Our company MIDLANDS STS LIMITED offers you oil and its refined products from the territory of the national company of Venezuela PDVSA. Our company operates under a state agreement and is part of the holding. We are authorized to initially prepare and process applications from potential buyers, ensuring legal and financial qualification.
Our holding is included in the PDVSA register and operates in accordance with Incoterms 2020 on fundamental FOB. The holding operates based on an allocated annual quota within the JVA of 10,000,000 barrels of crude oil per month / 120,000,000 barrels per year. All transactions with our holding are transparent and legally permitted.
Legal and Sanction Compliance:� While a broad permit has not been renewed for Venezuela to export oil without sanctions, licenses were granted to specific partners of PDVSA including ENI SPA and Repsol under General Licenses GL 41 and GL 50 from OFAC, enabling exports to the Europe and India. Therefore, transactions with our company are legally permissible� and transparent.
Product Terms:
Commodity: API 16 crude oil (maximum sulfur content of 3.5%).
Shipment lots: 2,000,000 barrels.
Delivery terms: VENEZUELA FOB PORT JOSE.
Price: Discount of $24 USD per barrel from the cost of Brent at the time of contract.
Procedure:
1-Payment: DLC MT 700 or SBLC (MT 760).
2-Potential buyers provide CIS/KYC, guarantee from bank and telephone no. of bank officer (to enable due diligence and proof of payment).
3-In response to FCO, buyer issues ICPO.
4-Seller provides contract and POP.
5-Buyer and seller agree, then sign contract and exchange necessary documents, including availability of quota for goods in accordance with contract.
6-Buyer notifies availability of own vessel or sends contract to shipowner and all documents for registration at port of loading.
7-Seller registers and reports vessel for submission at appointed time(s) for loading.
8-100% payment is made at the seller's port upon readiness of the bill of lading (shipping invoice) and signature of the ship's captain.
We at MIDLANDS STS Ltd invite interested parties to engage with us based on the terms and conditions as outlined above. We ensure full compliance with international sanctions and legal standards, providing a secure and transparent transaction. Our commitment to delivering high-quality products along with adherence to legal and ethical standards position us as reliable partners in the global energy market. This offer stands as an FCO (Full Corporate Offer).
For further inquiries or to initiate a discussion regarding this offer, please contact our sales department via this email. We are also available via telephone/WhatsApp at either +353 86 197 5673 or +353 85 204 9155. Thank you for considering this opportunity with MIDLANDS STS LTD. we look forward to your response and establishing long-lasting relationships with our clients to foster mutual growth and success.
