Delivery: FOB Sitra, Bahrain (November 23, 2024 onwards)
Laycan: To be communicated by Buyer
Quantity: 40,000.00 MT +/-5% (Buyer's Option)
Quality: As per Kuwait 10 PPM Specifications
Q&Q Determination: Seller's Shore Tank Quantity (Quantity as per Sellerâ??s Shore Tank representative composite sample collected before loading)
Price Decimals: Pricing to be finalized to 04 Decimal Places
Pricing period: Three Published Quotations after BL (BL+3, BL = Day 0)
Payment: 20% on Completion of DIP Test and Balance before the commencement of cargo or before the vessel berthing
Risk & Title: Risk and Title at Sellerâ??s Terminal Flange
Payment Security: Open Credit, in case Cargo value exceed credit limit, Balance to be Prepayment
Late Payment Interest Charge: 1M SOFR + 3.00%
Terms & Conditions: Saudi Aramco Products Trading Company GTC with attached Sanctions Rider
Inspection: To be split 50:50 between both Buyer and Seller
Others: English Law and London Arbitration
Invoicing Quantity: To be BBL
