Hereby we are pleased to announce you that; SOC is willing to hold a Bid for supplying Generic Base

Oil SN500 , SN150+ & SOC4 according to attached specification as below details:

1- MOQ: Min order quantity for every product is 100 MT. Total tender quantity is as per Bid Table.

2- Delivery time: within Jan/Feb.2021

3- Delivery term: As per Bid Table.

4- Opening date / Closing date: Commercial offers should be sent to specified mail address from 25.

Nov.2020 up to 29. Nov.2020.

Notice 1: Offers received later than 29. Nov.2020 are voided.

Notice 2: Commercial offers are valid if Bid Guarantee has not been done as clause 5.

Notice 3: Commercial offers are void if winner don’t pay advance payment for issued P/I; moreover,

the winner cannot participate in next tenders too.

Notice 4: Packing cost:

a. For New Drum 120 USD/MT will be added to Exwork Bulk price

b. For Flexi Package (based on forwarder invoice) will be added to Exwork Bulk price

Notice 5: Freight cost:

c. Local fright cost is 20 USD/MT form Isfahan to Bushehr / Bandar Abbas

d. Container Sea Fright is based on forwarder invoice that will be added to FOB/Exwork price

e. In FOB price, THC & BL Fee shall be paid by the buyer.

f. Port of destination shall be mentioned in tender table if buyer is offering in CFR

5- Bid Guarantee: All applicants should send cooperative guarantee letter which reflected buying on

proposed price in any condition.

Payment: Min 20% cash in advance, balance before delivery. Down payment should be done

according to SOC P/I validity times.

Notice 6: Payment should be done in AED to introduced banks accounts in UAE (Exchange rate is 1

USD=3.67 AED) or can be done in USD to introduced banks accounts in China that will be provided

after issuing P/I.

6- SOC has right to:

- Accept or reject any or all offers.

- Negotiate for exact quantity, RPO specification and final price with winner and the delivery term

(based on mutual agreement could be in CFR basis.)

- Negotiation on proposal with bidders after receiving commercial offer