Description

COMODITY: D6 (LPFO).
QUANTITY **0,**0,**0 Gallons x *2 WEEKS +/- 5% .                                                                  Contract Terms: *2 Months (With Rolls / Extensions).                                                                   Immediate Liftabel: **0,**0,**0 Gallons.                                                                                         Delivered: FOB Rotterdam.  Price: Gross $2.*6/Gallon / Net $2.*0/Gallon. Commission: *0% Buyers side/ *0% Seller side).
POF: MT**9. Performance Bond : Posted by the Seller  2% of  L/C value
Procedures:
 6. Seller and Buyer exchange approved copy contract electronically and lodge contract with their respective banks.
7. Buyers bank issues POF by MT**9 for first liftable, SBLC or RDLC to Sellers bank.
8. Within *4 hours Seller issues: Commercial Invoice, DTA and Q-Q report for the first lift.
9. Buyer Dip Test and issues MT**3/TT for the immediately lift able lot, and, Non-operative RDLC, as payment guarantee for the subsequent lifts
8