KAZAKHSTAN EUROPEAN DIESEL EN590 (ULSD 10PPM)
Quantity: 50,000-500,000 Metric Tons.
CIF Price: Gross $580USD per Metric Ton / Net $570USD per Metric Ton
FOB Price: Gross $570USD per Metric Ton / Net $566USD per Metric Ton
TERMS & OPERATIONAL PROCEDURE: C.I.F
1. Buyer issues ICPO must be with buyer company letterhead and buyer banking information.
2. Seller issues Draft Contract (open for any amendments) to Buyer. Buyer signs, seals and returns the Draft Contract to Seller for final endorsement with letter of acceptance. Seller gives Partial proof of products.
(A) Certificate of Origin
(B) Product quality passport (Analysis test Report) By KAZAKHSTAN standard gost R
(C) Commercial Invoice
(D) Statement of availability of product
3. Within 7 banking days, Buyers bank sends Transferable SBLC, DLC, BG via MT760/MT700 Letter Credit according to sellers fiduciary bank verbiage to seller nominated fiduciary offshore bank account for first month shipment, should buyer fail to issue payment instrument within 7 banking days, buyer will make cash deposit of $ 400,000 by TT wire transfer for security guarantee to enable seller charter vessel and commence shipment, and this payment will be deducted from the total cost of product after inspection at discharge port, Sellers Bank issues Full POP Documents to the Buyers Bank alongside with the 2% Performance Bond (PB)
a) Copy of license to export, issued by the department of the Ministry of Energy, KAZAKHSTAN Federation.
b) Copy of Approval to Export, issued by the Ministry of Justice, KAZAKHSTAN Federation.
c) Copy of statement of availability of the product.
d) Copy of the refinery commitment to produce the product.
e) Copy of Transnet contract to transport the product to the loading port.
f) Copy of the port storage agreement.
g) Copy of the charter party agreement to transport the product to discharge port
h) Copy of Vessel Questionnaire 88.
i) Copy of Bill of Lading.
j) SGS Report at loading port.
k) Dip test Authorization (DTA) & ATB
l) NOR /ETA
m) Certificate of Ownership Transfer
n) Allocation Transaction Passport Code Certificate (ATPCC) by Ministry of Energy
Shipment commences as per signed contract delivery schedule and the shipment should arrive at Buyers discharge port within 5- 25 days. The SGS inspection will be borne by the Seller at the loading seaport and Buyer at the unloading seaport.
4. Buyer releases payment to Seller by TT/MT103 upon receipt of the shipping documents and confirmation of the Q & Q by SGS/CIQ at destination port.
5. Seller pays commission within 48 hours by swift MT103 to all intermediaries as signed NCNDA/IMPFA.
