02 October 2012 03:26 [Source: ICIS news]
The buyer was energy major Shell, which paid a premium of $22.00/tonne (€17.20/tonne) to Middle East quotes FOB (free on board) for loading from Mumbai on 15-22 October, they said.
“This is a partial cargo,” said one trader.
He added that the buyer would have to load the cargo with another cargo so that the volume would be increased to fit a medium-range vessel which can carry 30,000-35,000 tonnes of naphtha or a long-range vessel with a capacity of 50,000-75,000 tonnes.
($1 = €0.78)
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