PRODUCT: CRUDE OILS LIBYA
SARIR CRUDE OIL API 37.5
ES SIDRA CRUDE OIL API 37.0
BUATTI FEL CRUDE OIL API 43.4
SIRTICA CRUDE OIL API 41.1
BREGA CRUDE OIL API 42.2
AMAL CRUDE OIL API 36.7
BOURI CRUDE OIL API 25.9
ZUETINA CRUDE OIL API 40.8
EL SHARARA CRUDE OIL API 42.2
ORIGIN: NATIONAL OIL COMPANY (NOC) - LIBYA
QUANTITY: 2,000,000 TO 4,000,000 BBLS (+/- 5%) â?? TRIAL SPOT FOR EACH GRADE
CONTRACT QUANTITY: THE MONTHLY QTY PER MONTH FOR EACH GRADE AND FOR 12 MONTHS WITH R&E
( I.E. 4,000,000 BBLS ) AFTER THE SUCCESSFUL COMPLETION OF THE TRIAL SPOT NOMINATION
SPECIFICATION: Standard Export Quality Specification â?? ATTACHED DELIVERY/DISCHARGE PORT FOB ASWP LIBYA OR CIF ASWP EUROPE â?? BUYER
TERMS OF PAYMENT:
A) 100% PAYMENT Against Fresh SGS Report of the Oil and via MT103/TT at the Load Port for all FOB Sales
B) 100% Payment against Fresh SGS Report of the Oil and via MT103/TT at Buyer Disport and guaranteed by a Buyer BG/SBLC for all CIF Sales
PRICE & COMMISSIONS :
A) FOR FOB SALES - DATED BRENT ON A 3DAY AVERAGE ON DATE OF THE SGS
REPORT LESS (MINUS) A DISCOUNT OF USD $2.00/- NET TO THE BUYER
B) FOR CIF SALES - DATED BRENT ON A 3DAY AVERAGE ON DATE OF THE SGS
REPORT LESS (MINUS) A DISCOUNT OF USD $1.00/- NET TO THE BUYER
