ICPO + BCL are essentially next steps.
Product: Mazut M100,
GOST 10585-75
Origin: Russia
Specification: Based on Standard Specification
see Appendix “A”
Quantity: Up to 500,000 (Five
Hundred Thousand) Metric Tons (MT) per month on the first contract to
all new buyers. Multiple contracts, up to 1 Million MT, are possible
after first successful delivery and payment are completed.
DUE TO LOW ORDER RESTRICTIONS OF 250,000 METRIC
TON, ORDERS LESS THEN 250K MT WILL BE GROUPED WITH OTHER CONTRACTS SO
THE MINIMUM REQUIREMENT IS MET. THIS COULD ADD TIME TO RECEIPT OF YOUR
ORDER.
Contract Duration: Twelve (12) months
with rollovers and extensions as agreed upon by both parties. Extension
up to sixty (60) months is possible.
Inspection:
By SGS or equivalent Survey company (charges paid by Seller)
Confirmation: The order is confirmed after the
Seller receives and accepts the IRREVOCABLE CONFIRMED PURCHASE ORDER
(ICPO) & RWA BANK COMFORT LETTER (BCL) from the Buyers bank. BCL must be
signed by two bank officers together with the banks seal, and sent to
the Seller. ICPO or LOI with full banking info and soft probe
authorization (SPA) may be acceptable.
Buyers
Documentation: Permit to Import, Signed End User Allocation and Import
License from the authorities to enter the Terminal. Other to be
determined during negotiation.
Price (Fixed):
USD $300.00/290.00 per MT by CIF RDLC + 1 month BG
OR
USD $280.00/268.00
per MT by CIF RDLC + 3 month BG
*FOB allocations
will incur $5 increase in gross price.
Terms of
Delivery: On contracts after initial allocation, additional allocation
would ramp up through separate contracts of up to one million MT every
three to four (3 to 4) weeks until total monthly order allocation is met
and will remain at total allocation for the duration of the contract
until ramp down commences. CIF ASWP
Terms of Payment: 1. Monthly Payment by
Revolving, Assignable, Irrevocable, Divisible, Transferable, Confirmed,
Documentary Letter of Credit (RDLC).
*Payment by
Telegraphic Transfer (TT) will increase Gross price by $5
AND
2. Guaranteed by and
Unconditional, Callable, Irrevocable, Transferable, Negotiable,
Divisible, Assignable Bank Guarantee (BG) or SBLC from one of the S
Prime 25 World Banks for the amount equal to One or Three (1 or 3)
months purchase order value, maturing after one year and one day.
Performance Bond: The Seller will issue a 2%
(two percent) Performance Bond of one Monthly Lot delivery in favor of
the Buyer as per the terms of the contract. The Performance Bond will be
issued based on INCOTERM ICC 500.
Laycan: For
the first delivery within Forty Five (45) working days after receipt and
confirmation of Blocked Funds Letter and second shipment and beyond
within Thirty (30) days as per the delivery schedule.
Commission Paid: Seller will pay the
intermediaries and Agents commission (as set out in the Irrevocable
Master Fees Protection Document, annexed to the Main contract) when the
RDLC is cleared in the seller’s account.
PROCEDURES
1. Buyer issues ICPO with bank
details and permission for soft probe.
2. Soft
offer is issued
3. Within 5 (Five) international
banking days the Buyer must issue an Irrevocable Confirmed Purchase
Order (ICPO) and Bank Comfort Letter (BCL) signed by 2 (two) Bank
officers to the Seller’s Company or Bank Letter Guarantee (BLG) from the
Buyer’s Bank to the Seller. Soft Probe may be acceptable and the Buyer
must include this statement in their ICPO either before or after their
bank coordinates:
“We hereby provide our
authorization to the bank of the Seller to conduct an inquiry into our
financial capacity in regards to this transaction (soft probe).”
4. Seller issues the Full Corporate Offer (FCO)
to the Buyer and Buyer signs and seals the acceptance of the FCO and
returns the original to the Seller. (FCO Valid 5 Working Days)
5. The Seller will issue a softcopy of Contract
Agreement to the Buyer and when both parties agree on the draft, than
both parties sign the Contract in a way convenient to both. If by
courier, then four originals will be sent to the buyer for signing and
return.
6. The Buyer shall within Fourteen (14)
international banking days from receipt of executed contract, instruct
their bank, which must be a ‘Prime 25 World Ranking Bank”, to block
sufficient funds to cover 1 or 3 (one or three) full calendar months’
value of the commodity in the buyer’s own bank, and issue a “Blocked
Funds Letter” to the Seller (either bank to bank or hard copy). Sample
of “Block Funds Letters” are in Annex C and Annex D.
7. The Seller shall within Five (5) banking days
from the receipt and verification of buyer’s Block Funds Letter, issue
to the Buyer’s Bank a Non Operative Performance Guarantee in the amount
of two percent (2%) of the value of one (1) month’s supply of said
commodity.
8. The
Sellers Bank shall within Twenty One (21) International Banking Days of
verifying the Blocked Funds Letter, Issue a Ready, Willing and Able
(RWA) to the buyer’s bank indicating that the POP is in the bank ready
to send.
9. Buyer’s Bank
within Five (5) International Banking Days, shall issues Seller’s Bank
and the Pre Advise (MT799) of an Transferable, Callable, Negotiable,
Divisible, Confirmed, Assignable, Unconditional Bank Guarantee (BG), for
the value of One or Three (1 or 3) months supply, From A Prime 25 World
Rated Bank, and Posted on European Euroclear for Verification.
10. On Verification and
Validation of the MT799, the seller’s bank shall send by SWIFT, the POP
to the buyer’s bank.
11.
The Buyer’s Bank within Five (5) International Banking Days of
Validation and Verification of the POP, will make the BG operative by
MT760, and forward the hard copy to Seller’s office.
12. On Verification,
Validation and Authentication of the BG, the Seller’s bank will
immediately make the Performance Bond from “7” above operative
13. Buyer’s Bank, within
Five (5) international banking days of the PB becoming operative, will
issue to Seller’s Bank an Operative , Irrevocable, Revolving,
Transferable, Divisible, Assignable, Documentary letter of Credit (DLC)
(one months supply Value)
14. The Seller will provide Charter Party
Agreement to the Buyer, within Fourteen (14) international banking days,
after the Seller send RWA of the POP (Clause 6 above)
15. After the Seller’s
bank receives and confirms the DLC (and other documents listed above),
and within Forty Five (45) Working days of verifying the buyers “Blocked
Funds Letter”, the Seller shall proceed to start loading the Commodity
based on the DLC received and confirmed, quantity, port of delivery,
import license and other related documents from the buyer. The 2nd and
subsequent delivery will be within blocks of Thirty (30) Working days.
(as per loading schedule).
16. The Monthly Lot payment shall be made
against the Sellers invoice (and other documents listed in the contract)
on presentation of the listed documents to the Buyers bank, the RDLC
shall then be automatically topped up for the next month’s shipment.
17. Others are as per
contract
Please enter Legal Company Name and BG
and DLC Issuing Bank Co-ordinates for inserting in Contract Documents.
The exact verbiage of the BG MUST be sent to the
Seller in plenty of time to get approval from the Seller’s Bank PRIOR to
lodging the actual BG. This is to ensure that any changes required can
be done before the BG becomes Irrevocable and very difficult to alter.
This contract can be
consummated very quickly but timing is entirely dependent on Buyers
Documentation reaching our bank QUICKLY.
Please
allow soft probe approval (SPA) with following information.
Bank Name:
Bank Address:
Account
Name:
Account Manager:
SWIFT Code:
Telephone number:
Fax Number:
Bank
Officer’s Name:
Please
Note, these are the procedures that I can offer that best suit the needs
of your Buyer; the Seller is available to a qualified Buyer. The
Seller/Supplier is the Owner of the oil.
Product: RUSSIAN GAS OIL L0.02-62, GOST 305-82
Origin: Russia
Specification: Based on Standard Specification see Appendix “A”
Quantity: Up to 500,000 (Five Hundred Thousand)
Metric Tons (MT) per month on the first contract to all new buyers.
Multiple contracts, up to 1 Million MT, are possible after first
successful delivery and payment are completed.
DUE TO LOW ORDER RESTRICTIONS OF 250,000 METRIC TON, ORDERS LESS THEN
250K MT WILL BE GROUPED WITH OTHER CONTRACTS SO THE MINIMUM REQUIREMENT
IS MET. THIS COULD ADD TIME TO RECEIPT OF YOUR ORDER.
Contract Duration: Twelve (12) months with
rollovers and extensions as agreed upon by both parties. Extension up to
sixty (60) months is possible.
Inspection: By
SGS or equivalent Survey company (charges paid by Seller)
Confirmation: The order is confirmed after the
Seller receives and accepts the IRREVOCABLE CONFIRMED PURCHASE ORDER
(ICPO) & RWA BANK COMFORT LETTER (BCL) from the Buyers bank. BCL must be
signed by two bank officers together with the banks seal, and sent to
the Seller. ICPO or LOI with full banking info and soft probe
authorization (SPA) may be acceptable.
Buyers
Documentation: Permit to Import, Signed End User Allocation and Import
License from the authorities to enter the Terminal. Other to be
determined during negotiation.
Price (Fixed):
USD $405.00/ 395 per MT by CIF RDLC + 1 Month BG
USD $385.00/373 per MT by CIF RDLC + 3 Month BG
*FOB allocations will incur a $5 increase in Gross price.
Terms of Delivery: On contracts after initial
allocation, additional allocation would ramp up through separate
contracts of up to one million MT every three to four (3 to 4) weeks
until total monthly order allocation is met and will remain at total
allocation for the duration of the contract until ramp down commences.
CIF ASWP
Terms of
Payment: 1. Monthly Payment by Revolving, Assignable, Irrevocable,
Divisible, Transferable, Confirmed, Documentary Letter of Credit (RDLC).
*Payment by Telegraphic Transfer (TT) will
increase Gross price by $5
AND
3. Guaranteed by and Unconditional, Callable,
Irrevocable, Transferable, Negotiable, Divisible, Assignable Bank
Guarantee (BG) or SBLC from one of the S Prime 25 World Banks for the
amount equal to One or Three (1 or 3) months purchase order value,
maturing after one year and one day.
Performance
Bond: The Seller will issue a 2% (two percent) Performance Bond of one
Monthly Lot delivery in favor of the Buyer as per the terms of the
contract. The Performance Bond will be issued based on INCOTERM ICC 500.
Laycan: For the first delivery within Forty Five
(45) working days after receipt and confirmation of Blocked Funds Letter
and second shipment and beyond within Thirty (30) days as per the
delivery schedule.
Commission Paid: Seller will
pay the intermediaries and Agents commission (as set out in the
Irrevocable Master Fees Protection Document, annexed to the Main
contract) when the RDLC is cleared in the seller’s account.
PROCEDURES
5. Buyer
issues ICPO
6. Soft offer is issued
7. Within 5 (Five) international banking days
the Buyer must issue an Irrevocable Confirmed Purchase Order (ICPO) and
Bank Comfort Letter (BCL) signed by 2 (two) Bank officers to the
Seller’s Company or Bank Letter Guarantee (BLG) from the Buyer’s Bank to
the Seller. Soft Probe may be acceptable and the Buyer must include this
statement in their ICPO either before or after their bank coordinates:
“We hereby provide our authorization to the bank
of the Seller to conduct an inquiry into our financial capacity in
regards to this transaction (soft probe).”
8.
Seller issues the Full Corporate Offer (FCO) to the Buyer and Buyer
signs and seals the acceptance of the FCO and returns the original to
the Seller. (FCO Valid 5 Working Days)
5. The
Seller will issue a softcopy of Contract Agreement to the Buyer and when
both parties agree on the draft, than both parties sign the Contract in
a way convenient to both. If by courier, then four originals will be
sent to the buyer for signing and return.
6. The
Buyer shall within Fourteen (14) international banking days from receipt
of executed contract, instruct their bank, which must be a ‘Prime 25
World Ranking Bank”, to block sufficient funds to cover 1 or 3 (one or
three) full calendar months’ value of the commodity in the buyer’s own
bank, and issue a “Blocked Funds Letter” to the Seller (either bank to
bank or hard copy). Sample of “Block Funds Letters” are in Annex C and
Annex D.
7. The Seller shall within Five (5)
banking days from the receipt and verification of buyer’s Block Funds
Letter, issue to the Buyer’s Bank a Non Operative Performance Guarantee
in the amount of two percent (2%) of the value of one (1) month’s supply
of said commodity.
8.
The Sellers Bank shall within Twenty One (21) International Banking Days
of verifying the Blocked Funds Letter, Issue a Ready, Willing and Able
(RWA) to the buyer’s Top 25 Prime bank indicating that the POP is in the
bank ready to send.
9.
Buyer’s Bank within Five (5) International Banking Days, shall issues
Seller’s Bank and the Pre Advise (MT799) of an Transferable, Callable,
Negotiable, Divisible, Confirmed, Assignable, Unconditional Bank
Guarantee (BG), for the value of One or Three (1 or 3) months supply,
From A Prime 25 World Rated Bank, and Posted on European Euroclear for
Verification.
10. On
Verification and Validation of the MT799, the seller’s bank shall send
by SWIFT, the POP to the buyer’s bank.
11. The Buyer’s Bank within Five (5)
International Banking Days of Validation and Verification of the POP,
will make the BG operative by MT760, and forward the electronic hard
copy to Seller’s office. Proper Hard Copy can stay in buyer’s bank.
12. On Verification,
Validation and Authentication of the BG, the Seller’s bank will
immediately make the Performance Bond from “7” above operative
13. Buyer’s Bank, within
Five (5) international banking days of the PB becoming operative, will
issue to Seller’s Bank an Operative , Irrevocable, Revolving,
Transferable, Divisible, Assignable, Documentary letter of Credit (DLC)
(one months supply Value)
14. The Seller will provide Charter Party
Agreement to the Buyer, within Fourteen (14) international banking days,
after the Seller send RWA of the POP (Clause 6 above)
15. After the Seller’s
bank receives and confirms the DLC (and other documents listed above),
and within Forty Five (45) Working days of verifying the buyers “Blocked
Funds Letter”, the Seller shall proceed to start loading the Commodity
based on the DLC received and confirmed, quantity, port of delivery,
import license and other related documents from the buyer. The 2nd and
subsequent delivery will be within blocks of Thirty (30) Working days.
(as per loading schedule).
16. The Monthly Lot payment shall be made
against the Sellers invoice (and other documents listed in the contract)
on presentation of the listed documents to the Buyers bank, the RDLC
shall then be automatically topped up for the next month’s shipment.
17. Others are as per
contract
Please enter
Legal Company Name and BG and DLC Issuing Bank Co-ordinates for
inserting in Contract Documents. The exact verbiage of the Pre-Advice BG
must be sent to the Seller in plenty of time to get approval from the
Seller’s Bank PRIOR to lodging the actual BG. This is to ensure that any
changes required can be done before the BG becomes Irrevocable and very
difficult to alter.
This
contract can be consummated very quickly but timing is entirely
dependent on Buyers Documentation reaching our bank QUICKLY.
Please allow soft probe approval (SPA) with
following information.
Bank Name:
Bank Address:
Account Name:
Account Manager:
SWIFT Code:
Telephone
number:
Fax Number:
Bank
Officer’s Name:
Please
Note, these are the procedures that I can offer that best suit the needs
of your Buyer; the Seller is available to a qualified Buyer. The
Seller/Supplier is the Owner of the oil.
Prices and procedures are subject to change
until an FCO or CONTRACT is issued by Seller.
Orides Correa Siqueira
E-mail:oridesnegocios@supersul.com.br
E-mail:oridesnegocios@hotmail.com
E-mail:georgiacassilda@supersul.com.br |
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