November 17, 2008
Dear Sir,
VALIDITY OF THIS FCO IS 7 DAYS EFFECTIVE FROM
DATE OF ISSUANCE.
WE, ON
BEHALF OF PRINCIPAL SELLER, HEREBY CONFIRM THAT, WITH FULL CORPORATE
RESPONSIBILITY AND AUTHORITY, THAT WE ARE READY, WILLING AND ABLE TO
SUPPLY THE ABOVE PRODUCT COMMODITY AS PER THE TERMS AND CONDITIONS
BELOW:
1. PRODUCT:
RUSSIAN GAS OIL L0.02-62 , GOST 305-82
2 ORIGIN:
Russia
3. SPECIFICATION: Base on standard
Specification Origin
4. QUANTITY: 600,000 MT x
12 months with possible Rolls and Extension
AWSP.
5. CONTRACT DURATION: Twelve (12) months
with agreement between Seller and Buyer.
6.
INSPECTION: By SGS or any similar company and the Seller will pay the
charges.
7. CONFIRMATION: The order is confirmed
after the Seller receives the IRREVOCABLE CONFIRMED PURCHASE ORDER
(ICPO).
8. BUYERfS DOCUMENTS: Import license
from the authority to enter the terminal. Others to be agreed later
between Buyer and Seller.
9. PRICE FIXED: CIF
PRICE @ USD 530.00/MT GROSS & 510.00/MT NET ASWP. (Absolutely confirmed
on acceptance of Signed Contract)
10. TERMS OF
PAYMENT: Monthly Payment by a Revolving, Irrevocable, Transferable,
Confirmed Documentary Letter of Credit operative upon Seller issuing a
2.0% Performance Bond within seven (7) international banking days.
.
11. PERFORMANCE BOND:
The Seller will issue 2.0% Performance Bond for the amount of one
monthfs delivery only.
12 COMMISSION USD 10.00
FOR SELLER SIDE and USD 10.00 FOR BUYER SIDE.
13
BANKING SECURITY One (1) month shipment value of SBLC/BG valid for one
(1) year and 45 days will be issued in favor of the Seller
Procedures:
1. Seller
issues FCO to Buyer
2. Buyer issue ICPO to
Seller
3. Seller verify from both parties bank
(Within 5 international banking days)
4. Seller
draft contract to Buyer
5. Upon acceptance of
draft Contract, Buyer signs and returns to Seller
6. Buyerfs bank and Sellerfs bank communicate
and agree on final wording of Documentary Letter of Credit
7. Buyer issues Pre advice L/C, and Seller Bank
issues soft POP against documents.
8. Seller
bank issue non-operative 2.0% performance Bond (PB) to Buyerfs bank
9. Seller issues one (1) month shipment value of
SBLC/BG valid for one (1) year and 45 days will be issued in favor of
the Seller, and POP to finance the last shipment.
10. Buyerfs bank issue 100% Assignable,
Irrevocable, Transferable, Revolving, Divisible operative Confirmed
(IRDLC) for each cargo shipment of per delivery
11. Activated the 2.0% PB
12. Seller,
Intermediaries, Seller sign MPHA / NCND
13.
Shipment commence as per contract
NOTE:- It is essential that the buyer supply the
exact verbiage of the LC in good time to allow the sellers bank to
authorize it. This is to ensure the LC is not issued then not acceptable
(as it is irrevocable).
ANNEXURE A
HS-D2 GASOIL L-0, 2-62
Corresponding to GOST 305-82
SPECIFICATIONS
RUSSIAN GASOIL 0,2/62 HS-D2 L-0, 2-62
COMPONENT UNIT MIN. MAX.
‡@DENSITY@ 20 DEG C KG/m3 0,870
COLOUR 2.0
FLASH POINT,
Pmcc DEG 57 62
KINEMATIC VISCOSITY C-ST 3,0 6,0
POUR POINT DEG. C (*) -10,0
CLOUD POINT DEG. C (*) -5,0
MERCAPTAN SULPHUR 0,01
ACIDITY, MG/1000CM3 5
IODINE NUMBER g/100g 6
ASH %wt 0,01
‡ATOTAL
SULPHUR %wt 0,02 0,05
COPPER CORROSION 3HRS@
50DEG.C (TYPICAL) 1A
CCR ON 10% RESIDUES %wt
0,20
CETANE INDEX 45
DISTILLATION RANGE
-50% RECOVERED VOL. DEG.C 280
‡B-90% RECOVERED VOL DEG.C 360
-BACTERIA MBC FIBRE/IT 500
-BACTERIA CFU FIBRE/IT 1000
(*) SUMMER FROM MARCH TO
OCTOBER (PP-5,0 DEGREES C)
SUMMER FROM MARCH TO
OCTOBER (CP-0,0 DEGREES C)
WINTER FROM NOVEMBER
TO FEBRUARY (PP-10,0 DEGREESC)
WINTER FROM
NOVEMBER TO FEBRUARY (CP-5,0 DEGREES C)
If you are interested,
please advise via email and I will issue the Official FCO signed and
sealed.
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E-mail:sa21231@hotmail.com
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