Trial: 100.000 MT
Contract: 200.000 MT X 12 MONTHS W/R & E
Price $585 Gross, $575 Net
$10 commission will be paid by the buyer
FOB (Tank To Tank or Tank to Vessel) Procedure
1. Buyer issues ICPO with CIS/KYC.
2. Seller issues Proforma invoice for immediately liftable quantity.
3. Buyer returns signed PI to seller along with POF via MT199 bank to bank.
4. Once buyer provides the POF. The Seller issue tank entry permit to buyer for buyer to conduct inspection on the fuels with the PPOP below:
a) Unconditional Dip Test Authorization (UDTA)
b) Authorization to Verify (ATV)
c) Product Passport
d) Authorization to Sell and Collect
e) Injection Report
f) Certificate Of Origin
g) Tank Storage Receipt
5. After successful inspection "SGS report" buyer makes payment for the product of Trial Lifting. Buyer pays intermediaries involved in the transaction as per NCNDA/IMFPA
6. Seller transfers Title of the product to the buyer immediately and the buyer is to evacuate the sellers tank space within 7days of the title transfer.
7. Monthly Lifting continues as above procedure 4-6 for 12 months with Rolls and Extensions.
Note: the MT199 shall be presented within 3 working days after execution of the PI.
If you accept the terms and price send PO with CIS, we will proceed to with the PI.
brightcommodityintl@protonmail.com
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