Slco 10, 000, 000 barrel
Commodity: saudi light crude oil
Origin: saudi arabia
Quantity:10 million bbl monthly for one year with option for increase monthly quantity
Delivery schedule: minimum bbl monthly till contracted quantity has been delivered
Price: based on 3 day average saudi light platt's dubai market wire day of bill of
Laden - 3$
Commission: subject to fpa signed with the buyer (req Usd $100 per bbl)
Delivery: based on fob
Shipment: minimum one million (1, 000, 000 bbl) per shipment
Payment: irrevocable, confirmed, revolving documentary letter of credit issued from top prime banks
Contract period: 12 months with rolls and extensions
Quality: see below specifications
Api33-34
Sediment content: 01
Astm stabilized gravity: 345
Wax-wt percentage: 29
Vanadium: ppm v200 110
Gross heating value: 20
Salt content: ppmnacl 38
Sulpher: wt% 15 max
Ash: ppm 10000
Comp Carbon residue: wt% 31
Viscosity: cp 550
Pour point: 350
Procedure:
1 Ncnd + mfpa + loi on the refinery letter head including company information, signed and sealed + refinery aramco registration number
2 Buyer submits loi allowing soft probe
3 Seller issues fco and buyer submits blc
4 Buyer signs and stamps the fco
5 Seller issues contract with full banking
6 Buyer and seller sign and exchange contracts
7 Seller provides proof of product
8 Buyers bank opens non-operative letter of credit
We are in position to supply slco min 1million up to 50 millions bbl monthly for 1up to 5 years with competitive prices!!! based on cif or fob delivery