–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,
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
(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
(Non-Negotiable) PAYMENT & TERM & PROCEDURES
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
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
9.Seller’s Bank via SWIFT issues the complete POP documents (Proof
of Product) to Buyer’s Bank, Bank including the following
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
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