PetroChina International Singapore has offered the lowest commercial price in a
According to an evaluation report issued by PLL on Wednesday, four international commodity supplier including Gunvor Singapore,
As per details, the offer of PetroChina International Singapore was at 8.59 per cent of Brent crude oil price, while Gunvor Singapore offered 8.68 per cent of Brent crude oil price,
Earlier, PLL floated a spot tender for procurement of a cargo in
Similarly, PLL was to evaluate each commercial offer based on the lowest percentage of Brent (as defined in section 4.7.1 of the bid document) offered by any compliant bidder for that LNG cargo. Moreover, delivery of the first LNG cargo will be on
According to bid documents, PLL shall have the right at any time to cancel this tender process or to reject all bids in accordance with Rule 33 (1) of PPRA Rules. In case of cancellation of the tender process in whole, the bid bond will be returned to the bidder within five business days of such cancellation without any interest or accrual thereon. Similarly, the bidder was required to provide the expected identity of the relevant loading port along with seller's facilities and the expected departure date of the LNG carrier from the loading port (as defined in the MSPA). Likewise, it was necessary for the bidder to provide the name of the LNG carrier it proposes to use for the delivery of the LNG cargo, its dimensions and volumetric cargo capacity, the applicable boil-off rate and the heel the bidder is proposing to retain after unloading of the LNG cargo.
'The Bidder shall confirm to PLL in writing the final location of the loading port, the identity of seller's facilities and departure date from the loading port of the LNG carrier proposed to be used to transport that LNG cargo,' said the bid document.
Bid document further discloses that delivery of LNG cargo would be made at the PGPCL terminal (LNG) at Port Qasim, or on any other terminal as would be advised by PLL.
© Pakistan Press International, source