03 August 2012 04:57 [Source: ICIS news]
SINGAPORE (ICIS)--Qatar International Petroleum Marketing Co (Tasweeq) offered by tender late on Thursday spot full-range naphtha, plant condensate and gas-to-liquids (GTL) naphtha for September delivery, traders said on Friday.
The three parcels, which will be shipped in the last 10 days of September, will be priced on a naphtha FOB (free on board) ?xml:namespace>
The full-range naphtha and plant condensate will each be loaded in lots of 50,000 tonnes from Ras Laffan port, and the 25,000-30,000-tonne GTL naphtha parcel will be lifted from the same port, the traders added.
In addition to prices being quoted on a FOB basis, buyers are also allowed to submit their bids on a CIF (cost, insurance and freight), CFR (cost and freight) or DES (Delivered Ex Ship) basis, they said.
The port of destination has to be provided for prices quoted on a DES basis, the traders added.
Submission of bids will close at 10:00 GMT on 13 August and the bids will be valid until 10:00 GMT on 16 August, they said.
Tasweeq had previously closed its August spot sales in mid-July at a premium of $24-27/tonne (€20-21/tonne) to Middle East FOB (free on board) quotes for similar-sized cargoes of full-range naphtha and plant condensate.
($1 = €0.82)
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