As a Direct Agent to Petróleos de Venezuela, S.A. (PDVSA), we confirm that PDVSA is ready willing and able to supply the following commodity as per terms and conditions below. No brokers please.
Product: Diesel. D2
Quantity: Up to 500,000 MT. Multiple contracts possible after first successful delivery and payment are completed.
Contract Duration: Twelve (12) months with rollovers as agreed upon by both parties. Extension up to sixty (60) months is possible.
Inspection: By SGS or equivalent Survey company
Confirmation: The order is confirmed after the Seller receives and accepts the IRREVOCABLE CONFIRMED PURCHASE ORDER (ICPO) or LETTER OF INTENT (LOI) & RWA BANK COMFORT LETTER (BCL) from the Buyers bank. BCL must be signed by a Bank Officer on Bank Letterhead, and sent to the Seller. ICPO or LOI with full banking info and soft probe authorization (SPA) may be acceptable.
Buyers Documentation: Permit to Import, Signed End User Allocation and Import License from the authorities to enter the Terminal. Other TBD.
Price (Fixed): US$656 / MT CIF
Terms of Delivery: On contracts after initial allocation. Posted from US - Nevada on 7 June, 2008
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