Starr Engineering Associates

BASRA SWEET CRUDE, SLCO,D2, JP54, BLCO, FLCO,BITUMEN, MAZUT-M100/M75, CST 180, COAL 20% LIftable QTY, Acccept Major Procedures , Spot, Rolls & Extensions Major Procedure Crude Delivery: Delivery Term: DES Rotterdam Out-Turn-Barrel Discount to be based on North Sea Brent (NWE) Payment against Out-Turn-Barrel by T/T secured by a coverage letter of a European major The term "DES" has recently been replaced by the term "DAT" (Delivered at terminal). The Buyer  replies only to professional offers. Buyer will require: 1- a FCO from the seller accompanied by 2- A Partial POP 3- And accompanied by Bank Letter (Prime Bank)   stating the seller holds the funds available to issue a 2 % PB. 4- The PB doesn't need to be issued yet but a   bank letter is needed to understand that the     seller has enough funds to issue the PB in case we move into contract. 5- The payment will be by T/T against out-turn-barrel and will be secured by a coverage letter by us a leading European major.