RUSSIAN D2 CIF 3/21/2007
Conditions, Price and Payment Terms:
1.Seller is a USA based company, which makes it easier and safer to deal with.
2.Delivery is CIF ASWP(CHINA N/A)
3.Price is US$495.00 p/mt, where our commissions are being paid by seller, US$10.00/MT, (50% seller side, 50% buyerªs), no FPA needed from the buyer.
4.Quantity wise, is 250,000MT/month, 12 month contract, renewals to be discussed on due time.
5.Price is fixed, for the whole extension of the contract.
6.Seller offers 2% PB,
7.Payment terms: seller accepts Non Transferable Irrevocable Revolving Documentary L/C(sellerªs bank is Top 5 bank) and, since itªs an American company, they want the bank issuing the L/C to have confirmation of the L/C either through a top 30 American bank, or any top 30 world bank with branch in the USA, being the L/C payable at USA s branch bank counters, for the issuing or confirming bank against loading shipping documents.
PROCEDURES Seller vs. END-BUYER
1. Buyer sends LOI with soft banking probe or BCL with contact permission
2. Seller responds with FCO
3. Buyer signs and returns
4. Buyer and seller negotiate and sign contract
5. Buyer sends POF, wording to be agreed upon between buyer and seller to seller bank via SWIFT MT 799. Seller is waiting for suggested language to come from the buyer. Below is a suggested language, however not yet sent to seller for approval:
Sample MT799 Text
We (the bank), acting per request of our client hereby confirm that arrangements have been made for the commitment of funds required for the issuance of Revolving Letter of Credit for the purchase of 250,000 metric tons of Gasoil L-0.2-62 on a monthly basis for a period of twelve (12) months from according to Contract No. Such payment instrument will be issued upon receiving and confirming the Proof of Product and issuance of Performance Guarantee from Seller's bank in accordance with the terms and conditions of Contract No.
6. Seller sends Non Operative Performance Bond and POP, which consists of the following documents, according to standard Russian POP procedures:
Copy of license to export issued by the Russian Ministry of Energy;
Passport of Deal-Transfer of Contract Hard Copy;
Copy of approval to export issued by the Russian Ministry of Justice;
Copy of statement of availability of the product specifications,
Copy of the refinery commitment to produce the product, and
Copy of charter party Agreement to transport the product to discharge port.
7. Buyer opens L/C
8. Shipment commences within 45 days
Russian D2 Products:Diesel / Gas oil (0.2/62) Specification: Standard Origin: Russian Quantity: 100,000 Metric Ton (MT) x 12 Months with roll and extension. Price Term: US$425 per Metric Ton (MT) C.I.F. Delivery: CIF to ASWP Payment: By transferable, irrevocable, revolving, payable 100% at sight, Documentary Letter of Credit, payable and/or confirmed by a Top 100 Prime World Bank Packing: Bulk Inspection: By SGS inspection at the loading port Guarantee:Seller¦s Bank shall issue a Non operative, revolving Performance Bond for 2 % of the face value of one month delivery, for a period of one (1) year + 30days. Validity: 7 days from the date of this Offer. Operations procedures: 1.Buyer issue official LOI, Earnest Deposit of USD4,000 and BCL. (Buyer need to provide BCL issued by Top 100 Prime World Bank that stated the Buyer¦s Bank is ready to support the buyer to perform this transaction or the Buyer has previously performed similar transactions with the Bank, and Buyer¦s is ready to transact and allow Seller¦s representative to perform soft probe*.) 2.Seller/Seller¦s representative issues the FCO to the Buyer. 3.Buyer signs, seals, and sends FCO to Seller together with Buyer¦s ICPO with full Banking Details. 4.Seller/Seller¦s Representative issue Contract. 5.Buyer and Seller to meet/negotiate and sign the Contract. At the same time, Buyer submits copy of the proposed L/C Text to the Seller/Seller¦s representative for review and approval. 6.Buyer shall issues SWIFT Non-Operative Irrevocable, Confirmed, Transferable, Revolving L/C at sight within 3 to 5 International banking days. 7.Seller issues 2% Performance Bond (PB) to activate Buyer¦s L/C. The Seller will issue the POP documents consist of the following: a.Copy of the Statement of Availability of the Products. b.Copy of the License to Export issue by Russian Ministry of Energy. c.Copy of the Approval to export issued by the Russian Ministry of Justice. 8.Delivery commerce as per Contract. bULK
Russian d2 gasoil Commodity: diesel fuel (gasoil d2, l-0.2-62, gost 305-82). Origin: russia. Monthly quantity: 100, 000 to 2, 000, 000 m/t, contract for minimum one year. Packing: bulk. In min. 50, 000 m/t lots. Delivery terms: cif aswp Payment terms: irrevocable, non-transferable, auto-revolving letter of credit, issued and confirmed by one of 25th world prime bank, 100% at sight. Performance bond: 2% of monthly shipment value Price: gross us $415/mt net us $400/mt We are serious sellers and specifications are available to qualified buyers. We can provide you with a fco, but first i need to see a loi+bcl or icpo Packing: bulk. In min. 50, 000 m/t lots. Monthly quantity: 100, 000 to 2, 000, 000 m/t, contract for minimum one year.
* No upfront payment Russian Origin Rate / MT: Ask Min. Order Qty : 500,000 BBLS / Month Max. Supply Capacity : 5,000,000 BBLS / Month Delivery: CIF ASWP With Rolls & Extensions Inspection: SGS (At sellers expense at Loading Port & Buyer expense at discharge port) PAYMENT INSTRUMENT: SBLC/MT76 - 0, DLC/MT700 - MT 799 BLOCK FUNDS PAYABLE 100% BY TT/MT103 AT DISCHARGE PORT 5/FIVE DAYS LATE AFTER CIQ /SGS INSPECTION LOADING PORT: Vladivostok/Novorossiysk Port. PERFORMANCE BOND (PB): 2% PB to be issued by Sellers Bank in favor of the Buyer. COMMISSION: PAID BY THE SELLER ACCORDING IMFPA SCO / Procedure / Rate : To be provided Upon request
We offer high quality petroleum products (including Russian D2 GasOil, Mazut M100, JP54 Jet Fuel, Jet A-1, D6 Virgin Fuel Oil, EN590, LNG,LPG, Cst180, Light Cycle Oil,REBCO etc). PROMMEKS CJSC is an ultimate global sourcing channel for reliable reliable Allocation holders,title holders, refineries and end sellers. We urge you to contact us for purchase of varieties of products as our returns for over ten years has been impressive and our channels continues to grow due referrals by our customers.
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