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      You are in ::  Home > Fuel Oil > Read
  Fuel Oil Read  
Sell :: 354
Buy :: 98
News :: 19
Count : 180
D2, 2018-01-11
 



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>> Mr. Tamara Gist, Gist Investors LLC

D2,D6,and JP54

** ATTENTION BUYERS **
FOB SALES TERM AND PROCEDURE

1. Buyer sends ICPO to Seller along with tank Storage agreement (TSA) as proof of storage availability.

2. Seller issues draft contract, commercial invoice CI for the available quantity in the storage tank to Buyer, Buyer Signs and returns to Seller with scanned passport copy, NCNDA/IMFPA signed by all buyer groups with commission structures.

3. Seller issues Dip Test Authorization letter which is needed to be signed by all parties including buyers tank farm.

4. Seller issues Dip Test Authorization, fresh SGS Report, Tank storage receipt. Buyer order SGS to conduct Dip test of the product in the Tank on buyer expense.

5. Upon successful dip test, Buyer provide vessel details or Tank details, Seller shall immediately submit the (SGS) inspection Report along with the full Proof of Product (POP) to the Buyer.

6. Buyer make 100% payment by MT103/ TT wire transfer for the total product and Seller pays commission to all intermediaries involved in the transaction in 24 hours after confirmation of the buyer payment.

7. Seller submits the draft spa for review for R&E monthly delivery.

8. Buyer revise and approves the spa and issues SBLC/IRDLC irrevocable, nontransferable, auto revolving for 12 month’s shipment value, documentary letter of credit for length of contract and
for each lift per schedule. Buyer pays after dip test by MT 103 wire transfer on each month.

9. The subsequent delivery shall commence according to the terms and conditions of the contract.

10. Seller pays commissions to all intermediaries as per IMFPA/NCNDA in 24 hours after receiving payment from buyer.






 
 Contact Information
Name   Mr. mahmoud ahmed 
Company   Member : alqasmia 
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