Purchase En590 CIF Thilawa #2883

Category: Post

Buyer is based in Myanmar (Burma) and is looking to proceed under CIF terms. The buyer is prepared to issue a Letter of Credit (LC) from one of the major banks in Thailand. Once terms are agreed, the buyer is prepared to move forward with ICPO and the next steps.

Kindly find the attached LOI for your reference and review for the Buyers requirements.

For your reference, the discharge port will be Thilawa Port (Yangon, Myanmar), which typically offers a draft of approximately 9 to 10 meters. This allows accommodation of vessels around 20,000–25,000 DWT, with some cases handling up to 35,000 DWT under favorable conditions.

1. Commodity & Specifications
Product: Diesel EN590 (10 PPM)
Specification: Standard export quality (SGS verified)

2. Quantity
Trial Shipment: 40,000 Metric Tons (MT)
Contract Quantity: Up to 100,000 MT per month (subject to successful completion of the trial shipment)

3. Delivery Terms
Incoterms: CIF (Cost, Insurance, and Freight)
Destination: Thilawa Port, Yangon, Myanmar / STS at designated safe anchorage

4. Banking & Payment Terms
Issuing Bank: Kasikornbank Public Company Limited (Thailand)
Payment Instrument: 100% irrevocable, non-transferable Documentary Letter of Credit (DLC – MT700) at sight
Payment Release: Payment to be executed via MT103 upon presentation of complete shipping documents and satisfactory SGS report at the discharge port (or as mutually agreed in the SPA)
Advance Payment: No advance payments, cash deposits, or legalization fees prior to issuance of the LC

Delivery: CIF, STS

Price: Pls ask