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The mission of LEAP is to promote efficient and reliable transaction processing within the energy trading industry by means of automation and standardization. In connection therewith, LEAP may do the following:

  • pursue the automation of data processed between trading counterparties and companies that provide ancillary inspection, storage, pipeline movement, and related services,
  • promote simplifying business standards and practices,
  • develop and promote the use of non-proprietary electronic data standards, conventions and dictionaries, favoring industry standards over proprietary ones,
  • retain control wherever possible over such intellectual property, while making freely available to industry participants by means of licensing for use in accordance with the principles of these bylaws,
  • encourage cooperation among the energy trading parties and other industry participants/associations towards achieving our mission,
  • encourage broad based participation in LEAP, and
  • provide equal access to the standards for all members.

Membership in LEAP is open on a nondiscriminatory basis to energy trading entities
(defined as crude oil, petroleum products, ethanol and possible power and gas).
All members must be legal entities, not natural persons.

Record turnout at the
LEAP General Meeting
Oct 20-21, 2009
Chevron Conference Center
1400 Smith St., Houston TX

Theme: "Adoption -- real-world experiences in automating energy trade processing"
Agenda Highlights:
  • Keynote Speaker: Hugh Connett, VP Supply & Trading Capability, Chevron on trends in physical energy trading and the automation imperative
  • Hear from compliance/legal experts how regulatory changes are accelerating industry automation efforts
  • Learn about automation adoption experiences through real-world case studies
  • Get updates from LEAP Committees working on automation initiatives across the life of a deal: contract confirmations, shipping documents, inspection data, and settlements
  • Participate in LEAP Committee discussions
  • Find out about the automation metrics used by financial industry regulators, and have a voice in defining meaningful metrics for physical trade processing
  • Evening reception and dinner for registered attendees at The 43rd Restaurant & Lounge
  • Click here for detailed agenda

We thank Chevron for providing the meeting venue and
enabling us to keep event costs down for everyone.

LEAP and its Marine Annex Committee are pleased to announce the release of the LEAP Marine Annex version 1.0 for transactions in oil and refined product delivered by vessel in the United States or Canada, or United States or Canadian territorial waters. To request a free copy of this document, please email LEAP with your company and contact details.

Press Release

User’s Guide

LEAP and its Canadian Addendum Committee are pleased to announce the release of the Canadian Addendum version 2.3 to the LEAP Master Agreement for Purchasing and Selling Refined Products and Crude Oil version 2.1. To request a free copy of this document, please email LEAP with your company and contact details.

LEAP and its Contract Matching Committee are pleased to announce the release of the Master Agreement for Purchasing and Selling Refined Products and Crude Oil version 2.1. To request a free copy of this document, please email LEAP with your company and contact details.

Press Release

Master Agreement Differences 2.0 to 2.1

LEAP members, workgroup participants, and website users are required to adhere to LEAP's
Antitrust Compliance Policy