Crude Oil Discounts – BLCO

The discounts for our various delivery basis are below.

TTO: Please see SPA

FOB: The price to be paid shall be based on the loaded quantity of Crude Oil for each shipment based on standard barrels and under “Dated Brent” as in the Platt’s Oil gram Report.  The applicable currency in respect of payment for the Cargo shall be United States Dollar (USD).  The price shall be calculated on the three (3) days average mean quotation, one day before the date of loading,  the day of  loading, and the day after day of loading. The Discount to the Buyer shall be Gross (US$10.00 Dollars) per barrel gross below DID Brent. / Net US$ (6.00 Dollars), while US$4.00 to the Brokers.

CIF: The price to be paid shall be based on the loaded quantity of Crude Oil for each shipment based on standard barrels and under “Dated Brent” as in the Platt’s Oil gram Report.  The applicable currency in respect of payment for the Cargo shall be United States Dollar (USD).  The price shall be calculated on the three (3) days average mean quotation, one day before the date of loading,  the day of  loading, and the day after day of loading. The Discount to the Buyer shall be Gross (US$10.00 Dollars) per barrel gross below DID Brent. / Net US$ (5.00 Dollars), while US$5.00 to the Brokers.