MAZUT Sellers Published date: July 11, 2014

WE HAVE READY BUYER NEED TO WORK UNDER MENTIONED PROCEDURE SO IF ANY SELLER CAN WORK WITH THE PRICE AND PROCEDURE THEN LET US KNOW!
4th July, 2014
To: Seller
LETTER OF INTENT (LOI)
We, xxxxxx Co., Ltd, on behalf of xxxxxx Energy Limited and other buyers, ask You to provide the conditions of following commodity:
Product: Mazut M100 GOST 10585/75
Origin: Russian Federation.
Volume: 100,000(one hundred thousand) metric tons (MT) per month.
1 shipment x12 months contract, Total contract 1,200,000MT.

INCOTERM: CIF AWSP
Price: Fixed price for 1 year at US$450/MT- US$470/MT.
Inspection report: Current live, verifiable SGS independent inspection survey report.
Loading port at Seller’s expense, Discharge port at Buyer’s expense.
Delivery: One (1) shipment per month. First shipment within 14 days from Contract executed date and subsequence monthly shipments every 30 days or sooner thereafter or subject to final approval.
Certificates: Title &Ownership, Tank receipt, Product Passport, SGS report,
Certificate of Origin, and/or all applicable legal documentations apply for CIF term basis.
Payment Instrument: Non Transferable Non Divisible Documentary Letter of Credit
Payment: Each shipment payment by TTM against instrument issued to the seller on presentation of normal shipping documents within 5 working days from passing SGS/CIQ inspection at port of discharge.
Performance Bond: Seller to issued 2% PB in favour of Buyer after receiving Non Operative DLC from Buyer, which activate DLC.

PROCEDURES
1. Seller issues SCO to Buyer.
2. Buyer issues ICPO to Seller upon confirming seller’s offer.
3. Seller sends Draft SPA to the buyer for any amendments and signature.
5. Both Parties endorses the Final Contract and NCNDA/IMFPA.
6. Seller and Buyer lodge the contract with their bank and open up a bank to bank communication for final wording of the DLC.
7. Seller bank issues to Buyer bank the Partial Proof of Product (PPOP)
8. Buyer’s bank issues 100%Non-Operative Irrevocable DLC for Shipment.
9. Seller’s bank issues 2%Performance Bond (PB) after receipt DLC from the Buyer’s bank which will activate the Payment Instrument automatically.
10. The SGS inspection will be the Seller’s responsibility only at the loading port.
11. Seller’s bank issues to Buyer’s bank full set of Proof of Product (POP).
12. The Cargo lifting commences as per contract and the first shipment should arrive at Buyer’s discharge port within 14 days after the
Payment Instrument has been received by the Seller’s bank.

WE HAVE ABOVE THIS PROCEDURE AND PRICE LOI SO IF ANY SELLER CAN WORK WITH THIS THEN LET US KNOW THEN WE CAN CONCLUDE THIS DEAL.
Rgds,
Nahid hasan
hasanagencyDOTbhomraATgmailDOTcom
skypehasan9

• Company Name: M/s. Hasan Agency
• Country: Bangladesh

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