Supplier From
Alghero,
Sardegna,
Italy
Supplier From
Alghero,
Sardegna,
Italy
RUSSIA VIRGIN FUEL D6
Quantity: From 100,000,000 -800,000,000 Gallons per Month
Price: GROSS $0.76 USD / NET $0.72 USD on CIF.
Quantity: Above 800,000,000 Gallons per Month
Price: GROSS $0.74 USD / NET $0.70 USD on FOB.
COMMISSION STRUCTURE: .2 cent $USD Per Gallon Buyer Side / .2 cent $USD Per Gallon Seller Side.
SPECIFICATIONS: STANDARD EXPORT QUALITY.
Delivery: CIF ASWP.
Payment: By an Irrevocable revolving non-transferable documentary letter of credit: MT 760/MT103/23 Telegraphic Transfer.
Contract: 12 Months with possible rollovers and Extension / Spot.
Inspection: SGS or similar by Seller.
TRANSACTION CIF PROCEDURE:
1. Buyer issue ICPO addressed to SELLER
2. SELLER approves and issues Draft SPA for all parties to review and endorsed, buyer sign and send back.
3. SELLER Register, Legalize and Notarize hard copy of the contract with ministry of Energy of the Russian Federation, and send the legalized / Notarized hard copies contract with the below listed partial POP Document to Buyer via government secured courier service, the courier expenses shall be borne by Buyer.
A. Statement of Product Availability,
B. Refinery Commitment to supply the product,
C. Certificate of Origin of the product,
D. Company License to Export,
E. Company Registration Certificate,
F. Tank Receipt
G. Purchase Transaction Allocation Certificate
H. Product Passport (Analysis Test Report)
4. Both Parties Lodge the Final Contract with their Respective Banks.
5. Buyer and seller proceed with the Title transfer process in order to secure the full title of the product on the buyer’s company name, Which the Transfer of Ownership agreement form will be issued to the buyer for signing and return back to seller.
6.Buyer bank within Seven (7) banking days, send Swift an Irrevocable Operative, Transferrable Standby Letter of Credit (SBLC) or MT799 (BLOCKED FUND) to Seller fiduciary account.
7. SELLER Bank issue a 2% PB (Performance Bond) via swift to buyer’s bank and send full Proof of Product (POP).
8. Shipment commences as per signed contract delivery schedule.
9. Buyer releases payment to Seller by TT/MT103 upon the receipt of the shipping documents and confirmation of the Q & Q at destination port. Seller releases payment to all intermediaries involve as per the signed NCNDA/IMFPA.