Dear Sir, This our the
draft FCO . REGARDS
DRAFT FULL CORPORATE OFFER (FCO)
WE , PetroLeum Oil Co. , HEREBY CONFIRM THAT OUR
SELLER IS READY, WILLING AND ABLE TO SELL THE FOLLOWING COMMODITY AS PER
THE SPECIFICATION AND IN THE QUANTITY AND FOR THE PRICE SPECIFIED IN THE
TERMS AND CONDITIONS AS STATED BELOW. Commodity:
Russian GASOIL D2 L.0,2 GOST 305-82 Country of
Origin: Russia Quantity: 500,000 MT to 5 mill.
MT per month for 12 months +/- 5% tolerance
Duration of Contract: 12 months plus possible rollovers and extensions
to 60 months . Minimum Shipping Lot: 500,000 MT
+/- 5% tolerance per ship – according to contract
Delivery Basis: CIF Any World Safe Port (AWSP)
Price : US$ 405 / $395 PER TM.
Commissions: US$ 5/ MT – Buyer’s Side
Intermediaries / US$ 5 / MT – Seller’s Side - CLOSED /
Specifications: Russian Standard
Payment: Irrevocable, Confirmed,
Non-Transferable, Revolving Documentary Letter of Credit (RDLC) 100%
payable at sight by or confirmed by a top 50 prime world bank acceptable
by Seller’s bank, face value covering 1 (one) month delivery volume.
Commencement To the Maximum 40 working days of
receipt and confirmation of RDLC of Shipments
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