Crude and Condensate
NGL (Physical and Futures)
Trading futures, swaps and any derivatives thereof (collectively “Commodity Interests”) involve substantial risk and are not appropriate for everyone. Past performance is not indicative of future results. The buyer and seller understand that New Stone Americas Futures (collectively “NSAF”) has acted as agent for the buyer and seller solely for the purpose of matching up the buyer and seller to a transaction(s) involving Commodity Interests. The fees charged by NSAF for executing and/or reporting any Commodity Interests through NSAF are a negotiated fee which may not be the same fees as charged in similar transactions with other brokers. All aspects and terms of each transaction involving Commodity Interests are determined and agreed solely by the buyer and seller and compliance with the terms of such transaction is strictly the obligation of the buyer and seller. The buyer and seller agree that it is capable of understanding the risks in proceeding with such transactions, assessing the merits thereof, and, in fact, understands and accepts the terms of such Transactions and assumes the risks attendant thereto. NSAF shall not be responsible for either the buyer’s or seller’s performance of its respective obligations with respect to executing and/or reporting such transactions for the buyer or seller. NSAF shall have no liability to either the buyer or seller in the event the buyer or seller, as applicable, is prohibited or restricted from entering into such transactions or if such transaction is voided or rejected, including without limitation, by the buyer, seller, exchange, contract market or the buyer’s or seller’s clearing facility, as applicable.