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To seller/seller mandate
Minimum 1,000,000 MT D2 per month cif Rotterdam Target price 480$ net 500$ gross
Minimum 1,000,000 BPL JP54 per month cif Rotterdam Target price 56$ net 62$ gross
Minimum 1,000,000 MT M100-75/99 per month cif Rotterdam Target price 330$ net 340$ gross
Minimum 1,000,000 BPL SLCO per month cif Rotterdam PLATS DUBIA MINUS -10$ PER BPL
1-buyer and seller sign and execute contract by lodging with their respective bank
2-the seller lodges full pop including Tank re4ceipt Sgs report and dip test authorization to the seller’s bank
3- The seller or seller bank inform the buyer or buyer bank the lodging of POP stated in above 1.2
4-The Buyer’s bank and Seller’s bank verify POP and POF throug bank to bank
5-After verification of the Buyer’s bank and Seller’s bank The Buyer Bnak issues MT103/23
6- A copy of the swift MT103/23 must be immediately e mailed to seller for documentation.
7- The Seller issues Tank receipts.SGS report on Quality and the Authorization to perform a dip test VIA swift 799 to buyer’s bank.
8- The Buyer transfer funds via MT103 or relase the payment of MT103/23 upon successfull dip test and title passes to the buyer.
9- The seller loads the product to the buyers designated vessel as per INCOTERM 2000,FOB bil of lading will deem the contract.
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