MAZUT Sellers Published date: April 23, 2015 Modified date: April 23, 2015

Dear Sirs,

Taking this opportunity we would like to offer you as the following:

1. Product : Russian Mazut Oil, GOST-10585/75
2. Quantity : 100,000 MT / Month x 12 Months
3. Price : US$385/MT CIF ASWP, fee US$5/MT buyer side, US$5/MT Seller side
4. Payment : by SBLC / MT760+MT103; BG+MT103 ; Block Fund (MT799)+ TT(MT103);or transferable LC
5. Delivery : Starting on May, 2015
5. If you are interested please send LOI directly to End Seller (will be informed later on)


PAYMENT / BANKING PROCEDURES
1. Seller approves and issues the sales purchase agreement (SPA) contract to the buyer which must be open for amendment, buyer return countersigned final contract.

2. Buyer send data page of buyer’s passport or any corporate identification Certificate to affect the transfer of allocation ownership to buyer’s name.
3. Seller issue by Email Partial PPOP which include the following:
i. Tank receipt will be issued to the buyer
ii. Copy of license of export, issued by the department of the ministry of energy
iii. Copy of approval to export, issued by the department of ministry of justice.
iv. Copy of statement availability of the product. Certificate of origin of product
v. Product Certificate of conformity (Analysis report)
vi. Copy of port storage agreement with tank farm agent in Novorossiysk where each batch shipment quantity will be stored for lifting.

4. Buyer bank sends BCL (Bank Comfort Letter) to Seller bank.

5. Seller Bank shall issue PRE-ADVICE of 2% Performance Bond.

6. Upon acceptance of PRE-ADVICE of Performance Bond and agreement of Irrevocable SBLC format by both Seller’s and Buyer’s Bank, Buyer shall issue the Irrevocable SBLC as per attached Appendix No. 4 as accepted by Buyer's Bank.

7. Seller’s Bank issue2% Performance Bond to Buyer’s Bank as stipulated above Clause 8.5 andAppendix 3and if Sellerfail to supply the cargo of the product within 15 days upon received payment instrumentthis 2% Performance Bond will be paid to the Buyer via bank to bank.

8. Seller issue full POP via seller’s Bank to Buyer’s Bank include SGS report of Quality and Quantity or similar level of International Surveyor:

- Copy of license to export, issued by the department of ministry of energy.
- Copy license to export issued by the department of ministry of justice.
- Transaction Allocation Code Certificate, issued by the department of Russia Export control department.
- Copy Of Statement Availability of the product.
- Certificate of origin
- Copy Of Charter party Agreement (s) to transport the product to discharge port
- Bill of Lading.
- Vessel Q88.

9. Final payment after each shipment by MT-103 after SGS/CIQ inspection at unloading Port.

10. The SGS inspection charges will be done by the SELLER REFINERY at the loading port and inspection charges will be done by the Buyer Company at the unloading port.

11. Delivery shall commence as schedule. The Buyer Company shall release payment to seller VIA SWIFT FUND transfer within 7 banking days after the discharge of cargo and receipt of all relevant shipping documents for immediate negotiation and credited at buyer bank account.

12. Seller release commission to all intermediaries involved within 48 to 72 hours.

• Company Name: PT.IMP CILACAP
• Country: Indonesia

Send a message to this company

Please register to send a message to companies/brokers listed on our website.