VOL. XXXVII

NO. 16

17 JANUARY 1994

UAE

New Terms & Conditions For Dubai Trade Effective For May Loadings

As expected, Conoco has finalized new General Terms and Conditions (GT&C's)for f.o.b. sales of Dubai crude. The revised guidelines will go into effect inApril for cargos loading in May, rather than one month earlier as had originallybeen expected. It is hoped that the new and improved sales terms will help boostliquidity in the thinly-traded forward market by streamlining the procedures...