Slco quantity 40m barrels per month, for 12 months with possibility rolls and extension. Terms of supply: FOB Price FOB: Based on 3 day Dubai platt. Procedures: 1. Seller issues fco. 2. Buyer accepts fco confirmed by signed and seal the fco, then reply with icpo to include full banking details, aramco registration number if applicable for refineries, letter of authority to represent refinery to aramco and arrange for contract allocation, confirmation of funds letter (annexure iii) and letter of authority to verify. 3. Seller issues draft contract for buyer\'\'s review. 4. Buyer sign, seal and return the signed contract for the seller to sign. 5. After verification by the seller, the seller issues 6 hard copy orignals and sends to buyer via DHL. 6. Buyer signs hard copies and return 3 copies to the seller via DHL not later than 5 banking days. 7. Buyer\'\'s bank confirms by swift MT 760 to the seller\'\'s bank, their readiness of opening BG (format >>>>> 458/500/annexure i) for 3 months off take qty (120 M barrels/value usd$x, xxx, xxx, xxx). 8. Seller sends POP to buyer\'\'s bank (bank to bank) in the form of allocation number and detail thereof from aramco. 9. Buyer issues BG of PRO rata basis of release of contract allocation(s) from aramco. 10. Seller issues counter guarantee equivalent to usd$x, xxx, xxx, xxx face value in favor of buyer within 7 banking days of authentication and successful verification of the financial instrument provided by buyer. 11. Cargo delivery as per contract.