10 October 2012 07:59 [Source: ICIS news]
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The deal for the cargo was done at a premium of $30.00/tonne (€23.40/tonne) to IOC pricing formula on a FOB (free on board) basis for loading on 25-27 October, they added.
The buyer was trading firm Glencore, traders said.
In its previous tender, IOC sold a naphtha cargo of 35,000 tonnes to PetroChina for loading from Chennai on 15-17 October, at a premium of $38.88/tonne to IOC pricing formula.
($1 = €0.78)
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