ITEM 1 (Subsidies)
Commodity : RBD Palm Olien
Quantity : 500 MT per Month
Total Quantity : 6,000 MT per Year
Contract Duration : Twelve (12) consecutive months Contractual and extension
Origin Collection Area : Port of Sabah (Sandakan/Lahad Datu/Tawau)
Specification : PORAM Spec:
FFA (as Palmitic Acid) : 0.1% MAX
M&I : 0.1% MAX
I.V.(WIJS) : 50-55
M.PT.(AOCS CC 3-25) : 33-39 DEG.C
(5¼ LOVIBOND CELL) : 3 RED MAX
Seller offer Current Price Ex-Factory RBD Olien (Subsidies)
Loading Malaysia Port Sabah, price based on Malaysian Gov Subsidies + Mobilize stuffing and premium (additional) Sport Current Market delivery Seller storage. The rate offer needs to be revised with the rate of approximately subsidies (RM2,500.00/MT) + Premium and Mobilization at total RM2,700.00 per Metric Ton, more than the offer price or based on negotiation (In balk delivery only).
ITEM 2 RBD Palm Olien (Contract Deal)
COMMODITY PRODUCT : RBD Palm Olien
ORIGIN : Standard Quality of Malaysia and Indonesia
LOADING PORT : Lahad Datu Port and any Sabah of Malaysian
SPECIFICATIONS : As PORAM Standard MPOB Specification
QUANTITY : Minimum contract 120,000 Metric Tons (MT) per
Year/Shipment and at minimum 5000 MT per
month on partial shipment allowed.
CONTRACT : Three (1) year term of supply period and every
month term of price subject to exchanger base on MPOB current market.
DELIVERY : Subject to seller schedule (partial shipmen
allowed) and buyer confirmation
PRICE : Base on MPOB and finally on negotiation price
FOB per Metric Tons.
TERM OF SALE : FOB Seller Port of Sabah Malaysia
INSPECTION : SGS or equivalent borne by the buyer.
i) Bulk Barrel/ Bunkering - balk vessel (above 5000MT/Shipment)
ii) Flaxy Bag 20MT/Container
iii) Drum Plastic 195 Kg each loose packing container 20ft (96 unit drum) - packing, handling
& sale tax)
Offer Current Market Price;
i). Price based on dally MPOB current market CPO price (RM3,514/MT on the date 24/02/2011).
Add premium (additional) delivery storage (Lahad Datu, Malaysia). The rate offer needs to be
revised every one (1) month with the rate of approximately ADD PREMIUM RM200.00 per
Metric Ton (refinery cost), and Add Stuffing fee (2.7%) negotiation (In balk delivery only).
ITEM 3 (Residue)
COMMODITY PRODUCT: PALM ACID OIL (PAO) @Sludge in flaxy tank 20MT/ Drum 200Kg.
Item: Supply of PALM ACID OIL (PAO) on existing technical specification.
Quantity: Progress at first delivery 500 Metric Ton (MT) per Month. (Progress Partial
delivery/shipment at minimum 500MT allowed)* or 6,000 Metric Ton one year.
Delivery: FOB any seller port of Sabah and Indonesia at every month, from March 2011.
Full Corporate Offer _ Palm Oil Products_ Lahad Datu, Sabah
Schedule: Date of delivery subject to change on final discussion or decision, but not later
than March 2011.
First Shipment Date;
Estimated on 21st March 2011 and/or within 45 days after receive the deposit and the balance true bank instrument facility.
Price estimated; Average base on CPO current market price approximately RM2,000.00/MT (Flaxy Thank 20MT per Container) FOB seller port in Sabah.
Specification: Acceptable Standard Grade PAO
i. Free Fatty Acid/FFA (As Palmitic): 80% min
ii. Moisture & Impurities: 3.0% max
iii. Total Fatty Matter 95% min
Term of Sale : FOB any seller port.
The POA shall be supplied at FOB any Seller Port Malaysia (Sandakan/ Lahad Datu/ Tawau), advised by seller, and details of which shall be advised from the time to time.*
6. The schedule of delivery of PAO shall be as below. (Partial delivery and shipment allowed at minimum quantity 100Mt/Delivery/Shipment)
Term of Payment: 30% in Cash on advance up on signing the S & P agreement; The Price is determine on FOB at any Sabah Port (Sandakan/ Lahat Datu/ Tawau) and/or other assigned Port agreed upon by both parties depending on the weather condition, and is paid in RINGGIT MALAYSIA. The price is negotiated and fixed for every 3 shipments of 5,000MT (any partial amount allowed) per shipment. The Gross Price is fixed for the first three shipments at current MPOB market price per metric ton FOB seller port. The “Parties” hereby agree that the first shipment of goods under this Contract shall be made between 21 (twenty one) up to 45 (forty-five) days from the date of receipt of Cash Payment equivalent to 30% of the first shipment value by the Seller to enable the purchase of raw material from mill/plantations and the balance of it shall be in the form of Divisible BG/LC, Transferable, Irrevocable, Revolving at validity One year One month instrument facility BG/LC and Partial delivery/shipment allowed confirm
payable at sight seller port Malaysian or Indonesian. The subsequent shipments shall be made in accordance with a monthly schedule.
Deposit and commitments fee is 30% by cash of the first shipment purchase
order and the balance of invoice value by LC.