Quantity: Minimum: 50,000 MT. Maximum: 500,000 MT FOB
Price: $ 140 GROSS / $130 NET
COMMISSION: $5 / $5
FOB PROCEDURE TERMS AND PROCEDURE.
1. Buyer sends ICPO along with Company Profile to Seller on receipt of Seller's Soft Offer.
2. Seller issue commercial invoice (CI). Buyer signs and returns commercial invoice with Tank Storage Agreement (TSA) to seller acknowledging buyer’s legally binding commitment to Purchase under the terms and conditions herein.
3. Seller issues Dip Test Authorization letter to be signed by both parties (BUYER/SELLER) Including Buyer's Tank Farm for proof of the Buyer's readiness to inject into Buyer's Tank.
4. Seller Approve the DTA attached with fresh SGS Report and Tank receipt to Buyer and Buyer order SGS to conduct Dip Test of the product in the Seller's Tank on Buyer Expenses.
5. Upon successful Dip Test, Buyer provides vessel details or Tank details, Seller shall immediately submit the full Proof of Product (POP) to the Buyer, Injection of the product Proceeds.
6. Buyer makes 100% payment by MT103 TT wire transfer for the total product and Seller pays commission to all intermediaries involved in the transaction within 24 hours after Confirmation of the buyer's payment.
7. Seller issues draft Contract to buyer to review for R&E monthly deliveries.
CIF PROCEDURE TERMS AND PROCEDURE.
1.Buyer issue ICPO to seller.
2.Seller issued SPA for buyer for review and countersign
3. Seller issue Commitment to supply, Availability of product, Analysis Report issued by GOST R, Certificate of Origin and Export License.
4. Seller sends buyer the shipping company details and buyer contact the shipping company and finalizes the CPA Fees.
5. Upon Vessel arrival at Port of Destination, Seller issue ATB/DTA for buyer/buyer's inspection team to conduct CIQ or its equivalents.
6. Buyer pays for product amount via MT103 and Seller Transfer ownership Title / Full POP to buyer's name.
7. Buyer discharges the product and Seller pays commissions within 48 hours.
8. Seller will within 72 hours pay all parties their commission