We need the following information in BUYER'S LOI:
Location of the Product (Country)
Product’s owner (Company Name)
Type of crude oil (API Gravity) and assay (supply)
Contract length and extensions
INCOTERMS, FOB/CIF ASWP
PRODUCTS DESIRED WITH THE REFINING, ASSAY (PROVIDE) AND DESIRED QUANTITIES OF EACH PRODUCT.
DELIVERY PRODUCTS FOB / CIF? IF CIF, WHERE?
JOINT VENTURE IN THE REFINING OR PAYMENT BY REFINING?
WOULD BE INTERESTED SIMPLY IN THE SALE OF CRUDE OIL, FULLY? IF POSITIVE, WOULD DISCOUNT ON WTI BASICS? HOW MUCH?