1. PRICE OF THE CARGO AND COST OF THE CONTRACT
1.1. The base price of the Cargo (Pg) is understood under the conditions FOB Rotterdam, nominated in US Dollars per one MT and defined on the basis of publications «Platt’s European Marketscan» as an average from average values of quotations for “Gasoil 0.2%” under the heading “Cargoes FOB NWE», basis ARA, for three days (day before Bill of Lading date, Bill of Lading date, day after Bill of Lading date)
In the event that the date of the Bill of Lading falls upon a public holiday, the nearest published «Platt’s European Marketscan» will be adopted.
The initial price of Gas oil D2 in the present Contract is calculated by the formula Pg- d, where discount d is equal to USD 30% one (1) MT of the Cargo.