Fuel Oil available from our partner. Payment through Dubai based company. 6 million barrels monthly.
Procedure:
1. Sending of the Procedure.
2. Buyer Approves the Procedure.
a) The Buyer sends ICPO/CP/CIS.
3. Seller sends Full Corporate Offer (FCO) to Buyer.
4. Signing of the Offer:
The Buyer must return the signed and stamped offer within a maximum of 72 hours, along with the following documents:
a) A draft of the LC verbiage, indicating the bank, country, and the applicant's CIS/KYC information
5. Seller sends Draft SPA (Sales and Purchase Agreement).
6. Contract Signing:
The Buyer and Seller review, sign, and return the contract.
7. Issuance of Initial Letter of Credit (LC) for one year and one day:
The Buyer issues an irrevocable and confirmed Letter of Credit (LC). This LC will cover 110% of the value of the product, equivalent to 6,000,000 barrels CIF Quindao, according to the contract terms and the Seller's instructions.
8. Within no more than 15 banking days after the confirmation of the LC receipt, the Seller will present to the Buyer:
a) The 3 VLCC's (100%) CPAs by the Seller.
b) Authorization to Load and Sail.
c) The loading dates and windows for each shipment.
d) Actual coordinates of the 3 VLCCs and ETA.
e) The 3 VLCC's PDAs.
f) 3 Service invoices for Q&Q fully paid.
9. Upon commencement of loading and sailing:
a) The Seller pays 100% of the product.
b) Upon completion of the loading, the Seller sends the Buyer the FULL POP (Proof of Product), including BL/CI/Q&Q/BR.
c) Issuance of Authorization to Verify (ATV).
d) Authorization to Sell and Collect Certificate (ATSCC).
10. The Seller commits to pay commissions in advance to the China team on the same day the ship departs from origin and to have the VLCCs ready for the next load.
11. Along with the successful delivery of the VLCCs and the contract initiation for 60 months, the Buyer will issue a new LC equivalent to 110% of the value of 6 more loads, with a duration of one year and one day, according to the Seller's instructions.
12. Arrival of VLCC and coordination of Q&Q tests:
Upon the VLCC's arrival at the destination port, the Buyer coordinates and bears the cost of the Quality and Quantity Test (Q&Q) at their own expense.
13. Q&Q Test Approval:
14. Payment of 100% of the product via MT 103 bank transfer:
Payment will be made via MT 103 bank transfer according to the Seller's instructions once the Q&Q tests are completed and per the contract�¢??s requirements.
15. Transfer of Product Ownership:
The Seller will transfer ownership of the product to the Buyer, providing all necessary documentation certifying the transfer of ownership.
STHS Consulting is an official partner of Poqutec Co., Ltd. a South Korean manufacturer specializing in high-performance construction equipment and heavy machinery attachments. With a focus on reliability and efficiency, Poqutec offers a wide range of products designed to enhance the capabilities of excavators, backhoe loaders, skid steer loaders, and wheel loaders.
Their product lineup includes hydraulic breakers, crushers, pile drivers, vibro rippers, compactors, and pulverizers, which are engineered for tasks like demolition, excavation, and material handling. Poqutec is also known for its advanced attachments such as tilting couplers, bucket crushers, drum grinders, and various grapples, which cater to industries ranging from construction to mining. The company provides customized solutions tailored to different machinery brands and weight classes, ensuring compatibility and optimal performance.
Poqutec prioritizes quality and innovation, with its products being rigorously tested and meeting international standards. The company exports globally and collaborates with partners in diverse markets to deliver cutting-edge solutions for heavy machinery applications.
Ductile iron pipes (DN100-2000) and fittings available from China. ISO certificates and testing documentation available.
Product 45 RBU (Reference Base Unit)
Origin Brazil
Procedures
01: Buyer Sends ICPO + POF (RWA or BCL Bank TOP 50) +1D (Passport) Of The Signatory Or Company CEO/Manager + KYC/CIS.
02: Seller Sends An Fco To The Buyer.
03: Buyer Signs An Returns The Fco With An Icpo Via A Corporate Email By The Buyer To The Address/email.
04: Seller Sends The Draft Sales And Purchase Agreement (SPA) To Buyer
05: Wihtin 48 Hours: Buyer Signs Back The Spa, Inputs Authorized Signer's Passport, Proof That The Signer Is Authorized To Sign This Contract, The Incorporation Certificate Of Company And Sends Its Own Company CIS/KYC AND THE CIS/KYC Of The Issuer Of The Financial Instrument If Buyer Is Using A Financier To Issue The Payment Guarantee And Buyer Sends Back To The Official Email Of Seller.
06: Seller Signs The Spa And Sends Back Accompanied With The Proforma Invoice
07: Buyer Returns The Proforma Invoice Signed With A Rwa (ready Willing And Able) Issued By Buyer's Bank On The Buyer's Name To Seller's Bank.
08: After Having Been Signed And Stamped Manually By The Seller And Buyer, Seller Will Send Via The Docusign Service For The Management Of Electronic Signatures And Digital Transactions And Deemed As Having Original Value With All The Associated Legal And Legal Scope. It Will Therefore Be A Substitute For The Original Paper.
09: Within 7 Business Days, Buyer Issues The Financial Instrument Draft Real Draft From The Bank With All Related Information Fullfill Including The Confirming Bank Detail - TO Seller By Official Email.
10: Seller Validates Draft With Fiduciary Firm And Indicates The Reviews |f Needed Or Advises If The Financial Instrument Can Be Opened (no Financial Instrument Should Be Sent Directly To The Bank Without Prior Validation Of The Draft. Otherwise, It Will Be Refused And This Will Constitute A Breach Of Business)
11: Within 10 Days After Payment Instrument Draft Validation, Buyer's Bank Sends The Swift (MT760) Message To The Fiduciary's Bank. [within 10 Days Maximum After The Financial Instrument Is Opened, 2% Performance Bond Is Granted To Buyer's Bank]
** IF SBLC Is Non-transferable Seller Donot Issue PB.
12: Within 35/40 Days Maximum After The Financial Instrument Is Opened, Delivery STARTS.
13: Within 3 Business Days After The Shipping Document Including Sgs Report Is Given To Buyer, Real Payment Is Released By Mt103/tt At Loading Port
Urea available from reputable and trustworthy supplier in Egypt. Working on FOB Alexandria basis, prices are usually offered as per the market rate on the particular day. LOI preferred from potential buyers with required amount, final destination and laycan.
MSDS available to be shared.
