We confirm that our Seller is are ready willing and able to supply the following commodity as per terms

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We confirm that our Seller is are ready willing and able to supply the following commodity as per terms Powered By Docstoc
					                        Soft Corporate Offer
We are contacting your company as an appointed Direct Agent and sole representative of
the allocation holder to arrange the agreement with American refineries how are interested
to buy the 40,000,000 Barrels of Basra Light Crude Oil upon SOMO general conditions, the
Sellers, we currently represent. This would include the following petroleum allocation listed
below and other available allocation. We confirm that our Seller is are ready willing and
able to supply the following commodity as per terms, quantity and prices below”



IRAQI CRUDE OIL

PROCEDURE

1- BUYER SHOULD BE THE OWNER OF A REFINERY

2- BUYER SHOULD SHOW CERTIFICATE OF REGISTRATION

3- BANK COMFORT LETTER, (BCL).

4- BUYER SHOULD SUBMIT ICPO -- ADDRESSED TO SOMO--WITH FULL
BANKING

DETAILS

5- IF THE BUYER IS NOT REGISTERED, WE WILL DO THE REGISTRATION. IT
WILL TAKE 2 DAYS

6- BUYER & SELLER WILL BE INVITED TO MEET IN AMMAN - JORDAN OR
BEIRUT LEBANON FOR CONTRACT SIGNING.

Product: BASRAH LIGHT

Specification: Standard Export Quality API 34- 35
SPECIFICATIONS
BASRAH LIGHT CRUDE OIL SPECIFICATION
API GRAVITY: 33.34
SEDIMENT CONTENT: 0.1
ASTM STABILIZED GRAVITY: 34.5
WAX-WT PERCENT: 2.9
VANADIUM ppmV200: 11.0
GROSS HEATING VALUE: 19.23
REID VAPOUR PRESSURE: 2.0
SALT CONTENT, PPM NaCL: 3.8
SULPHUR, WT PERCENT: 1.5 MAX ASH,
PPM: 100.0
COMP. CARBON RESIDUE, WT PERCENT: 3.1
VISCOSITY, CP: 55.0
POUR POINT: 35.0
Origin: IRAQ
Quantity: 40 MM barrels (+/-5%)

Duration: 12 months with possible Rolls & Extension up 36 months.
INCOTerms: FOB

Prices: Dubai Platts Oil market Wire Published Posted Prices, based on three (3)
days average on Dubai Platts .
      Fax or E-mail copies of this signed document are regarded as original and good for any legal purpose
Discount: USD 7.00 /bbl. Net to Refinery (real buyer)

Loading Ports: BASRA/ IRAQ

Inspection: Quality and Quantity by SGS or Equivalent at SELLERS cost at port

of loading.


Proof of product: (POP+POF) Bank to Bank .
Payment Terms:

The Payment for each cargo shall be effected by means of an Irrevocable,

Confirmed, Documentary, Revolving, Unconditional, Letter of Credit to cover

100% of each shipment clean and clear USD from Top 25World Bank.




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posted:6/13/2012
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