PRODUCT / COMMODITY: Diesel Gasoil D2 L-0.2-62 (GOST 305-82)
ORIGIN: Russia.
QUANTITYPERMONTH: 4,000,000 MT.
NUMBER OF MONTHS: 12, Rolls & Extensions to 60 months.
TOTALCONTRACTQUANTITY: 48,000,000 MT Per annum.
DELIVERY SCHEDULE: As per contract.
LIFTABLE QUANTITY: 500,000 MT – FOB ROTTERDAM.
Price Platt’s less Gross discount of USD minus -$32.00 per MT, Net discount of USD minus -$30.00 per MT, FOB – ROTTERDAM
PROCEDURES
1. SELLER ISSUES FCO TO BUYER
2. BUYER REVIEWS AND SIGNS FCO AND RETURNS AND ISSUES A BANK TO BANK MT799 FUNDS CONFIRMATION (Funds not blocked) TO SELLERS BANK WITHIN 24 HOURS FROM DATE OF FCO (today).
3. SELLER WILL IMMEDIATELY ISSUE A COMMERCIAL INVOICE FOR IMMEDIATELY LIFTABLE PRODUCT ALONG WITH DIP-TEST AUTHORIZATION, TANK STORAGE RECEIPT(S).
4. BUYER WILL PERFORM DIP TEST.
5. BUYER WILL ISSUE MT103 FOR LIFTABLE AMOUNTS AND LIFTS
FUEL.
6. SELLER WILL TRANSFER TITLE TO BUYER AGAINST PAYMENT.
7. SELLER ISSUES ANNUAL CONTRACT TO BUYER, BUYER SIGNS AND RETURNS TO SELLER.
8. DELIVERY COMMENCES AS PER CONTRACT SCHEDULE.