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.
