Indian Oil offers 30,000 tonnes naphtha for early June loading

15 May 2013 08:26  [Source: ICIS news]

SINGAPORE (ICIS)--Indian Oil Corp (IOC) is offering by tender a 30,000 tonne naphtha cargo for loading from Kandla in early June, traders said on Wednesday.

The loading dates are 3-5 June, they added.

The tender closes on 15 May, and bids would stay valid until 16 May, traders said.

In its previous tender, IOC sold a naphtha cargo of 35,000-40,000 tonnes for loading from Dahej on 30 May-1 June. 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.

In an earlier tender, IOC sold a 30,000 tonne naphtha cargo to Total for loading from Kandla on 23-25 May, at a premium of $24.00/tonne to IOC pricing formula FOB.

($1 = €0.77)

By: Felicia Loo

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