Petroleo crudo 16 api

PRODUCT: VENEZUELAN HEAVY CRUDE OIL.
(16 API)
ORIGIN: Venezuela. Product already in vessel in Asia ready for delivery.
QUANTITY: 8.000.000 BBL per month x 12 months contract.
UNIT: Barrels (BBL)
PRICE: Brent minus $8 USD / BBL
TERMS: CIF Cost, Insurance and Freight
PAYMENT METHOD: Contract - Standby Letter of Credit (SBLC) irrevocable,
transferable, revolving, divisible and operative confirmed issue by a
Top 25 bank for the value of first shipment and subsequently
activated for each delivery for the duration of the full contract period
to seller's bank. Payment at port of destination per each shipment
as per commercial invoice against SGS report and shipping
documents on a bank-to-bank basis.