LIGHT CYCLE OIL (LCO)
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Explanation
COMMODITY: RUSSIAN LIGHT CYCLE OIL (LCO) ORIGIN: RUSSIA FEDERATION QUANTITY: 50,000 MT FIRST TRIAL SHIPMENT & 100,000 MT X 12 MONTHS WITH R&E PRICE CIF: $195.00 USD GROSS/$185.00 USD NET PER MT PRICE FOB: $185.00 USD GROSS/$175.00 USD NET PER MT LOADING PORTS: PRIMORSK/KOZMINO/VLADIVOSTOK/NOVOROSSIYSK DELIVERY: FOB ROTTERDAM/ ASIAN COMMERCIAL SEA PORT & CIF ANY SAFE WORLD PORT (ASWP) PAYMENT TERMS: DLC/SBLC/MT 103/TT FOR THE VALUE OF THE GOODS INSPECTION: SGS/CIQ OR EQUIVALENCE AT BOTH LOADING AND UNLOADING PORTS PERFORMANCE BOND: 2%PB PAYABLE BY SELLER AGAINST BUYER’S DLC INSTRUMENT ONLY CIF CONTRACT INSURANCE: 110% INSURANCE COVERAGE OF THE PRODUCT PAYABLE BY SELLER TO COVER THE PRODUCTS FROM RUSSIAN PORT TO BUYER’S NOMINATED DISCHARGE PORT ONLY CIF CONTRACT COMMISSION: $10.00 USD PER MT TO BE SHARED 50/50 BY BOTH SIDES
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