Commodity
Light Crude Oil and/or Heavy Crude Oil
Origin
Oman (Sultanate of Oman)
Specification
Upon Request
Quantity
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)
Delivery terms
FOB Duqm port or Muscat port in Oman
Payment terms
Irrevocable, Non-Assignable, Non-Divisible, Non – Confirmable, Revolving Documentary L/C.
Performance bond
2% of the faced value of the DL/C.
Inspection
SGS or equivalent at loading port at seller’s cost.
This LOI is valid for 15 days from the date of issuing.