Commodity: LIGHT BLEND CRUDE OIL Certificate Of Origin: Omani Spot Quantity 2,000,000 Barrel Monthly Quantity: 1,000,000 TO 7,000,000 Barrel Per Month Yearly Contract (To be specified by the Buyer) Shipping Terms: FOB Oman , VESSEL /VESSEL Price: BRENT PLATT MINUS USD 8 PER BARREL GROSS, AND MINUS USD 7 PER BARREL NET. Inspection: SGS, or equivalent as per Buyerâ??s option Payment method for spot and Monthly Shipments By MT103 Swift upon successful Inspection. Payment Guarantee for Yearly contract: By SBLC MT760/DLC with the value of monthly quantity valid for the contract period issued OR confirmed by top 50 bank. The SBLC/DLC should be Irrevocable, Divisible, Revolving, and Confirmed issued or confirmed by one of top 50 banks. Commission: $1 PER BAREEL, 50% SELLER SIDE CLOSED AND 50% BUYER SIDE OPEN To be paid by the SELLER to all intermediaries under NCNDA&IMFPA that will be issued by Seller. NOTE A POF might be requested if DD indicates so.
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