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Buy Rebco Oil

  • New Zealand New Zealand  
  • Quantity Required: 2-4,000,000mbbls/mnth
  • Last Updated:
    Posted on: 09 Jul 2021

RFQ Details

Asking for genuine offers on REBCO on 12 month contract basis at 2-4, 000, 000mbbls/mnth.

Procedures for Rebco (FOB)

1) SELLER SENDS FCO/SPA CONTRACT DRAFT
2) BOTH SELLER AND BUYER ACCEPT AND SIGN ELECTRONICALLY WITH HARD COPIES TO BE FOLLOWED BY COURIER.
3) SELLER ISSUES 2% NON OPERATIVE PERFORMANCE BOND AND SOME POP
4) BUYER ISSUE DLC TO ACTIVATE PERFORMANCE BOND
5) SELLER SENDS REMAINING POP
6) ALL OTHER TERMS/CONDITIONS AS PER CONTRACT.

Other Requirements
Price basis: Med Sea Platts Crude Oil Marketwire
Heading: Ural FOB ex-Novo (Black Sea Ports)or Urals FOB ex-Baltic (Baltic Sea Port) for Crude Oil lifting.
Discount: To be discussed
Payment Terms: 100% irrevocable, nontransferable, non-divisible, documentary L/C to be opened from a prime bank on a cargo-by cargo basis upon receipt of Terminal Confirmation.

We also accept CIF Incoterms.


We are the Buyer's Mandate.