FSCO FTNX SPECIFICATIONS AT FTNX BUY PRICE
API GRAVITY: 38 DEGREES OR BETTER
SULPHUR: 0.45% OR BETTER
Specific Gravity : 0.835
Quantity : 80-100,000 MT Per Delivery Per Month
Minimum Delivery 1 Year : 8 up to 24 MT
SEMI FIXED PRICE CONTRACT: FUTURE
Mitigation Factor: US$5.00 per MT
Delivery : FOB POL
Delivery : CIF :@10,000 N/m or
Paradip, Mundra, Mumbai, Visakhapatnam , Mangalore or Chennai INDIA
Insurance : Class ‘A” 110% all risk cover.
Payment : At sight DLC
Sourcing supply Validity/ Assurance: 6 months or more
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1 Shipment delivery as it falls per delivery 15th day of the month 12.01 PM AEST
And every 30 days thereafter - stringed shipments
BBL to MT factor 7.55 average
Per each API unit lower: Deduct: US$ 0.90 MT
Per each API unit higher add: US$ 1.10 MT
Per higher Sulphur : Deduct US$ 1.00 MT
Per each unit lower Sulphur: Add US$ 0.80 MT
Port depth POL and or POD dictates quantity
Products bearing sanctions with: USA, EC, AUSTRALIA not accepted.
All factor are general subject to final offer.
Loading many not commence until final offer is accepted, subject to final contract issuance.
ICC UCP and URC and well as International trade laws apply.
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Date of Offer: 21 Jan 2025 @ 80,000 MT
FTNX BUYS AT
At FOB Incoterms: US$ 653.88 MT
AT CIF: US$ 653.88
Freight: US$ 38.00 per MT
Insurance : 3.38 per MT
TOTAL CIF:US$695.26 MT<br>
NOTES:
Not including Suez / Panama Canal crossing fee
Next change: Brent at US$85.01 FSCO rise of US$5.00 per MT
Next change : Brent at 75.00 FSCO Falls by US$5.00 per MT
Aramco contract not accepted.
Transhipments : No allowed.
Sourcing: OTS via USCT/SPCT allowed
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