Crude Oil is a Crude Oil product. Key specs — Origin: United States.
Product Description
Soft Offer Terms and Specifications
REBCO-GOST TU 39-1623-93-CIF
Dear Sir,
As direct agent to the seller, we confirm that our seller is ready willing and able to supply the commodity as per terms and conditions below:
Commodity: Russian Export Blend Crude Oil (REBCO)
Specifications: Corresponding to GOST TU 39-1623-93 (page 2)
Origin: Russia
Quantity: Target barrels per month x 12 months
Port to Deliver: The buyer will give the exact port to deliver in the contract
Delivery Terms: CIF-ASWP
Inspection: By SGS or similar company; and the Buyer will pay the charges
Contract Duration: 12 months with open extension as agreed by Seller and Buyer
Price: PLATTS C.I.F. Mediterranean Sea with discount minus US$4.00
Gross/US$2.00 net per barrel (Target Price usually possible above 30mbbl)
Shipment: will commence in April 2007
Term of Payment: RDLC (Revolving Documentary Letter Of Credit amount of 1 month shipment.
Performance Bond: 2% performance bond will be provided in this contract.
Commission: $2.00: $1.00 Seller’s Side (Closed)/$1.00 Buyer’s Side
Seller’s Procedures:
A. ICPO
B. BCL (BCL issued by 25 TOP WORLD BANKS) from the Buyer (OR FINANCIAL STAMENT SHOWING AVILABITIES OF FUNDS)
C. Refinery Numbers.
D. Letter from Refinery confirming buyer’s authority to purchase.
E. NDNC/MFPA signed agreement.
All documentation should reflect a date within seven days of issued ICPO.
Based on this documentation buyer will receive draft contract directly from GazProm after 24 to 48 hours after submission, and a TTM might be required at Gazprom to certify documentation submitted.
Validity: This offer is subject to prior sale
Sincerely,
Edward LeCocq
Managing Director
Quality Certificate details are included below:
QUALITY CERTIFICATE
Russian Export Blend Crude Oil (REBCO)
Corresponding to GOST TU 39-1623-93
1. Density API 0,870 at 30 degrees C.
2. Viscosity at 80 ºC, no more than -16,0
3. Flash Point (in locked cubicle), not higher than + 35 ºC
4. Pressure of saturated pours under 38 ºC kilopascal/mm mercury column -7/50.
5. Paraffin’s (contents in %) 6,0%
6. Temperature of melting ºC -49
7. Contents, %
· Sulphur 1,8
· Nitrogen 0,25
· Chamois-acid resins 0,9
· Asphatents 0,9
8. Coking % 2.06
9. Ash % 0,004
10. Leaving the fractions %
· Before 200ºC 21,0
· Before 350ºC 50,0
11. Water and Sediments, not more than % -1.2
