Posted by Tom Angel on August 20, 1998 at 15:05:46:
In Reply to: Buy Crude Oil, Jet Fuel, Diesel D2 posted by LH Development Finance Consultant on June 28, 1998 at 03:12:05:
: If you have any reliable buyers for Saudi light
1. Origin: Saudi Arabia
2. Length of contract: 36/60 months, renewable
3. Price: FOB Duabai Platt
4. Discount: $1.20per barrel Gross, $1.00per barrel Net to the Buyer
5. Commission: $0.20, to be equally divided between Buyer's and Seller's groups.
6. Quantity: Up to 500,000 bpd.
7. Contract entity: ARAMCO
PROCEDURES
1. LOI accepting our offer
2. Draft contract to be signed by both Buyer and Seller
3. Proof of product against proof of funds
4. Signing of hard copy contract
5. Seller will issue a Non - Operative Performance Bond
6. Buyer will issue an Operative Letter of Credit
7. Shipping will Commences in 3 months max.