ESPO Crude Oil is a high-quality Russian blend originating from Kazakhstan with a trial shipment quantity of 200,000 MT (~1.46 million barrels) and a monthly shipment quantity of 400,000 MT (~2.93 million barrels). The product is shipped CIF to Dongying Port, China, with loading from Rotterdam, Houston, or any other safe world port. Payment is made via MT103 T/T Telegraphic Transfer. Inspection is carried out by SGS or similar inspection company. Seller covers insurance at 110% of the shipment value. Commission split is 50% to the Seller's Mandate and 50% to the Buyer's Mandate.
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