SAUDI LIGHT CRUDE OIL (SLCO) API 33-34 Seller, Supplier, Exporter, Manufacturer, Factory

SAUDI LIGHT CRUDE OIL (SLCO) API 33-34
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SAUDI LIGHT CRUDE OIL (SLCO) API 33-34

Product : SAUDI LIGHT CRUDE OIL (SLCO) API 33-34
Monthly Delivery : 50,000,000 BBL per month, (+/- 5%) X 60 Mos. (5 Years)
Contract Quantity : 3,000,000,000 (Three Billion Barrels)
Specification : SAUDI LIGHT CRUDE OIL (Standard Export Quality) API 33-34
Origin : Saudi/ME or at Seller's option
Duration : 60 months, with rollover, and extensions
Delivery : CIF ASWP
Payment Terms : Irrevocable, One time Transferable, Divisible, Revolving Documentary

Letter of Credit or BG issued by Top 25 World Bank, payable

100% at sight at Seller’s Bank against Full Set of Shipping

Documents and Certificate of Inspection for Quality and Quantity

issued by SGS and/or Equivalent
Pricing : Dubai Plats
Discount : Gross USD 6.0/BBL, Net USD 3.0 /BBL

Commission:

Net to Buyer USD $3.00 per barrel

ORGANIZER´S SIDE USD $1.00 per barrel

SELLER’S SIDE USD $1.00 per barrel

BUYER’S SIDE USD $1.00 per barrel

Delivery Guarantee : The delivery of the Product is guaranteed by SELLER and the ARAMCO
Inspection : Quality & Quantity by SGS or Equivalent at Seller s cost at Port of Loading
Performance Bond : The ARAMCO in conjunction with SELLER guarantees the delivery of the product, and accordingly No.
Performance Bond shall be applicable
Proof of product : In the form of ARAMCO Allocation Numbers and Details, thereof

SAUDI LIGHT CRUDE OIL (Standard Export Quality) API 33-34

Terms of Payment and Contract procedure:

Payment for the goods to be delivered under this Contract shall be effected as follows:

1. Seller' issues FCO in favour of Buyer;

2. Buyer accept FCO, confirmed by signed and seal on the FCO, then reply with an Irrevocable Corporate Purchase Order (ICPO) , Refinery details, ARAMCO Registration Numbers, if Applicable for the Refineries, Letter of Authority to Represent the Refinery to ARAMCO, Refinery Location, Refinery Capacity;

3. Buyer furnishes POF (Proof of Funds covering 2 months of shipment) to Seller's bank via Bank Swift;

4. Seller will issue Contract/and Schedule of Shipments as per terms of the FCO to Buyer;
5. Buyer sign and return, and pre advise L/C to Seller;
6. Seller approves L/C and provides POP (ARAMCO Allocation Numbers and Details) ;
7. Buyer opens Irrevocable, One time Transferable, Auto-Revolving Documentary L/C. " in favour of seller against POP and PB 2% by Seller.

8. Schedule of Shipment will commenced as per schedule as mutually agreed.

After signed FCO the by Buyer, within 48 banking hours (Forty eight hours ) , Buyer's Bank shall provide the Proof of Funds via Bank Swift to Seller's Bank.

Proof of Funds to the Seller's Bank, acceptable as POF are also a Pre-advise Irrevocable, Documentary, Monthly Auto Revolving, Letter of Credit, from TOP 25 World Bank. Payment Terms:

Irrevocable, one time Transferable, Automatically, Monthly Revolving, Documentary, Letter of Credit, payable 100% at sight at

Seller's Bank, upon presentation of full set of shipping documents and Inspection Certificate issued by SGS and/or Equivalent at by the seller.

The Letter of Credit shall cover monthly shipments (1-2 months coverage) , until completion of the contracted quantity, for 60 - months period with possible of rollover and extensions.

Transfer of banking instruments and banking confirmations to be effected only by S. W. I. F. T. or Tested Telex.


BLCO	BONNY LIGHT CRUDE OIL	NNPC / BLCO

REBCO Crude Oil	BONNY LIGHT CRUDE OIL

Category :	Crude Oil
Related Searches :	crude oil , crude oils , light crude oil , saudi light , saudi light crude , light crude , crude oil slco , light crude oil slco , saudi light crude oil slco
Country Of Origin :	Saudi Arabia
Listing Type :	Sell
Contact :	Manuel Soto Olivares
Address :	Sto. Domingo 755 Depto. 507 Santiago, Santiago, 123456 Chile
Telephone :	[56] (09) 82019170
Fax :	[56]