Buy Crude Oil

Buy offer Details

The buyer is a Dutch trust and by law in the Netherlands a Trust cannot solicit write out an LOI or ICPO but they will sign a FCO in accordance with these proceduresfor light crude

Delivery Term : CIF Rotterdam out-turn-barrels (or DES).

Discount to be based on North Sea Brent (NWE)

Payment against out-tun-barrel by T/T secured by a coverage letter of a European major



You are dealing here with the commercial arm of a leading European multinational producer located in the Netherlands
payment method is the best (coverage letter of a multinational )

Of course the BG funds remain at the buyers own bank account until somebody cashes in the BG. If the seller ask the BG for financial security then you can tell them that instead of a BG a coverage letter of a leading European major can be issued and this as you know is much stronger than any BG.



When they return with a professional offer DES Rotterdam terms for crude oil we will think about it.

Partial POP + bank letter for the PB should be attached.


It would behoove you to present me to the seller with a SCO in accordance to the above procedures i will then present him directly to the SVP via e-mail and phone
Thank you

al


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