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Add to My Leads
Date Posted: 09/12/2015
Expires On: 09/19/2015
Ad Number: 345520
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Category: |
Raw Materials |
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Subcategories: |
Petroleum |
| Place of Origin: |
Oman |
| Price: |
TO BE NEGOTIATED |
| Offer Valid Until: |
30-12-2015 |
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OMANI CRUDE OIL
The products offered by the Seller and accepted from the Buyer are:
• Gulf Light Export Blend Crude Oil as per Specifications attached in APPENDIX 1
• Gulf Heavy Export Blend Crude Oil as per Specifications attached in APPENDIX 2
ARTICLE 2 QUANTITIES TRIAL LIFT of 2,000,000 bl (+/- 5%) available 14 days from Confirmed Financial Instruments
CONTRACT up to 6,000,000 bl (+/- 5%) per month for the duration of 12 Month with R & E
ARTICLE 3 BASIS OF DELIVERY
Bases of Delivery: STS – Sultanate of Oman or CFR ASWP (plus Ocean Freight Cost)
PROCEDURE:
8.1 Buyer Sends LOI and Company Profile updates
8.2 Seller sends Draft Contract (SPA) open for negotiation, Proposed Verbiage for Documentary Letter Of Credit (DLC) MT700, Seller Form.
8.3 Buyer sends C.P.A. of Nominated Vessel with Q88, Seller Form and Storage Agreement at Discharge Port
8.4 Seller Approves the Vessel and programmes the details in the Contract
8.5 Buyer’s send final revised contract with ICPO or PO + Financial capability (RWA or BCL) where Buyer Bank agrees to open the MT700 DLC in favour of the Seller within 10 days from contract signing for 105% of the monthly agreed volume to be delivered.
8.6 Upon receiving Confirmation from Buyer’s bank, Seller Bank sends (RWA) to issue the 2% PBG in favour of the Buyer. Seller sends signed final Contract and fixes LAYCAN for lift.
8.7 Buyer Loads his Vessel and performs Q&Q, receives all Document as listed in ARTICLE 4 Buyer Pays for the total Cargo via MT103 or TT (SWIFT TRANSFER) to seller’s Bank, Vessel receives clearance to leave Port.
8.8 Transaction Closed, and repeats on a monthly bases
Atallah Khoury
EMAIL: royalimpex777@gmail.com
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Contact: |
ATALLA KHOURY |
Company: |
ROYAL IMPEX INT |
Location: |
FASSOUTA, UPPER GALILE 25170
Israel
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