Crude Oil Conditions of Sales (CoS).
The conditions of sales (CoS) constitute part two of StatoilHydro's sales contracts. Specific provisions agreed between buyer and seller form part one of such agreements.
From the 1st day of October 2007 Statoil ASA (formerly Den norske stats oljeselskap a.s) has changed its name to StatoilHydro ASA. With the exception of this change of name, the sales terms remain otherwise unchanged.
CIF OFFSHORE = crude oil sales CIF Offshore.
CIF/C&F TERMINAL = terminal crude oil sales CIF/C&F.
DELIVERED OUTTURN = crude oil sales delivered outturn
(= DES Delivered Ex Ship)
FOB/FIP TERMINAL = terminal crude oil sales FOB/FIP.
Published 2007-09-14, 12:32 CET | Updated 2008-06-09, 13:33 CET
