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4. A contract of sale is of the description specified in this regulation if—
(a)it provides for the supply of oil in more than one month in one or more chargeable periods, and
(b)in relation to each supply of oil under the contract, the terms are the same in so far as they specify—
(i)the identity of the participator supplying the oil,
(ii)the person to whom the oil is to be sold,
(iii)the kind of oil which is to be delivered,
(iv)the unit price of the oil to be supplied or, as the case may be, the formula under which, in accordance with the contract, the price for that oil is to be determined, and
(v)the quantity of oil to be supplied.
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