13 May 2013 10:10 [Source: ICIS news]
SINGAPORE (ICIS)--Indian Oil Corp (IOC) has sold by tender a naphtha cargo of 35,000-40,000 tonnes for loading from Dahej on 30 May-1 June, traders said on Monday.
The buyer was Japanese firm Marubeni, which paid a premium of $27.00/tonne (€20.80/tonne) to IOC pricing formula FOB (free on board) for the cargo, they added.
In an earlier tender, IOC sold a 20,000 tonne naphtha cargo for loading from Kandla on 8-10 May as well as a 10,000 tonne naphtha cargo for loading from the same port on 14-16 May. Trading firm Vitol was the buyer and the deal for the cargoes was done at a premium $36.30/tonne to IOC pricing formula FOB.
In the same tender, IOC also sold 35,000-40,000 tonnes of naphtha to Total for loading from Dahej on 14-16 May, at a premium $36.15/tonne to IOC pricing formula FOB.
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