Description

2. ORIGIN: Russian Federation or CIS countries, at Seller’s option 3. QUANTITY: 1, **0, **0 (Million) MT per month (+/- 5%) (*2M/MT per Year) 4. TERM: TWELVE (*2) months, with rolls and extensions to Sixty (*0) months. 5. DELIVERY: INCOTERM ***0 Latest Edition FOB Rotterdam delivery basis at the Buyer’s port of discharge. 6. UNIT PRICE: Gross USD $**0.*0/MT (Four Hundred Sixty) U.S DOLLARS) and Net USD$ **0.*0/MT (Four Hundred Fifty) U.S. DOLLARS). The price to be paid shall be based on the loaded quantity of Crude Oil for each shipment based on standard Metric Tons for “CARGOES FOB NWE BASIS ARA”. The applicable currency in respect of payment for the Cargo shall be United States Dollar (USD). The price shall be fixed for the duration of the *2 (twelve) month period. And re negotiated thereafter.