UAE-located Lukoil Marine Lubricants Middle East, the subsidiary of Russia's Lukoil Oil Company, has inked a guaranteed three-year contract with Oman Shipping Company (OSC) for its lubricant products.
The deal provides OSC the option of extending the partnership an additional two years to ultimately bring the agreement to a total of five years, granted the company finds Lukoil's supply services satisfactory.
As per the contractual obligations, Lukoil's supply shall cover OSC's fleet of 39 vessels consisting of Very Large Crude Carriers (VLCC), Product Tankers, Chemical Tankers, LPG Carriers, Very Large Ore Carriers (VLOCs) and Bulk Carriers.
“Our business relationship first began five years ago and since then it has blossomed through trust and respect into a solid partnership which has proved to be beneficial for both companies,” said Capt. David Stockley, Chief Operations Officer of OSC.
“From the moment we partnered in 2014, Lukoil Marine Lubricants has demonstrated extreme professionalism through repeatedly providing Oman Shipping Company with reliable products and services, a major factor which swayed our decision of rightfully awarding them this contract.
“As we move forward, we are eager to develop our relationship even further in the next five years.”
June Manoharan, Director of Lukoil Marine Lubricants elaborated as she stated, “Today is a momentous day for our company as we have successfully reached an agreement to continue building upon our long-term relationship with Oman Shipping Company with the intent of heightening their already reputable fleet.”
“Although we specialise in the production and marketing of marine lubricants, we also pride ourselves in serving our clients to the utmost standard and in this case, we are excited to see that our efforts have been appreciated.
“Oman Shipping Company has shown great trust in allowing us to continue supplying their vessels.”
Photo credit: Lukoil
Published: 21 February, 2019
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