Subject: RE: NOTICE: K FACTOR VALUE // PRICE AGREEMENT // SPOT SALE - FOB // 1,9MBBLS - MEREY 16 CRUDE OIL // AUGUST 2022 // TONDAR SAHRA.
From: saharathunder <[email-masked]>
To: <[email-masked]>, <[email-masked]>, <[email-masked]>
Cc: <[email-masked]>, <[email-masked]>, <[email-masked]>
Date: Mon, 7 Nov 2022 11:53:01 +0330

Dear colonel Carlos Suárez
With greetings and respect

As agreed, the final cost of selling the cargo is based on the open book and it is necessary to apply up to the contractual discount and the rest is covered by your counter part.

Therefore, it is requested to confirm the excess expenses for the next steps.
 
Bests RegardsTONDAR SAHRA

----- Original Message -----
 From: CARLOS SUAREZ [mailto:[email-masked]]
 To: "saharathunder" &lt;[email-masked]&gt;, &lt;[email-masked]&gt;, &lt;[email-masked]&gt;
 Cc: [email-masked], [email-masked], [email-masked]
 Sent: Fri, 4 Nov 2022 13:45:27 -0400
 Subject: NOTICE: K FACTOR VALUE // PRICE AGREEMENT // SPOT SALE - FOB // 1,9MBBLS - MEREY 16 CRUDE OIL // AUGUST 2022 // TONDAR SAHRA.

Dear Excllencies of TONDAR SAHRA,
Please receive a cordial greeting from PETRÓLEOS DE VENEZUELA, S.A.

We want to notify that in view of the fact that PDVSA PETRÓLEO, S.A., did not receive within the agreed term ( up to November 02, 2022) the discount proposal (K factor), which shall be applied to the sale of 1,900,000 barrels of Merey 16 crude oil according to the terms and conditions contained in RECAP # GCR-VO-D-22-109 , we shall proceed to apply what is established in the price agreement signed between the parties, where it is mentioned that the discount shall be between a minimum of minus (-) 26. 00USD/BBL and a maximum of minus (-) 30.00 USD/BBL and in case of not receiving any proposal from TONDAR SAHRA, the minimum value of the above mentioned range shall be applied. 
 
I am attentive to your comments. 

Carlos Suárez 
 Crude  and Residual Commercial General Management Team // PDVSA Trade and Supply.
 Direct Phone +58 212-706.64.37;  Ext .76437. 
----- Remitido por CARLOS SUAREZ/SUAREZCAS/PDV/PDVSA con fecha 04/11/2022 12:45 p.m. ----- 

CARLOS SUAREZ/SUAREZCAS/PDV/PDVSA
24/10/2022 01:05 p.m.

Para
saharathunder &lt;[email-masked]&gt;, [email-masked], [email-masked]

cc
ANTONIO PEREZ/PEREZAWA/PDV/PDVSA@PDV, ODOARDO BORDONES/BORDONESO/PDV/PDVSA@PDV, [email-masked], ARMANDO MARTINEZ/MARTINEZANE/PDV/PDVSA@PDV, VICTOR ALFONSO ROMERO/ROMEROVX/PDV/PDVSA@PDV, JACKSON SUAREZ/SUAREZJMJ/PDV/PDVSA@PDV, MIGUEL PABON/PABONMN/PDV/PDVSA@PDV, YOLANDA DEL CARMEN JIMENEZ/JIMENEZYD/PDV/PDVSA@PDV

Asunto
 REQUEST : PROPOSAL K FACTOR VALUE // PRICE AGREEMENT // SPOT SALE - FOB // 1,9MBBLS - MEREY 16 CRUDE OIL // AUGUST 2022 // TONDAR SAHRA.Vínculo

 

 
Dear Excllencies of TONDAR SAHRA,

Please receive a cordial greeting from PETRÓLEOS DE VENEZUELA, S.A.

We hereby confirm the receipt of your communication concerning the discount proposal to be applied to the sale of 1,900,000 barrels of Merey 16 crude oil, according to the terms and conditions  agreed in RECAP # GCR-VO-D-22-109.

Regarding the discount proposal submitted by TONDAR SAHRA, it is required that the same be adjusted to the range agreed by the parties which was established between -26.00 USD/BBL and -30.00 USD/BBL, in addition it is informed that the deadline to submit the proposal is next November 02, 2022.

I am attentive to your prompt response.

Carlos Suárez 
 Crude  and Residual Commercial General Management Team // PDVSA Trade and Supply.
 Direct Phone +58 212-706.64.37;  Ext .76437. 

saharathunder &lt;[email-masked]&gt; 
23/10/2022 04:11 a.m.

Para
&lt;[email-masked]&gt;

cc
&lt;[email-masked]&gt;, &lt;[email-masked]&gt;, &lt;[email-masked]&gt;

Asunto

 

 

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]