offer LNG Qatar on CIF
Category: Petroleum
LIQUEFIED NATURAL GAS (LNG)
Origin : QATAR, Azerbaijan
Intercoms : CIF
Minimum Order Quantity: 30,000 Metric Tons Per Month
Maximum Order Quantity: 300,000 Metric Tons Per Month
Quantity: 100,000 MT Up to 400,000 MT monthly
CIF Price: Gross USD$380 / Net USD$370 Per Metric Ton
Commission: Seller $5 / Buyer $5
Destination Port any safe sea ports
Price: Pls ask
CIF ASWP WORKING PROCEDURES
1. Buyers’ issues Irrevocable Corporate Purchase Order (ICPO) addressed to the Seller Refinery along with company profile and buyer passport.
2. Seller issues the draft SPA for buyers review and signing
3. Seller legalizes and registers the contracts with insurance company and notarize it with theappropriate Authorities of the ministry of energy along with the below PPOP document:
a) Product Quality Passport-Quality Certificate.
b) Certificate of Product Origin.
c) Product availability
d) Commitment letter to supply the product.
e) ATSC
4.Buyer’s bank in accordance with seller’s verbiage shall issue SBLC/DLC within six (6) working days for first shipment’s value to seller’s financial bank to enable seller commence loading of product with the shipping company. Seller to finalize loading within six (6) working days. But if buyer fails to issue SBLC/DLC within six (6) Working days, as an alternative provision buyer pays $250,000 directly to the shipping company via MT103 as transaction guarantee which will be deducted from the product’s invoice value of product at destination port.
5. After confirmation by seller’s bank, seller at own expense, charters with shipping/logistic company and alert buyer on shipment ordered graphic/schedule accompanied with submission of nominated Vessel details to buyer.
6. Seller’s bank responds with contractual operative 2% PB and full POP to buyer’s bank within seventy - Two (72) hours since buyer’s instrument confirmed by seller’s bank
a) Copy of the Port Storage Agreement.
b) Copy of the CPA, to Transport the Product to Discharge Port.
c) Vessel Q88.
d) Original BL (full set).
e) Copy of SGS Report.
7. Upon successful product confirmation against SGS/CIQ Report of Quality and Quantity at destination port, the buyer makes payment by MT103.
CIF Escrow Procedure..
1. Buyer issue ICPO must be with buyer company letterhead and buyer banking information.
2. Seller issue draft contract to buyer.
3. Buyer sign and return back to seller.
4. Seller issue the PPOP documents to buyer via email address such as
A) statement of availability of product,
B) commitment to supply,
C) certificate of origin,
D) product quality passport (analysis test report) by azerbaijani standard gost azs.
5. The buyer will make cash deposit of $ 350,000 by tt wire, or escrow payment transfer for security guarantee to enable seller to charter vessel and commence shipment, and this payment will be deducted from the total cost of product after inspection at discharge port, sellers bank issues full POP documents to the buyers bank alongside with the 2% performance bond (PB) to the buyer.
A) copy of license to export, issued by the department of the ministry of energy of azerbaijan.
B) copy of approval to export, issued by the ministry of justice, azerbaijan.
C) copy of statement of availability of the product
D) copy of the refinery commitment to produce the product.
E) copy of transnet contract to transport the product to the loading port.
F) copy of the port storage agreement.
G) copy of the charter party agreement to transport the product to discharge port.
H) copy of vessel questionnaire 88.
I) copy of bill of lading.
J) SGS report at loading port.
K) dip test authorization (DTA) & ATB
L) NOR /ETA.
M) certificate of ownership transfer.
N) allocation transaction passport code certificate (ATPCC) by Ministry of energy.
6. The shipment should arrive at buyers discharge port within 10~15 days.
7. The SGS inspection will be borne by the seller at the loading port and buyer at the unloading sea port.
8. Buyer releases payment to seller by TT/MT103 or release the escrow payment to sellers bank upon receipt of the shipping documents and confirmation of the Q &.Q by SGS/CIQ at destination port.
9. Seller pays commission within 48 hours by swift MT103 to all intermediaries as signed NCNDA/IMPFA.
Note: Escrow attorney is based in Sacramento California. US is the best place for Escrow as US lawyers who are registered with the bar association in any state, have and live by the law. Meeting escrow attorney is possible and can be arranged no problem once buyer has been approved.
#Petroleum#CIF#Qatar#Any Ports