Americana Petroleum Company

Crude Oil Contract Offers

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Sample : FULL CORPORAT OFFER Commodity: Saudi Light Crude Oil. Quality: Specification as per the attached Appendix. Quantity: 1 Million MT per month with possible rolls and extention contract for 8 years. Starting Shipment: with 500.000 MT per month for the first quarter 3 months delivery, the second quarter 3 months delivery - 750.000 MT per month, the third quarter delivery ? 1 million MT per month till end period of contract. Delivery: CIF North American Port Price: Platt Dubai. Discount: Gross US$ 2.50/Barrel, Net to buyer US$ 2.20. Commission: US$ 0.30/Barrel. Payment: Irrevocable revolving DLC. Performance Bond: 2% of L/C value. Validity: as stated PROCEDURE: 1- Buyer Sends documentations with credentials and requirements 2. Seller issues FCO 3- Buyer accepts FCO and issue ICPO with full banking details and refinery`s name and registration number . 4- Seller present POP certificates to Buyer on a bank to bank basis. 5- Seller sends Draft sales agreement to the Buyer. 6- After mutual satisfaction Buyer and Seller sign the hard copy of the sales agreement. 7- Buyer issues inoperative LC stipulating automaticaly opereative with PBG 8- Seller issues 2% PBG. 9- LC activated 9- Shipping for the first quarter commences within 45-60 days. QUALITY CERTIFICATE API Gravity 33.34 Sediment Cintant 0.1 Astm Stabilised Gravity 34.5 Wax-wt percent 2.9 vanadium PPM V200 11 Gross heating value 19.23 Reid vapour pressure 2.0 Salt content PPM Nacl 3.8 Sulphur wt recent 1.0 max. Comp. Carbon Residue Wt. percent 3.1 Viscosity cp 55.0 Pour point 35.0




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