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PROCUREMENT OF POL

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PROCUREMENT OF POL

Post by Abecedarian on Mon Jan 13, 2014 10:43 am

Good morning,...

GPPB Resolution nO. 11-2007, Amending the Revised Guidelines on Index-Based Pricing for Petroleum and Oil Products provides, among others,
5.4 ...
6. WPP, MOPS AND ICIS-LOR-BASED PRICING SCHEME

6.1 For the procurement of products using the WPP index, the Bid Price shall be determined based on the prospective supplier's WPP ten (10) days prior to the date of bid opening as verified with the Oil Industry Management Bureau of the Department of Energy, subject to the rules under Item 7 hereunder.

How is verification made, can it be done thru OIMB's website?
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