Hi Dr. Nair,
We are now direct to a company that has a JV
with the Russian refinery O.A.O Tatneft. We have verified with known
oil buyers who have secured product through this company that they are a
legitimate source of D2, JP54, JPA-1, etc. We are on the buy side of
commissions. We also have access to legitimate suppliers of cement,
sugar, urea and scrap metal whom we have closed deals with. Please see
the info and procedures for our fuel supplier listed below. Thanks.
They only do
contracts being able to supply up to 5 million MT per month of D2
(pricing currentlt $390/$380) and up to 10 million Barrels of JP54
(pricing currently $48/$44) per month as well as JPA – 1, Mazut, etc.
The pricing is fixed for the life of the
contract.
The procedures are straight forward
and a conference call can be organized with the seller mandate after
ICPO has been submitted.
Procedures:
1. Buyer issue Irrevocable Corporate Purchase
Order with full banking and RWA or MT799 to Seller
2. Seller issues FCO
3. Buyer signs, seals and returns executed FCO to Seller
4. Seller provides draft contract for signing,
then POP for verification by Buyer’s Bank
5.
Conditional MT 103/23 to be sent to Seller's Bank as per final
invoicing.
6. Seller’s Bank issues Full Hard
Copy Proof of Product to Buyer’s Bank activating financial instrument
upon POP confirmation.
7. Ownership / Title
Deed Transfer and payment are exchanged Bank to Bank.
8. The transaction is consummated as contracted
Regards,
Jack Gordon
F and J
Consulting, Inc. |
