day of any month upon 15 days prior written notice. It also includes the statement! "Price charged may not exceed Seller's PVC industry price." 6. Section 17. * Favored Nations We should try to improve, although it may be difficult. We can understand Dow not wanting to be tied to some old contractual commitments. RKJ/JTL/dla R. K. Johnson / J. T. L onard OCC 017498 TO Mr. J. T. Leonard INTEROFFICE date October 26, 1976 from C. J. Kleinert SUBJECT DOW VCM PROPOSAL #26898 REFERENCE In reference to Section 5 concerning quantity measurement, it is acceptable to us that Dow dual meter (Turbine Line meters) the vinyl chloride transmitted to our third site. You should be aware that in our capital estimate we are Including a meter on our side of the property line as a cross check against the Dow delivery device. / It should be noted in the contract that in the event of failure of the Dow meters that the Firestone system would govern. CJK/rm cc: Mr. K. F. Hochschwender Mr. F. F. Hoy S1273 OCC 017499