Light Crude Oil and/or Heavy Crude Oil
Oman (Sultanate of Oman)
8,000,000 barrels per month x 12 months with rolls and extensions of Light Crude Oil and / or Heavy Crude Oil. (Quantity at the starting shipment: 2,000,000 barrels or 4,000,000 barrels)
FOB Duqm port or Muscat port in Oman
Irrevocable, Non-Assignable, Non-Divisible, Non – Confirmable, Revolving Documentary L/C.
2% of the faced value of the DL/C.
SGS or equivalent at loading port at seller’s cost.
This LOI is valid for 15 days from the date of issuing.