08 November 2012 09:23 [Source: ICIS news]
SINGAPORE (ICIS)--Indian Oil Corp (IOC) has sold by tender 35,000-40,000 tonnes of naphtha for loading from Dahej on 28-30 November, traders said on Thursday.
The cargo, which was sold to the State Trading Organisation (STO) of Maldives, was done at a premium of $48/tonne (€37/tonne) to IOC pricing formula FOB (free on board), they said.
In its previous tender, IOC sold 30,000 tonnes of naphtha for loading from Kandla in on 18-20 November. The buyer was Cargill and the deal for the cargo was done at a premium of around $38/tonne to IOC pricing formula FOB (free on board).
($1 = €0.78)
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