28 April 2008 04:08 [Source: ICIS news]
The tender, which offered the cargo to be lifted from its Kandla refinery over 18-21 May, was awarded at a premium of $7/tonne to Middle East quotes FOB (free on board) Kandla. The buyer is said to be a Middle Eastern trader.
The tender had closed on 24 April and was valid till 25 April.
The new price was much higher that the earlier cargo, which IOC sold at a premium of $6/tonne to Middle East quotes FOB to a western trader for loading in the first half of May from Kandla.
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