Basra Light Crude Oil

Basra Light Crude Oil

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description :

We hereby confirm that we are ready, willing and able to negotiate Legal Allocation Holding Official Approvals Of Iraqi Crude Oil Order From CPA Office Baghdad / Iraq To Iraqi Ministry Of Oil ?State Oil Marketing Organization (SOMO)/ Southern Oil Company. As specified below:PRODUCT / COMMODITY: Basra Light Crude Oil
ORIGIN: Iraq outh Exit
TIME PERIOD: Within 12 Months
QUANTITY (metric tons): 12,0000,0000 MT (Twelve million metric tons)
PRICE: US$ 44.00 Per Barrel .
PAYMENT TERMS: Irrevocable Confirmed Documentary Transferable Divisible LCs. To Each party separately.
VALIDITY OF THIS OFFER: Until Crude AvailabilityNORMAL PROCEDURES:1. The Buyer sends to the Seller a Letter of Intent (LOI) and a RWA Letter (Ready, Willing and Able Letter) issued from the Buyer��s Bank;
2. An NCND and MFPA Agreement will be circulated, and executed for all involved parties
3. In response to the Buyer��s Letter of Intent (LOI), the Seller issues a Full Corporate Offer (FCO)
in favor of the Buyer;
4. The Buyer returns the Full Corporate Offer signed and stamped accepting price and terms of sale;
5. The Seller approves and sends a Draft Contract with a Draft of the Financial Payment Instrument;
6. The Buyer approves and sends the signed and stamped Draft Contract;
7. The Seller returns the signed and stamped Contract;
8. The Buyer opens the Financial Payment Instrument (FFSLC) or the BG (Bank Guarantee);
9. The Seller opens the initiates 2% Performance Bond and notifies the Buyer;
10. The shipment starts as per Contract Terms.If interested please contact to:
Skype. ajcrooks
mail allanbv @ gua . n