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Dear Sir,My Buyer needs BLCO 4M bbl per month FOB and wants to receive for the beginning Sellers SCO according form below:DRAFT[LETTERHEAD _][DATE]OFFER OF _ TO SINOPEC PRODUCT:Crude OilQUANTITY:Up to 4 million barrels per month for 60 months with rolloversSPECIFICATION:Attached DELIVERY:FOB _ PortPRICE:The price of crude oil will be calculated in U.S. Dollars per barrel on the basis of Platt’s _, calculated per each delivery, minus a discount of _ US$/bbl INSPECTION:Quality and quantity by SGS or equivalent at Seller’s cost at port of loadingPAYMENT:Irrevocable, Letter of Credit confirmed and issued by a prime bank in the amount in US Dollars corresponding to the total value of each shipment or monthly value of shipments. Each letter of credit shall be payable in two tranches, the first payable to _ and the second to _. The two accounts will be reflected in the sales contract. PB:2% Performance Bond, by SellerSubject to Final Agreements