ITD Tenders

Tender Name: Tender for CFR Sale of SOKOL Crude Oil-OVL/SC/24/2019-20 opening on 11 December, 2019

Tender for Sale of SOKOL Crude Oil on CFR basis

Loading - DeKastri Terminal SOKOL SPM, Sakhalin-I  

Salient details of the tender invitation are given below:
Tender No.
Date of issue
06 December, 2019
ONGC Videsh Limited (OVL)
SOKOL Crude Oil
Quantity/cargo size
700,000 Barrels +/- 5% Seller’s Option
Estimated Loading date/ range
13 - 19 February, 2020
Load Port
DeKastri Terminal SOKOL SBM, Sakhalin-I 
36 Hrs. SHINC
Price Linkage
Monthly Average of Mean of Platt’s Dubai (first line) Crude oil quotations – February, 2020
Payment terms
Through Letter of Credit.  For details please refer Subject Tender 
Tender closing at
09:30 hrs. IST on 11 December, 2019 (Part-I)
Validity up to
18:30 hrs. IST on 12 December,  2019


Eligibility to offer:

Only overseas counterparties, without the involvement of agents/ intermediaries, who are on the mailing list of ONGC and Indian Public Sector Oil Undertakings, to whom individual tender invitation is sent separately, are eligible to bid against the subject tender. For complete details kindly refer the Tender document, which can be viewed/downloaded by the registered counterparties, from website by using valid User ID and password. All other offers would be treated as unsolicited and rejected summarily without reference to the bidder.


Registration request:

International entities (overseas), competent to contract without the involvement of agents/intermediaries, interested in seeking registration with ONGC on its mailing lists for import/export/international sale of petroleum products, crude oil and Petrochemicals for ONGC Group Companies can submit the request in the prescribed format duly filled in and complete in all respect. The Registration Form and Guidelines can be viewed/downloaded from web-site


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