Commodity:
Automotive Gasoil (AGO) - Diesel; 50ppm max sulpur, min flash point 66 deg C
Packaging: Bulk
Origin: Russian Federation.
Quantities:
35,0000 MT (minimum) – 100,0000 MT on Trial shipment + 12-Month contract
Delivery: CIF named world port
Price : NWE Platts less US$20 per MT with 60 days deferred payment
Commission: US$10 per MT for buy & sell side intermediaries
Inspection: By SGS or equivalent
Payment:
DLC MT700 for trial shipment & SBLC MT760/MT103 for the 12-month contract shipments.
1. Buyer sends RFQ to receive written offer (i.e. SCO) from the Seller.
2. Seller issues Offer package. The following are issued by seller along with the Offer package;
a. Verbiage of RWA letter will be provided to the Buyer.
b. Sellers ICPO Template is issued along with the Offer.
3. Buyer issues ICPO in accordance with Sellers ICPO template with Buyer’s passport and Certificate of Registration incorporated. Buyer also sends Company Profile and RWA letter along with the ICPO.
4. Seller reviews the ICPO and supporting documentation and confirms with the Buyer. Seller issues draft contract to buyer. Buyer reviews, makes any necessary amendments, signs and sends it back to seller in Word format, within three (3) working days. Seller Issues commercial invoice for first shipment.
5. Buyer issues DLC MT700 of the value of total cargo instrument by swift to the seller’s nominated bank account to receive the instrument, within a maximum of five (5) working days of receiving the signed CI.
6. Upon receipt and confirmation of the DLC MT700, Seller issues 2% PB to Buyer.
7. Seller issues full POP documents and NCNDA-IMFPA for intermediaries.
a. Certificate of origin
b. Commercial invoice
c. Q & Q report at loading port
d. Q88 and quality specification
e. Bill of lading.
8. Shipment commences as scheduled in the contract and upon arrival of the cargo at the discharge port, Buyer’s inspection team carries out Q&Q inspection at the discharge port to ascertain quality and quantity.
9. Product is discharged after successful inspection into buyer’s storage facility. Seller presents shipping documents to advising bank sixty (60) days after shipment to effect the payment.
10. After receipt of the buyers payment, Seller pays all intermediaries involved in the transaction as per the NCNDA/IMFPA signed by the parties involved.
11. Buyer issues SBLC MT760 valid for 12 months and contract shipments commence.
We trust you will find this offer acceptable and look forward to receiving your RFQ.
Please note that this product is offered on CIF basis ONLY.