COMMODITY: Light Crude Oil according to availability in the moment of loading on
seller offer and buyer acceptance.
ORIGIN : UAE
PICKING: BULK
QUANTITY: Monthly 2,000,000 US Barrels over shipments of 2,000,000 Barrels for
one year
PRICE: Brent plate (As SPA Conditions) ( price Minus - 2 USD per Barrels )
DELIVERY : TANK / FOB /
PAYMENT : After Signing the SPA, buyer has to open for MT199 / MT 103 / 72 BLOCK FUNDS
DIP & PAY / DLC or SBLC (against documents as SPA Conditions). Exchange rate for
EUR/USD is considered as per quoted on ecb.com for effective date of PMT