Looking for D2, JP54 and Mazut 100 required for valued customers.
Send your offers at d2-jp54-mazut100@hotmail.com
Send your offers at d2-jp54-mazut100@hotmail.com
Only Verified Sellers/Title Holders/ Allocation Holders.
Procedures to be Followed:
Buyer's Procedure to buy is very simple and is of major buyer.
1- Seller issues SCO (Soft Corporate Offer), it is basically a quote.
2- Buyer Issues ICPO (Irrevocable Corporate Purchase Order) with authorization of soft probe and complete banking deetails.
3- Seller Issues FCO (Full Corporate Offer) and Contract for Open amendments.
4- Buyer Signs contract and send a soft copy in PDF form to Seller and Hard Copy through 1st Class courier for signing.
5- Seller legalized the contract.
6- Buyer establishes contact with the legal department for final wording before Legalization (NO FEE REQUIRED!!!).
7- Seller appoints and signs pact with the shipping company.
8- Buyer contacts Shipping Company to summarize Shipping terms and schedule.
9- Buyer / Seller signs and seals the final Contract in Sellers’ office.
10- Both Parties lodges the final Contract with their respective banks.
11- Seller transfers an ‘Assignable’ POP (Proof of Product) to their Bank (for first month’s deliveries, upto 500,000MT).
12- Buyer verifies POP within three days and on verification, authorizes his Bank to purchase the POP against an MT 103 transfer.
NOTE: THE POP MUST HAVE TANK RECEIPT, SGS REPORT, AND DIP TEST AUTHORIZATION FROM THE PORT.
13- Deliveries during the next 11 months will be transacted through Revolving L/Cs.
14- SELLER notaries and legalize the product officially with their refinery under the Russian ministry of energy and the Russian chamber of commerce and negotiation with Transaction code No. from the ministry of energy Russia.
15- SELLER issues 8 hard copies contract for final signatory, both party exchange hard copies of contract via courier. SELLER and BUYER lodge contract in respective banks.
16- SELLER issues a bank letter to confirm SELLER is ready and able to issue a 2%
17- PERFORMANCE BOND and FULL PROOF OF PRODUCT within 5 banking days
18- After receiving BUYER’S non-operative SBLC. If SELLER fails to supply the delivery of the goods according to agreement, this 2% PB will be paid to the BUYER as compensation.
19- BUYER issue non-operative SBLC for first shipment within (10) working days. Within 7 (seven) working days SELLER will invite BUYER down to Russia (Moscow) to view the allocation. (at BUYER’S discretion)
20- Buyers’ bank Swifts Irrevocable transferable / Non Transferable DLC to Sellers’ Bank.
21- Delivery commences as per agreement in schedule and the shipment arrive at BUYER’S discharge port within 20 – 35 days after the DLC received by the SELLER’S bank.
22- Buyer within (3) Banking days of issuance of Buyer’s Operative Financial Instrument release Payments to Intermediaries involved.
