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SLCO buyer

  • Kuwait Kuwait  
  • Quantity Required: 2,000,000
  • Last Updated:
    Posted on: 22 Apr 2021

RFQ Details

procedure,if your Seller accepts it,the deal will be possible
THE BUYER PROCEDURES:

PRICE: Based on "DUBAI PLATTS OIL MARKET WIRE PUBLISHED POSTED PRICE".
Quantity : From 10,000,000 to 20,000,000 BPM

Term: 36 month with mutual extension options

DISCOUNT: Gross USD X.00 per bbl. Net USD X.00 per bbl.

COMMISSION:
1. Seller Mandate = USD xx cents per bbl
2. Seller Intermediaries = USD xx cents per bbl
3. Buyer Mandate = USD xx cents per bbl
4. Buyer Intermediaries = USD xx cents per bbl.

Seller to be responsible for commissions 1. to 4.

DELIVERY TERMS: CIF (Incoterms 2000) any safe world port

PAYMENT: Irrevocable Confirmed Revolving Documentary Letter of Credit (DLC) issued by a top 25 Western European, Asian or United States bank.

SELLER GUARANTEE: No Performance Bond required.

PROCEDURE

1. Sellers Representative issues Soft Offer Include passport number of the person who signs the Soft Offer

2. Buyer issues LOI on Buyer/Buyer Mandate letterhead.

3. Seller issues invitation to the Buyer to attend a TTM at ARAMCO London/Houston.

4.The Seller and Buyer meet at the ARAMCO office in London/Houston. The Seller will insert all ARAMCO Allocation details into the DRAFT Sales and Purchase Agreement and the Buyer will insert all company and refinery ARAMCO registration details into the DRAFT Sales and Purchase Agreement. The Seller and Buyer will sign and seal the DRAFT Sales and Purchase Agreement,

5. Seller issues six HARD copies of the Sales and Purchase Agreement to be signed and sealed as per OPTION A or OPTION B.

OPTION A:Six hard copies fully executed by both Buyer and Seller to be exchanged via DHL/FedEx.

OPTION B: Six hard copies to be fully executed by bot
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