Detailed Product Description

FULL CORPORATE OFFER TO PROCURE & SUPPLY 40 MILLION BARRELS OF SAUDI LIGHT CRUDE OIL (SLCO) ON F.O.B. INCOTERMS.

We have the pleasure of writing to inform you that on behalf of our Principal Seller, we are authorized as facilitator and our company is Ready, Willing and able to procure and supply the said product as stated below under the following terms and conditions :-

COMMODITY : SAUDI LIGHT CRUDE OIL (SLCO) , having the contractual minimum guaranteed specifications as per Annex “A”, herewith attached as an integral part of this offer.

ORIGIN : Kingdom of Saudi Arabia.

PRICE BASE : Dubai Platt on three days average.

DISCOUNT : Gross US$6.00 , Net US$3.00

CONTRACT : Thirty Six months with possible rolls and extensions.
TOTAL QUANTITY : The total contractual quantity of the Commodity sold and purchased under this contract is (40,000, 000) FORTY MILLION BARRELS per month for Thirty Six month with a variation of +/- 5% (Plus/Minus Five Percent) at Seller option,