OREANDA-NEWS. June 13, 2007. The concern Belneftekhim has started transporting oil products Free on Board /FOB/ through the Baltic States on a long-term basis. For this purpose the trading companies of the concern Belneftekhim LIT (Lithuania) and Belneftekhim Baltic Co. (Latvia) signed contracts with the terminals of the Klaipeda and Riga ports for the transshipping of the Belarusian oil products, reported the press-centre of  Gomel Invest.

In line with the contracts the Klaipeda port will monthly transship 60 thousand tons of Belarus-made black oil and 60 thousand tons of motor petrol and the Riga port – 70 thousand tons of diesel fuel a month.

According to the specialists of the concern, FOB supplies (it means that the seller pays for transportation of the goods to the port of shipment, plus loading costs) is one of the most practical methods of enhancing efficiency of export sales of oil products. Long-term contracts are important both for the companies-exporters and the port terminals. Such contracts guarantee stable and timely shipping operations.

The concern intends to increase the volume and to expand the offering list of oil products supplied Free on Board.

In the near future Belneftekhim wants to increase CIF supplies of the Belarusian products (CIF - a contract term indicating that price includes cost, insurance and freight). Belarusian Oil Company, which will start working in July 2007, has been tasked to provide such supplies.