New Age Tech

244 Madison Avenue, Suite 503,New York City,New York,USA

Free Member

D2 Diesel Fuel Oil

USA

D2 GASOIL GOST 305/82

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FOB ONLY, 10% LIFTABLE FOR FIRST MONTH

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Product Specification

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Product Description

D2 –VOLUME: 500,000 MT per Month, DESTINATION & DELIVERY: FOB Rotterdam, PRICE: 30$/20$ Discount from Platts, LIFTABLE:10% of First Month Total, CONTRACT: 12 Months
JP54 (AVIATION FUEL , AVIATION KEROSENE)–VOLUME: 5,000,000 BBLS per Month, DESTINATION & DELIVERY: FOB Rotterdam, PRICE:Gross 11$/ Net 9$ Discount from Platts, LIFTABLE:10% of First Month Total, CONTRACT:12 Months
AVIATION FUEL-JET A-1 –VOLUME: 1,000,000 BBLS per Month, DESTINATION & DELIVERY: FOB Rotterdam, PRICE:Gross 11$/ Net 9$ Discount from Platts, LIFTABLE:10% of First Month Total, CONTRACT:12 Months
Mazut (M100) –VOLUME: 100,000 MT per Month, DESTINATION & DELIVERY:FOB Vladivostok, FOB China or Rotterdam, PRICE: $435/$430 LIFTABLE:10% of First Month Total, CONTRACT:12 Months
SELLER: PROCEDURES (Non-Negotiable) PAYMENT & TERM & PROCEDURES (Non-Negotiable)
1.Buyer sends ICPO to the Seller.
2.Seller issues Draft Contract (Draft SPA) open for amendments. Then, Buyer signs and returns to Seller.
3.Both Parties deposit contracts in their respective banks.
4.Seller issues Pro-Forma Invoice for the first month’s liftable quantity.
5.Buyer, upon receipt of the Pro-Forma Invoice and within one (1) working day issues a PRE ADVICE (SBLC) proof of funds SWIFT for ONE MONTHS lift amount, in accordance with the Pro-Forma Invoice.
6.Buyer's bank will initiate communication for the mode of acceptance of the agreed pre-advice SWIFT to Seller’s bank.
7.Seller’s Bank and Buyer’s Bank agrees to SWIFT verbiage.
8.Buyer's bank issues the PRE ADVICE via agreed SWIFT, stating that with full bank responsibility that the Buyer’s bank is holding the Buyer’s SBLC and is RWA to SWIFT the SBLC upon receipt of POP.
9.Seller’s Bank via SWIFT issues the complete POP documents (Proof of Product) to Buyer’s Bank, Bank including the following documents:
10.Upon validation of POP Buyer’s’ Bank will SWIFT the MT 760 including a guarantee written within the SBLC that the SBLC will be left in place for the duration of the contract , if replaced with a subsequent instrument it must be identical in terms to the first. 
11.Seller’s Bank upon receipt from Buyer’s bank of the SBLC will reply with a 2% performance bond to Buyer’s Bank and/or any named assignee by means of a prime top 50 world ranking bank, guarantee Model ICC 458 as acceptable in writing by buyer. If the seller fails to supply the product the 2% will be paid to buyer.
12.After verification of POP, Buyer issues a MT103 money transfer to Seller’s Bank against title transfer.
13.The SGS inspection will be borne by the Buyer at the loading port.

Contact Us

New Age Tech

Contact Person

Ms. Leone

Company

New Age Tech

Address

244 Madison Avenue, Suite 503, New York City, New York, USA,10016

Telephone

1-917-9139995

Mobile

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Fax

1-718-3720811

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