Hsd2 200,000

Product: High speed diesel (hsd2)
Origin: Russia
Specification: Base on standard specification origin
Quantity min: 200,000 MT per month. (Minimum)
Contract duration: Twelve (12) months with open extension and agreed by seller and buyer.
Inspection: By sgs or any similar company and the seller will pay the charges.
Confirmation: The order is confirmed after the seller receives the irrevocable confirmed purchase order (icpo) & ready, willing and able bank comfort letter (rwa bcl) from the buyers bank. Bcl must be signed by two bank officers and seal and sent to the seller.
Buyers documents: Import license from the authority to enter the terminal. To be agree later between buyer and seller.
Price fix: Usd380.00 per MT on CIF.
Com.we req. Usd 10.00 per MT
Terms of payment
1.The Buyer should provide an Irrevocable, transferable, Unconditional, Assignable, Divisible and Callable BANK GUARANTEE (BG) from Prime Bank in the top 25 Bank in the world. The BG issued by Buyers Bank is the amount covering for Three (3) months order (USD 380.00 x 200,000MT x 3 (Three) month) with maturing Three (3) year and One (1) day.
2. Monthly by Irrevocable, Transferable, Unconditional, Assignable, Divisible Revolving Letter of Credit (LC) at sight from top 25 prime banks for the value of Quantity for twelve (12) months. LC must be issued after Thirty-Five (35) working days and after the Seller received and confirmed the BG on the Sellers option on board and accepted by Sellers bank.
Performance bond: The seller will issue 2% performance bond from the face value of BG only. The performance bond will be issued base on Incoterm ICC 500 and within fourteen (14) working days after the seller bank receives operative, irrevocable, transferable, unconditional, assignable, divisible and callable bank guarantee (bg)
Procedures:
1. Buyer issue LOI to the Seller.
2. Seller issues the FCO to the Buyer and Buyer signs and seal the acceptance the FCO and return the original to the Seller.
3.Within 5 (Five) working days the Buyer must issue Irrevocable Confirmed Purchase Order (ICPO) and RWA Bank Comfort Letter (BCL) signs by 2 (two) Bank officer on the Seller Company.
4. After 3 (Three) working days from the dated issue the ICPO and BCL the Buyer must issue the Verbiage/Text Bank Guarantee (BG) and Verbiage/Text Revolving Letter of Credit (LC) from the Buyer Bank to the Seller.
5. The Seller will issue a softcopy of Agreement to the Buyer to the Buyer and both party agrees on the draft and the both party signed the Contract anytime available.
6. Within Fourteen (14) working day after Seller receive BCL + ICPO, Seller will provide Partly Proof of Product - Allocation Number.
7. After signing the contract, the Buyer will issue the Bank Guarantee (BG) confirmation by Banks SWIFT WIRE MT760. Confirmation by SWIFT WIRE MT760 signs by two (2) Bank Officer and send to the Seller Bank Coordinate.
8. The Seller will issue 2% Performance Bond Guarantee within Fourteen (14) working days after the Seller receive, verify and confirm the Operative, Irrevocable, Transferable, Unconditional, Assignable, Divisible and Callable Bank Guarantee (BG) by SWIFT WIRE MT760 and the Operative Revolving Letter of Credit issue by Buyer to the Seller after 35 (Thirty Five) working days the Seller receive and confirmed Bank Guarantee (BG).
9. The Seller will provide Charter Party Agreement to the Buyer after the Seller receives and confirmation of the DLC within Fourteen (14) working days.
10. After the Sellers bank receives and confirms the DLC, the Seller will within Forty Five (45) Working days proceed to start loading the product base on the LC received and confirmed, quantity, port of delivery, import license and other related documents. The 2nd and subsequent delivery will be on block of Thirty-Forty Five (30-45) Working days.
11. Shipment(s) take place as per contract.
12. Others are as per contract