MAZUT 100 GOST –1058575 RUSSIAN ORIGINS
CIF Price: $440 GROSS / $430 NET
Origin: Russia
Commission: 50/50 both Side, Buyer Side and Seller
We allow 50,000MT trial order for all new buyers before supplying the requested Quantity
* ICPO Complete with details — FCO be Issued within 4 days.
STANDARD PROCEDURE
1. Buyers issues Irrevocable Corporate Purchase Order (ICPO) with right to soft probe to ILEKNEFT Subsidiary to the Refinery.
2. Seller issues the Full Corporate Offer (FCO)
3. Buyer endorses FCO and sends back with acceptance letter with terms and procedure of end Seller company.
4. Both parties sign and seal the contract and exchange the copies electronically. The electronically exchanged copies will be legally binding until the hard copies are exchanged.
5. Upon acceptance of draft contract by both parties, Buyer and Seller sign NCND/IMFPA.
6. Seller send to the Buyer the partial proof of product (POP) and the shipping document as listed below via email.
i). Statement of Product Availability
ii) Refinery Commitment to Supply the product
iii) Certificate of Origin of the product
iv) Company License to Export
v) Company Registration Certificate
vi) Product Passport (Dip Test Result)
vii) Tank Receipts
viii) Bill Of Lading and Vessel’s Q88
7. Upon receipt of the above documents by the buyer, Buyer shall not later than 48-72 Hours swift MT799, to Seller bank as POF.
8. Upon Seller/ Receiving and successful verification of MT799, Seller summit the contract to Ministry Of Energy for registration and Final Approval.
9. Seller bank shall not later than 48-72 Hours swift POP to Buyer bank.
10. Buyer’s bank issue to seller’s bank an Irrevocable Confirmable Unconditional Standby Letter of Credit.
11. Upon receiving Buyers payment instrument Seller’s bank shall not later than 24-48 Hours swift in return 2%PB to Buyers bank.
12. Seller will release payment to all intermediaries involved within 48 hours of receiving buyer’s payment.
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