CJSC Belarusian Oil Company has postponed for June 21, 2016 the tender of commercial bids for long-term sales of Vacuum Gas Oil of Naftan OR production and has amended terms of realization regarding the delivery period: July 2016 – June 2017.».
CJSC Belarusian Oil Company has complemented the terms of the open tender of commercial bids for selling VGO produced by OJSC “Naftan” regarding quality option and basic quotations of Platt’s agency applied in pricing as follows:
The quality of the Goods to be sold corresponds to Appendix 1 “Standard Basic Specification”.
The Goods with the quality consistent with Appendix 2 “Improved Specification” can be purchased with prior OJSC Naftan agreement provided that the price/correction is improved in comparison with the Standard Basic Specification. Should that be the case, the tender applicant shall submit 2 bids: one for the Goods consistent with Appendix 1 and the other one for the Goods consistent with Appendix 2.
The basic quotations: Platts quotations published in Platts European Marketscan – average of average quotations of a quotation day rounded to the second decimal,
-VGO 2% quotations from Cargoes CIF NWE/Basis ARA and Barges FOB Rotterdam;
-Brent Dated oil quotations (with one metric ton of a respective Brent oil density being equal to 7.52 barrels)
The correction stated in a bid to VGO 2 % quotations or Brent Dated quotations shall be in US dollars/t.
On June 21, 2016 CJSC Belarusian Oil Company is holding an open tender of commercial bids for long term sale of Vacuum gasoil produced by OJSC Naftan:
||Up to 30 000 tons monthly -5/+100% of agreed monthly lot Seller’s option
( total quantity up to 360 000 tons -5/+100% Seller’s option )
|July 2016 - June 2017||
(without the right of transshipment in ports);
tanker lot up to 15 000 tons ±10% in the Seller’s option;
tanker lot up to 55 000 tons ±10% in the Seller’s option;
(via a.m. ports and terminals).