JP54 Sellers Published date: November 3, 2015 Modified date: November 3, 2015

SOFT CORPORATE OFFER JP54
(S C 0)

To whom It may Concern :

Name of Product: Aviation Kerosene Jet Fuel Colonial Grade 54
Monthly Delivery: 5,000,000 barrels per month
Specification: according of the GOST Russia
First Month: 2,000,000 barrels as pilot lot of goods
Contract: 1 year
Price: Platts Rotterdam minus US$ 5 gross, minus US$ 4 net CIF ASWP.
Commission: US$ 1 devided US$ 0.5 to Buyer’s side , US$ 0.5 to Seller’s side, pays by the seller on both side.
Payment: ITRDLC / MT 799 or RDLC / MT700 (non transferable LC) covering the value of a monthly load
Inspection: by SGS for quantity and quality

Procedure :
1. Buyer accepts this SCO and issues CP to the Seller.
2. Seller issues an official FCO to the Buyer to sign it and issues ICPO
3. Seller issues the draft contract to the Buyer
4. Buyer & Seller sign and stamp the contract by e-mail. Upon Seller will invite Buyer in personal meeting on Europe. Seller will confirm POP and Buyer will confirm POF then both sign contract in live.
5. Both parties lodge signed contract in their respective banks immediately after signing.
6. Buyer’s bank issues conditional MT 799 or MT700 as per verbiage and sends to the Seller’s bank. The conditionality of the MT 799 or MT700 will be base on the following conditions : The conditional MT799 or MT700 will become active once the seller provides POP or as item 7 bellow.
7. The conditional MT799 or MT700 will become active once the Seller provides his 2% PB and POP.
Proof of products:
a. Refinery commitment to supply
b. Product passport
c. Product resource sheet / Product resource confirmation

8. The buyer’s bank issues ITRDLC
9. The Seller sends to the Buyer the Full POP.Full POP to follow after loading bank to bank as listed :
a. Copy of locense to export
b. Copy of statement of product availability
c. Copy of the refinery commitment to produce the product
d. Copy of tranhipment contract to transport the productto the port
e. Copy of the storage agreement
f. Copy of the charter party agreement(s) to transport the product to the discharge port.
g. Copy of tank storage receipt
h. Copy of DIP test authority/ assigment of owner ship documents
i. Original SGS report / Certificate of Origin .

10. Then the procedure goes on as per contact.

Notes : Please issue ICPO with Bank Reference addressed to :
PETROLEUM GAS OIL (PGO) HOLDING.AG
Switzerland
Attn.: Mr.Miran Druscovich (President)
Thru : Mr.Yasin / Mr.Nizam El Muluk Shah – HTIG

• Company Name: PGO HOLDING AG mandate
• Country: Indonesia

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