Product: S. L. C. O. Oil Specifications: Standard Export Quality Origin: The Kingdom of Saudi Arabia Quantity: 5, 000, 000 up to 10, 000, 000 bbls per month per 36-60 months with R & E Delivery: FOB Price: Dubai plats (Asian destination) Gross Discount: USD 7. 00 per barrel Net to the Buyer: USD 5. 00 per barrel Commissions: Buyers side USD 1. 00 / barrel Sellers side USD 1. 00 / barrel Inspection: SGS Payment: Irrevocable, operative and NON transferable, assigned and confirmed automatic revolving documentary letter of credit (RDLC) issued by a prime world bank. Performance Bond: A 2% Non Operative Performance bond of the total contract amount issued by the seller to the buyers bank once received the RDLC.