1. Volume : Four Million bbl / Per Month, Contract term of 12 months + R & E.
Trial Shipment : 1,000,000 bbl
Contract Phase : 1,000,000 bbl per week
2. Terms : FOB Buyers Vessel, Sellers US GULF Sellers Port(s) of Loading
3. Price : WTI - US Gulf Coast Platt (PCACG00) - $1.00 per bbl.This pricing is net to Buyer is for both the trial and contract volumes.
4. Commissions : To the account of the Seller / $1.00 per bbl.
5. Product As set out in / Attachment A.
General Commercial Terms & Procedures :
1. Buyers preferred procedures are set out in / Attachment B.
2. Please note, procedures are somewhat negotiable, they must be a good fit for both Parties.
Contractually we will not work with IOLTA accounts, Escrow Accounts or Letters of Attestation.
Buyer Code : (TONNHAUG.NO-09.05.19E&G)
In closing, I look forward to your acceptance and to proceeding to a successful closin
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