27 January 2012 08:09 [Source: ICIS news]
SINGAPORE (ICIS)--Indian Oil Corp (IOC) has pushed back the closing date for its tender offer of two base oil cargoes, totalling up to 10,000 tonnes, by more than a week to 1 February, traders said on Friday.
The tender was supposed to close on 23 January, but participants were not able to submit bids because of the Lunar New Year holiday in ?xml:namespace>
The extended submission date will delay the delivery of the first cargo, comprising 2,000-2,500 tonnes of SN500, 1,500 tonnes of 150N and 1,000 tonnes of 500N base oils to 7-10 March from 22-25 February, previously.
The second cargo, which consists of 2,000-2,500 tonnes of SN150, 1,500 tonnes of 150N and 1,000 tonnes of 500N, is due for delivery on 14-17 March, traders said.
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