TABLE-India allows refiners to import 35 pct oil on CIF basis

India has for the first time allowed state refiners to buy 35 percent of their oil imports in tankers arranged by the seller, a document reviewed by Reuters showed, enabling them to swiftly tap cheaper cargoes. India had previously allowed state-refiners to buy only 15.48 percent of their estimated 118.15 million tonnes of oil imports in the current fiscal year to March 31 on a Cost, Insurance and Freight (CIF) basis, meaning the seller arranges the vessel

https://ift.tt/2N6FSsM support@endlesssupplies.biz (Endless Supplies .Biz) September 25, 2018 at 01:04PM