1-Minimum purchase volume (LOT size): 35,000 bbls
2-The destination for purchased crude oil is limitless and export to all countries except the occupied territories of Palestine is allowed.
3-Payment/settlement procedure can be done in 3 ways:
-20% of cargo’s value in Iranian Rial by full cash
-80% of cargo’s value in US dollar or other foreign currencies through credit procedure
- Full cash in Iranian Rial
- 6% of order’s value in cash and rest of parts can be paid out of clearance
4-Buyer should deposit 6% of order’s value in accounts announced by CSDI in Iranian Rial or in accounts announced by NIOC out of clearance of CSDI, before the start of supply trading date.
5-The exchange rate is based on the average daily sale and purchase price of USD on the SANA website. (SANA exchange rate quoted on www.sanarate.ir)
6-Purchase by all domestic and foreign companies is unrestricted.
7-Upon the request of Buyer and subject to the approval of NIOC, crude oil can be delivered on land from the Tabriz Refinery crude oil reservoirs and gas condensate can be delivered on land from Bandar Abbas oil products storage tanks.