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SLCO offer from ARAMCO 041712c0609

Seller side is CLOSED : 1.5%
Buyer’s facilitators side : 1.5% /3
Buyer’s Intermediaries side is Open and begin by YOU : 1.5% / 3
Buyer’s Mandate side Totally OPEN: 1.5% / 3

1. Product: SLCO
2. Origin: Kingdom of Saudi Arabia
3. Quantity: 5 Million bbls per Month
4. Term Of Contract: 12/60 Months
5. Price – Dubai Platts Minus 13% Gross – 10%Net
6. Commissions: – 3 % per MT – 1,5% to seller’s side intermediaries
7. Specifications: Standard Export Specs.
8. Delivery: CIF Rotterdam
9. Payment: BG for 1 Month.
10. Inspection: SGS.OPERATION

PROCEDURES:
1. END-BUYER sends LOI with bank coordinate
.2. END-BUYER sign NCND and IMFPA if there are intermediaries
3. END SELLER issues a DRAFT CONTRACT and sends to END-BUYER
.4. END-BUYER makes his amendments signs and sends back to END-SELLER.
5. If END-SELLER agrees with the amendments of the END-BUYER, END-SELLERMakes HARD COPIES of the CONTRACT.
6. END-SELLER and END-BUYER lodge the contract to their RESPECTIVES BANKS.
7. Buyer bank request from seller bank confirmation of POP availability and PB
8. END-BUYER opens BG for 1.0 Month.
9. End-SELLER sends POP to the END BUYER BANK to BANK
10. Shipment commences as per contract
11. This offer is valid for one week.