Trade Lead Description:
Commodity Saudi Light Crude Oil
2.Origin Saudi Arabian
3.Quality Standard export specification
4.Quantity per month 50 – 100 million barrels
(About 25 - 50 shipments per Monthly)
5.Quantity per year 600 - 1200 Million barrels
6.Contract period 120 months with possible extension
7.Delivery CIF China main port (Dubai Listing Price COD)
8.Currency USD
9.Price Based on Dubai Platt oil market
Wire published posted price (3 days average price)
10.2% PBG Seller 2% PBG
of shipment value
11.Payment: Payment via Non Transferable Revolving Documentary Letter
of credit (RDLC) covering half month shipment, value to be
issued from one of the world top 25 banks.
The shipments are 100% payable at sight via partial payment
through said RDLC.
12.Port of departure As per Seller
13.Inspection Seller and Buyer mutually agree that SGS or
an internationally recognized first class
Independent Surveyor Company shall be
appointed at both designated Loading and
Discharge Ports, to assess the
Posted from India - Tamil Nadu on 19 November, 2009
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