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Diesel Fuel EN590 10PPM, Origin: Malaysia 2022-03-25
 
Hello Everyone,

Hope Good day!

Pls find soft offer for Diesel Fuel EN590 10PPM.

1. Product: Diesel Fuel EN590 10PPM
2. Specification: Standard
3. Origin: Malaysia
4. Delivery Terms: CIF
5. Destination: To Be Determined
6. Quantity: 100,000 (One Hundred thousand) Metric Tons per month x 12 months
7. Inspection: SGS/Saybolt/Intertek, or equivalent, will conduct the Q & Q inspection
8. Contract Duration: 12 months
9.Price: PLATTS minus $9 Gross / $7 Net per Metric ton for the contract duration
10. Payment Terms: DLC (Documentary Letter of Credit)
11. Issuing Bank(s): Tier 1 Bank or Universal/Commercial Banks

PROCEDURE – CIF Terms:

1. BUYER TO ISSUE AN ICPO WITH THE FOLLOWING: BANKING DETAILS, COMPANY PROFILE, PASSPORT COPY AND STATING THE SELLER¡¯S PROCEDURE.

2. SELLER ACKNOWLEDGES BUYER¡¯S ICPO AND ISSUES CONTRACT TO BUYER OPEN FOR AMENDMENT. BUYER SIGNS AND RETURNS THE CONTRACT TO SELLER WITHIN 2 WORKING DAYS.

3. SELLER AND BUYER LODGE CONTRACT WITH THEIR RESPECTIVE BANKS AND SELLER SENDS TO BUYER PARTIAL POP DOCUMENTS:

A. COMMITMENTLETTERTOSUPPLYPRODUCT.
B. PRODUCTALLOCATIONCERTIFICATE.
C. EXPORTLICENSE.
D. SELLERCERTIFICATEOFINCORPORATION/REGISTRATION.
E. CERTIFICATEOFORIGIN.
F. PRODUCT PASSPORT

4. BUYER PROVIDES COPY OF IMPORT PERMIT AND CONTRACT OF TERMINAL STORAGE PRIOR TO SHIPMENT COMMENCE.

5. BUYER¡¯S BANK, WITHIN 5 BANKING DAYS, MUST ISSUE SWIFT MT700 PRE-ADVISE DLC OR SWIFT MT799 PRE-ADVISE SBLC TO PURCHASE OF 100,000 MT. SELLER¡¯S BANK ISSUES 2% PERFORMANCE BOND TO BUYER'S BANK TO ACTIVATE THE DLC-MT700 or SBLC-MT760 WITHIN 5 WORKING DAYS.

6. SELLER LOADS PRODUCT WITHIN 4 WORKING INTERNATIONAL DAYS AND SENDS POP DOCUMENTS IN BUYER¡¯S COMPANY NAME TO BUYER VIA BANK-TO-BANK AND A COPY VIA EMAIL TO BUYER.

a. CERTIFICATE OF ORIGIN.
b. PRODUCT PASSPORT.
c. COMMERCIAL INVOICE.
d. COMPANY TAXPAYER CERTIFICATE.
e. FRESH SGS REPORT.
f. TANK RECEIPT.
g. Q88 AND QUALITY SPECIFICATION.
h. BILL OF LADING.
i. CARGO MANIFEST.
j. ULLAGE REPORT.
k. MASTER¡¯S RECEIPT FOR SAMPLES/ MASTER¡¯S RECEIPT FOR DOCUMENTS.
l. CERTIFICATE OF OWNERSHIP.
m. CERTIFICATEOFINSURANCE.

7. BUYER NOTIFIES SELLER BY OFFICIAL WRITTEN NOTICE OF HIS BANK RECEIVING SELLER¡¯S POP DOCUMENTS, WHILST SELLER SENDS TO BUYER THE REGISTERED HARD COPY OF THE CONTRACT THROUGH COURIER SERVICE WITHIN 3 WORKING DAYS.

8. SHIPMENT COMMENCES AS SCHEDULED IN THE CONTRACT AND UPON ARRIVAL OF THE CARGO AT THE DISCHARGE PORT, BUYER¡¯S INSPECTION TEAM CARRY OUT CIQ OR EQUIVALENT INSPECTION TO ASCERTAIN QUALITY AND QUANTITY.

9. PRODUCT IS DISCHARGED AFTER SUCCESSFUL INSPECTION INTO BUYER¡¯S STORAGE FACILITY. BUYER¡¯S BANK RELEASES PAYMENT FOR TOTAL VALUE OF THE PRODUCT TO SELLER¡¯S BANK WITHIN 3 BANKING DAYS. SELLER SHALL PAY ALL PARTIES INVOLVED THEIR COMMISSION BY TT WITHIN 3 WORKING DAYS.

10. SECOND AND SUCCEEDING SHIPMENTS CONTINUE

We look forward to receiving your prompt reply.

Business Manager,
oil@petrofinder.com

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