Supplier From
Mumbai,
Maharashtra,
India
Supplier From
Mumbai,
Maharashtra,
India
Goods : Crude Oil
API & Specs : 35 and Sulphur: 1.68% (full specs attached)
Origin : UAE
Quantity: 2.000.000BBLS +/- 10%
Contract Period: 12 Months
Discount : BRENT-3USD CNF to China, India, S. Korea, Singapore, Rotterdam
Commission: Buyer broker + 0.25$ (2M barrels= 500.000USD) & Seller broker + 0.25$ (2M barrels= 500.000USD) per barrels. Seller pay that not deduct from buyer.
Payment:
by Irrevocable, transferable, Confirmed revolving Letter of Credit*** payable at delivery against SGS or CIQ.
*** Chinese Buyers can prefer EURO currency instead of USD
Sales Steps :
1. Buyer sends Order Letter with all banking details for sellers verification and acceptance.
2. Seller approves and countersigns Order Letter and returns to Buyer
3. Seller sends Proforma Invoice.
4. Buyer bank sends LC Pre-advice WITH MT-705* (cost max.50USD its meaning is buyer bank ready for issue and send LC not anything else)
5. Seller send Sales and Purchase Agreement (SPA)
6. Seller send fresh SGS report for quality to buyer after SPA sign and stamp by buyer.
7. Buyer verify SGS Report from: https://www.sgs.com/en/verify-sgs-documents
8. Buyer Bank sends Irrev. confirmed, transferable, revolving Letter of credit in 24 hours after buyerâ??s received date of SGS report.
9. The vessel loads and she starts sails to the destination and LC payment is released after inspection at discharge port.
10. Next shipment will starts with same safe steps for 12 months period.
* What is MT-705 and why so cheap (50USD maximum)? https://www.iotafinance.com/en/SWIFT-ISO15022-Message-type-MT705.html#purpose
** No advance payment even 1cent not asking here.!
*** Given terms above are final and not open for any changes because it is already %100 safe.
**** Un-realistic discount and commission requests not acceptable, this â??realâ?? deal only with given real rates and safe terms.
**** We are not interested in internet based terms, LOI, SCO, ICPO etc