Description

Product: SAUDI LIGHT CRUDE OIL (SLCO) API ****4 Monthly Delivery: *0,**0,**0 BBL per month, (+/- 5%) X *2 Mos. Contract Quantity: **0,**0,**0 (Six Hundred Millions barrels) Specification: SAUDI LIGHT CRUDE OIL (Standard Export Quality) API ****4 Origin: Saudi/ME or at Seller&#**9;s option Duration: *0 months, with rollover, and extensions Delivery: CIF Payment Terms: Irrevocable, Transferable, Revolving Documentary Letter of Credit or BG issued by Top *5 World Bank, payable **0% at sight at Seller&#**9;s Bank against Full Set of Shipping Documents and Certificate of Inspection for Quality and Quantity issued by SGS and/or Equivalent Pricing: Dubai Platts Discount: Gross USD *3 $ /BBL , Net USD 9 $ /BBL Commission: USD 1.*0 $ to the Seller side (Closed) & USD 1.*0 $ to the Buyer side & USD 1.*0 Intermediaries Side Delivery Guarantee: SELLER and the ARAMCO guarantee the delivery of the Product Inspection: Quality & Quantity by SGS or Equivalent at Seller&#**9;s cost at Port of Loading Performance Bond: The ARAMCO in conjunction with SELLER guarantees the Delivery of the product, therefore performance bond may not be applicable Proof of product: In the form of ARAMCO Allocation Numbers and Details, Thereof CONTRACT PROCEDURE: Procedures as agreed per standard SLCO contract Procedure between Seller and Buyer. Issue Date: June 8, ***7