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Light crude oil for sale


1 million barrels 

Light crude oil

Iraqi document 

Qq report already attached and tanks are sealed 

Discount minus $9 net to buyer

Sts only possible

Transaction Procedure:

1.Seller sends his Proforma Commercial Invoice(PI) via electronic mail to the Buyer 

2.Upon receiving Buyers signed Proforma CI,Seller submits the loaded vessel 

3.Seller sends the mail to Saybolt to get the Q & Q report verified by keeping buyer in the copy. On successful verification, Seller releases the Final Commercial Invoicefor Buyer to make the payment to the Seller’s Account mentioned in the Final Commercial Invoice. Buyer releases the payment to the Seller’s Account and immediately submits Q88 of their vessel to Seller. The vessel shall be Suezmax of 1 Mln bbls. 

4.Immediately upon confirmation of the vessel acceptance the master of the Buyers vessel sends NOR and ETA to the master of the Seller Vessel and shipping agent to enable them to arrange all necessary permits and infrastructure for transshipment and move the vessel to the agreed position.The Mother and Daughter Vessel connect for the STS Operation.Title shall be automatically transferred to the Buyer and product will be trans-shipped to the Buyers vessel. The Buyers vessel sails to the Buyers discharge port. 

All other deliveries, if any, will be executed in accordance with the above procedure.

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