شرایط عمومی
  1. Applicants must deposit 6% of the order’s value as a prepayment in Iranian Rial or foreign currencies before the start of trading.
  2. Regarding the qualification of participants, being capable of paying the prepayment in clause 1 is the only qualification criterion and purchase by all domestic and foreign companies is unrestricted.
  3. The destination for purchased crude oil is limitless and export to all countries except the occupied territories of Palestine is allowed.
  4. Minimum cargo size for sea delivery is 35,000 bbl and for land delivery is 1,000 bbl
  5. Delivery period will end latest by 90 days after the trading date and Buyer is obliged to lift the cargo within this period according to the procedure mentioned in supply announcement.
  6. For payment/settlement, a provisional invoice will be issued in Iranian Rial or US Dollar format with a value equal to 100 percent of the cargo value, ten days prior to the first day of cargo loading date range. The Buyer is obliged to pay this provisional invoice in cash or through credit procedure into the bank account declared by CSDI or NIOC out of clearance of CSDI.
  7. In case of credit settlement, Buyer(s) must clear the cargo value based in the agreed method latest by 90 calendar days after cargo loading-B/L date.
  8. Delivery type and point in case of sea delivery is FOB Kharg terminal or via ship to ship operation, in case of land delivery for crude oil is the oil tanks of Tabriz Refinery and for gas condensates is the oil tanks of the Persian Gulf Star Refinery

Saturday, March 09, 2019

Introduction:

In order to diversify oil sales procedures and expand private sector’s participation in this business, the National Iranian Oil Company is supplying crude oil, gas condensate and other petroleum products to Iran Energy Exchange. Accordingly, the National Iranian Oil Company considers “continuous and regular supply in the long term” as its most important duty, the information of which will be announced through this website.

It is noted that current supply framework is based on the approvals and permissions issued by legal authorities and the gradual improvement of this framework, based on the market needs and subject to the possibility of obtaining relevant legal permission, is on the agenda of the National Iranian Oil Company.

The process of purchasing crude oil and gas condensate in the energy exchange 

The full details of each supply will be found in the supply announcement document available here.

 
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