offer EN590 10PPM CIF
Category: Petroleum
PRODUCT: DIESEL OIL EN590 10PPM
Origin : Kazakhstan
Intercoms : CIF
AVAILABLE QUANTITY: Trial 50,000 MT
Yearly Contract: 100,000 MT X 12 Months
PRICE: US Dollar 470 PMT CIF
Commission: Buyer $5 open and Seller Side closed
Price: Pls ask
1. Buyer issues ICPO must be with buyer company letterhead and buyer banking information, passport data page, CP and acceptance letter.
2. Seller issues Draft Contract (open for any amendments) to Buyer. Buyer signs, seals and returns the Draft Contract to Seller for final endorsement. Seller gives Partial proof of products
(A) Refinery Commitment to Supply
(B) Certificate of Origin
(C) Statement of availability of product
(D) Product quality passport (Analysis test Report) By Kazakhstan standard gost R
3.Within 5 banking days, Buyer's bank sends Transferable Irrevocable Operative SBLC via MT760/DLC-MT700 Documentary Letter Credit according to seller's fiduciary bank verbiage to seller nominated fiduciary offshore bank account for first month shipment, Should buyer fail to issue payment instrument within 5 banking days, buyer will make cash deposit of $ 2% by TT wire transfer for security guarantee to enable seller charter vessel and commence shipment, and this payment will be deducted from the total cost of product after inspection at discharge port, Seller's Bank issues Full POP Documents to the Buyer's Bank alongside with the 2% Performance Bond (PB)
a) Copy of license to export, issued by the department of the Ministry of Energy, Kazakhstan Federation.
b) Copy of Approval to Export, issued by the Ministry of Justice, Kazakhstan Federation.
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
4. Shipment commences as per signed contract delivery schedule and the shipment should arrive at Buyer's discharge port within 5-25 days. The SGS inspection will be borne by the Seller at the loading seaport and Buyer at the unloading seaport
5. Buyer releases payment to Seller by TT/MT103 upon receipt of the shipping documents and confirmation of the Q & Q by SGS/CIQ at destination port.
6. Seller pays commission within 48 hours by swift MT103 to all intermediaries as signed NCNDA/IMPFA. Type a message.
1. Buyer issues CP, ICPO inserting seller’s terms and procedures, Buyer passport data page and company registration certificate.
2. Seller issues draft contract/SPA which is open for amendments.
3. Buyer returns the signed draft contract with NCNDA/IMFPA and a letter of guarantee to perform.
4. Seller submits the signed SPA for registration and legalization with the appropriate authorities.
5. Seller sends the below listed partial pop documents to buyer via mail.
(A. statement of availability of product, B. commitment to supply the product, C. certificate of origin D. Product Passport)
6. Buyer within 7 banking days issues SBLC swift MT760 according to Sellers fiduciary bank verbiage to seller nominated fiduciary offshore bank account for first month shipment, and whereby buyer fail to issue payment instrument within 7 banking days, buyer will make cash deposit of $300, 000 by TT wire transfer for allocation and security guarantee to enable seller charter vessel and commence shipment, and this payment shall be deducted from the total cost of product after inspection at discharge port.
7. Seller bank issues the full set of proof of product (pop) and shipping document with 2%PB (performance bond) to buyer’s bank. QQ Certificate & Product passport docs, all will be issued on time.
8. Shipment commences immediately as scheduled in the contract.
9. Buyer pays for the total product value via TT/MT103 to the sellers bank after successful SGS/CIQ inspection at discharge port and tittle of product ownership transferred to buyer.
10. Seller pays all intermediaries involved in transaction as per signed NCNDA/IMFPA within 72 hours
#Petroleum#Kazakhstan#Any Ports