| |
We offer for sale via direct real seller (UAE) following commodities:
Light crude oil; D2; D6; Mazut M100. LNG. LPG. Jet Fuel A1. Pet
Coke; Urea 45%.
Origin: Gulf Arabic origin
Delivery: only CIF your port (ASWP not acceptable); not FOB.
Term: IRDLC as guarantee (not accept SBLC). MT103
Procedure non-negotiable: Buyer adheres to or disregards.
Complete end Buyer’s LOI for SCO (official offer)
1. The contractual Buyer, sends an ICPO, indicating the elected transaction/ guarantor primary bank(s), within 9 working days, Seller will submit, a draft of SPA according the general terms and definitions as set out by the INCOTERMS, Edition 2020,
2. In meantime Soft Prob between banks will take place in regular banking terms, thus, the contractual draft to be approved and confirmed by the Buyer,
3. Hereafter, Seller sends to the Buyer, the undersigned SPA, for buyer’s signatures and return to the Seller; Parties lodge in their respective banks, a copy of the undersigned contracts,
4. Within 5 banking days, Buyer issues IDLC PRE-ADVICE via MT 705, which is not an operative credit instrument, face value to cover 110% of monthly delivery, in the agreed wording; Hereafter and just upon receiving the below Partial Prove of Product (PPOP), including;
a) certificate of origin
b) recent certificate of analysis (SGS or equivalent report)
c) Seller’s irrevocable commitment to supply
d) Seller Commercial invoice (Proforma) *, ** & ***
The Buyer’s bank should automatically submit the IDLC via MT 701, according the international banking regulations, commonly used worldwide. UCPURR LATEST VERSION
**Any objection related to the POP’s authenticity should be founded, submitted by written, bank to bank, within latest 24 h. otherwise it will be considered as accepted.
**In the transferable IRLC, along with the rights to the payment, any other second beneficiary, will bear, receive and be committed to, all the Seller’s contractual obligations associated to the transaction, otherwise nothing will be due, guaranteed, nor paid to whichever beneficiary.
5. Within 10 banking days, the vessel will be nominated, loaded and will move to the agreed destination area,
6. the vessel will be nominated, loaded and will move to the agreed destination area,
7. Seller sends the full data of the cargo;
A) SGS (or equivalent) quantity and quality report from loading port
B) Q88
C) clean ocean bill of lading
D) seller’s commercial invoice
E) certificate of origin
8. Seller sends the full data of the cargo, vessel's contact, the name of the vessel, flag, year of construction, assigned number, tonnage, flag, draughts on board quantities and the expected date of arrival (ETA), at the Port Coordinates of discharge terminal, so as to arrange with the end Buyer for receiving the product at the final desired destination, Seller will send also the master details for purpose of ETA (Estimated Time to Arrival), basically buyer should be advised about ETA 120 hours before her arrival, her name, , and actual Time of arrival 48,36,24, and 12 hours before her arrival to the discharge port.
The Buyer will receive from the Seller the master details NOR (Notice Of readiness)
The Seller will also revert to the Buyer, the MATB (Master Authority to Board for the involved parties), to start arranging for the final inspection if chosen, that will be tendered only during working hours, i.e. between 08.00 and 16.00 hours, inviting the involved parties and the final buyer’s inspectors (SGS/SAYBOLT if nominated) onboard the vessel to conduct dip test/quality and quantity analysis, if required by Buyer on its own expenses.
9. Upon positive Q&Q (if chosen by Buyer) the verification of quality and quantity report, will be issued by SGS/SAYBOLT/CIQ or equivalent’s inspection report, to be made available to both the buyer/seller and to their respective banks; *,**,***
* Upon vessel arrival, after Marine Authority to Board (MATB) is issued for C.I.Q or SGS as/if elected by Buyer, to inspect and to produce the Q&Q report. CIQ, SGS or Saybolt’s may use the ship’s figures TCV (Total Calculated Volume), applied as valid V.E.F. (Vessel Experience Factor), to compute the delivered quantity of the current batch. In addition, they can go on board and/or take away small quantity samples, they will have the allowed time to do so.
The Total Time allowed for, inspection, Q&Q control, Payment, discharging the cargo, under this offer, shall be as in the agreement, as from the delivering vessel tenders her NOR at discharge port, Buyer has NOR + 6 hours + 48 hours.
If demurrages have been caused by the Buyer’s discharging terminal, inspection delay, then the corresponding amount shall be borne by the Buyer to be paid to the Seller at sight based on demurrages rate as stated in vessel's charter party agreement.
**If the difference between the quantity of the Product by SGS report in the Q&Q Certificate at the loading port, and the quantity on board the Vessel with the vessel experience factor, in test engaged by the Buyer; If any difference is greater than 0.3%, the Buyer shall be entitled to apply the quantity as determined by the final test, for the purpose to be used to compute the Seller’s invoice.
***Only the invoiced amount will be paid by MT 103, regardless the higher amount of the (collateral)
****Seller doesn’t require any prior prove of logistic, but attention will be paid to the question Laytime and Demurrage.
10. As demonstrated the presentation of the following documents;
a. The of Bill of Lading
b. The Seller's faxed or scanned definitive commercial invoice, prepared based on the certificate(s) of quantity and quality issued by Seller at the Loading port.
c. The original certificates of quantity and quality at the loading’s port
d. The Certificate of Origin
Buyer’s transacting/Guarantor’s bank, within h 24, has to issue Mt-103 for the effective resulting due payment, and has to send a copy of the proven payment (swift mt 103/23) by email to the Seller and to its bank for confirmation,
11. The Buyer/ Seller shall be responsible for their own respective bank charges, taxes duties, … etc., as better detailed in the contractual draft.
12. After confirmation to Seller of the effected payment, the vessel will be discharged into buyer’s shore tanks/receiving Vessel’s tank (or the Buyer’s Tug Boats, moves the vessel to terminal and then discharges), intermediaries will be paid, hereafter Seller will transfer the title of ownership, entitled as indication of the Buyer.
Additional marginal considerations as following;
• We, as contractual Seller, will use our owned homonymous mainland in Dubai, just established on purpose, and our bank is Emirates NBD the biggest in Emirates and one of the most well reputed banks worldwide,
• We don’t require any upfront payment, nor Buyer to prior provide any prove of logistic, but attention will paid to laytime and demurrage, as MATB will be submitted, the Buyer facility should be ready to receive the product; Considered we use CIF basis, so according our safest procedures, the vessel will be reaching destination, charged with $ 100 million of commodity, without the buyer will paying, not even one cent, therefore and as a matter of fact, it’s and it is the exact opposite, conversely, the potential entity Buyer, should provide ahead company profile and all the required information to prove reliability and acquisition’s capability like the fundamental Soft Prob …., not vice versa,
• Seller’s greatest strengths, is proposing incomparable contractual structure, fine-tuned to protect the right benefits and to assure the binding obligations of the involved parties, since the differentiation lies in our commitment to deliver according comforting procedures; The proposed SOPs are transparent and watertight, this could be verified and confirmed by any international law firm, all has been meticulously devised with utmost accuracy,
• Someone thinks that PPOP are generic documents circulating at disposal of any enquiring potential client; Effectively the PPOP submission, implies reservation of the commodity from certain allocation, to that certain client to whom we are submitting the documents, therefore both parties should assure their respective commitment as above illustrated.
• Even after the collateral’s submission, Buyer will not pay one $, if not after his own final test (if chosen) on board, in case of any difference, the result will compute the seller’s invoice, in other words, Buyer will only pay the quality and the quantity asserted by his own test on board,
• Only the invoiced inspected product will be paid by MT 103, regardless the amount of the collateral; In case of Seller’s non-performance, in the trial or in any other subsequent delivery, the LC will be null and void, otherwise it will be automatically revolving for whole contractual duration.
• The essential banking role is fundamental to assure utmost warranty, no bank will allow its client to lodge the contract, if not 100% sure about his performance’s capability.
Seller NOT entretains emails enquiries; nor past his life quoting
internet endless/fruitless demands. Thank you for all consideration.
|
