Product Light Crude Oil (300,000 MT/month)
Product Specs Product : Light CRUDE OIL
Specification : A.P.I. 32-40 ; Sulphur 1,8% MAX.
; as per standard export quality
Quantity : up to
300.000 m/tons per month, eventually more
Origin
: non-embargoed countries
Term : spot or 12-60
months
Delivery : F.O.B. or C.I.F. (free
destination contract) Rotterdam
Inspection : by
SGS or equivalent
Price : based upon respective
Platt’s Crude Oil Marketwire quotation minus discount. Rates to be
referred to the low quotations of the three days around the date of the
Bill of Lading or (if C.I.F.-delivery) around the date of discharge (at
Buyer’s option – to be determined prior to execution of final contract).
Discount : best possible
Guarantee : Seller provides first a non-operative
Performance Bond in the amount of 2% of the L/C’s face value in the
favour of Buyer, which will become operative after receipt of Buyer’s
Letter of Credit.
Payment method : After positive
verification of the Proof of Product and after receipt of the Seller’s
non-operative Performance Bond, the Buyer will provide an irrevocable
and documentary (non-transferable and non-divisible) Letter of Credit,
payable at sight against the usual documentation (if F.O.B. = after
completion of loading ; or if C.I.F. delivery = after completion of
discharge based upon out-turned quantity), to cover 100% of the value of
the cargo (non-revolving). The Letter of Credit will be issued by a
first-class West-European bank, therefore an additional confirmation of
the Letter of Credit is not necessary. If the Seller however wishes to
receive a confirmation, then the related expenses are for Seller’s
account.
We respectfully request your Full
Corporate Offer along with the independent verifiable Proof of Product,
which has to be made out in our Buyer’s name for the total volume of
your offer and consists of:
a) Certificate from
Producer, to confirm the Allocation and the Ownership
b) Registration from Governmental Authority, to
confirm the Allocation and to provide the permit for export
c) Seller’s Authority to sell
d) Confirmation from a transport-company, to
confirm the delivery schedule and that the transport of the Product to
the loading port is secured.
e) Lifting Schedule,
confirmed by loading port / terminal
f) Export
Declaration of customs
g) if C.I.F. delivery =
Confirmation from a reputable shipping company, to confirm that the
transport of the Product to the discharge port is secured
Please be informed, that offers for Nigerian
Crude Oil will be only considered if the Seller will provide upfront a
written confirmation for allocation and ownership, which has to be
issued and/or endorsed by the NNPC office in London only.
Quantity Required 300,000 MT/month
Price willing to pay (in $US) Platt's CIF
Destination Port/Country Rotterdam
Countries wanting to import from Non-embargoed
countries
-------------------------------------------------
Awaiting your early response.
Regards,
Tuan Yakin Keedin
Commodity Partner
GIA
Group
280A Princes Hwy, Rockdale,
Sydney 2216 Australia
Contact in Dubai : 971-508561741
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