19th May 2020
Diesel (Ultra Low Sulphur)
BS: EN 590 10ppm
40,000 MT (Minimum) to 200,000 MT per month x 12 months
$290 per MT Gross / $280 per MT Net
(Also available in Platts based pricing with similar procedure if required)
By SGS or equivalent
PROCEDURES OF TRANSACTION (CIF)
1/ Buyer issues LOI and receives SCO.
2/ Buyer issues ICPO and also issues RWA (Ready, willing & able) letter from top 20 Bank and completed customer information sheet (CIS).
A) Verbiage of RWA letter will be provided to the Buyer.
B) The RWA letter required is to be issued by the Buyer’s bank and addressed to the Buyer
C) Customer Information Sheet (CIS) form will be sent to the Buyer to fill and return
3/ Buyer receives the Full Corporate Offer (FCO) from the Seller.
4/ The NCND/IMFPA is completed and signed by Buyer, Buyer Mandate Group and all Intermediaries and passed to Seller Side for completion.
5/ Seller issues Draft Contract to Buyer, Buyer Signs and returns to Seller alongside business certificate and both lodges signed contract with their respective banks.
6/ Buyer issue Pre-advice for SBLC via MT799 & Seller issues PPOP documents and sends to Buyer directly.
a) STATEMENT OF PRODUCT AVAILABILITY.
b) COMMITMENT TO SUPPLY.
c) PRODUCTS PASSPORT.
d) CERTIFICATE OF ORIGIN
7/ Within 5 days of receiving the PPOP, Buyer’s Bank issue Non-Transferable, Operative SBLC MT760 to Seller’s nominated Bank after confirmation and verification of SBLC bank to bank basis, Seller’s issues 2% performance bond to Buyer’s Bank.
8/ Seller arranges loading and sends vessels to Buyer destination port. Within 6 banking days after positive verification & Confirmation of SBLC from Buyer’s Bank, Seller will issue Full POP to Buyer by E-mail.
FULL POP INCLUDES:
a) COPY OF LICENSE TO EXPORT, ISSUED BY THE MINISTRY OF ENERGY
b) COPY OF APPROVAL TO EXPORT, ISSUED BY MINISTRY OF JUSTICE,
c) COPY OF STATEMENT OF AVAILABILITY OF THE PRODUCT,
d) COPY OF THE REFINERY COMMITMENT TO PRODUCE THE PRODUCT,
e) CERTIFICATE OF ORIGIN
f) COPY OF THE PORT STORAGE AGREEMENT,
g) COPY OF THE CPA, TO TRANSPORT THE PRODUCT TO DISCHARGE PORT,
h) VESSELS Q88
i) COPY OF INSPECTION REPORT OF LOADING PORT )
j) COPY OF BILL OF LADING (B/L)
k) ALLOCATION TRANSACTION PASSPORT CODE CERTIFICATE (ATPCC)
9/ At Buyer’s destination port, delivery commences as follows; buyer’s inspection agents conduct inspection on behalf of the buyer to ascertain the quantity and quality of the product in the vessel in the port.
10/ Within 2 days Buyer pays for the product by MT103/TT against title transferred to buyer.
11/ Seller pays commission to Seller Side and Buyer side commissions with 48 hours.
Please note that this offer excludes delivery to EU sanctioned countries or countries engaged in conflict; Iran, Sudan, Syria, Yemen & North Korea.
We trust you will find this offer acceptable and look forward to receiving your ICPO and completed and signed NCND/IMFPA, to commence the purchase process.
Please note that this product is offered on CIF basis ONLY.