Crude Oil – Light crude oil is liquid petroleum that has a low density and flows freely at room temperature. It has a low viscosity, low specific gravity and high API gravity due to the presence of a high proportion of light hydrocarbon fractions. It generally has a low wax content. Light crude oil receives a higher price than heavy crude oil on commodity markets because it produces a higher percentage of gasoline and diesel fuel when converted into products by an oil refinery.
We, the Intbes Co, hereby state and represent that we confirm with full legal and corporate responsibility under penalty of perjury that we are ready, willing and able to sell and deliver the following commodity, as follows:
COMMODITY: Light & heavy Crude oil
- ORIGIN: Middle East.
- SPECIFICTION :The specification is respectfully proffered in the attachment.
- PACKING: Barrel
- QUALITY: Export quality.
- TERMS OF DELIVERY: Ship to Ship , Non transship , CFR
- PRICE SHIP TO SHIP : ( For Price of FOB or CFR please Connect US with Email )
- Light crude oil : 12.5$ Minus Ice Brent for Europe 8$ Minus Ice Brent for China Heavy crude oil : 13.5$ Minus Ice Brent for Europe 9$ Minus Ice Brent for China
- Commissions: 1$ ( 0.5$ Seller side closed / 0.5$ buyer side open )
- PAYMENT:
- 1. Cash 10/90
- 2. Full Bank Guaranty
- 3. SBLC Unconditional for 100%
- 4. Bartering
Requirements:
- Official LOI with all details
- Company Profile
- Company registration certificates
- Buyer Passport Copy
- BCL (Bank Confirmation letter).
PROCEDURE:
- Buyer issues LOI and other documents.
- Seller issues FCO.
- Buyer sign and stamp FCO and send to seller.
- Seller issues spa for buyer.
- Seller & Buyer sign SPA contract and related agreed.
- After verification of documents, Seller issues PI (Performa Invoice) to Buyer.
- Buyer will be pay 10% in Advance.
- Seller and buyer bring their nominated vessels in the port that nominated by buyer
- Seller issue commercial invoice
- 24 to 48 hours before receiving the ship (not the documents) or before the STS Operation (the primary goal is main injection operation does not take place) buyer will pay the rest of 90%.
Important points:
- Freight Cost at buyer side, Shipping costs are pre-approved
- Average Freight Cost Estimation to Europe 3.2$ / 4.5$. (USD per barrel)
- Capacity of VLCC / AFRAMAX; 6 @ 1 million bbl. / 3 @ 2 million bbl.
- For China buyer should declare the delivery port and provide to seller copy of ownership or any document regarding contract with refinery.
- In Price offer STS non-Transship, Freight cost not included, but Shipping costs are pre-approved.
- Freight Cost at buyer side.
Crude Oil
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