From: saharathunder <[email-masked]>
To: <[email-masked]>
Cc: <[email-masked]>, <[email-masked]>, <[email-masked]>
Date: Sun, 23 Oct 2022 11:41:22 +0330

Refence: 1401/60/05/3087/026 
Date: 2022/10/23

Subject: Determining the Discount Factor (K)

To: PDVSA

Attention: His Excellency Colonel Antonio Jose Perez Suarez

Dear Sir,
 
   With reference to the RECAP signed between PDVSA and Sahara Thunder and its Annex A (Price Negotiation) dated 10th AUG 2022 with the subject of Sale and Purchase of 2,000,000 barrels Merey 16 Crude Oil lifted by MT WON on 3rd SEP 2022, Sahara Thunder hereby provides the breakdown of all relevant cost and expenses for selling this cargo in the target market in order to determine the required Discount Factor (K) mentioned in Annex A. 

Item No. 

Description

Cost (USD/BBL)

1

Discount to End Users in China - DDU Basis

35.00

2

Freight Cost from Venezuela to China

12.00

3

Management Fee

1.00

4

Documentation Fee, STS Cost, Shortage Value, Operation Cost

1.00

5

Storage Charges and Port Cost

1.00

TOTAL

50.00
 
Based on the breakdown provided in the above table, the required Discount Factor (K) is USD 50.00 per BBL.
 
Bests
TONDAR SAHRA
 
 P.S.: For this cargo please ONLY contract with below emails:
[email-masked]
cc: [email-masked]
      [email-masked]