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Lotus Energy LTD

street 20,cairo,El Tgomgoaa,Egypt

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Lotus Energy ltd . offer sell all petroleum products


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50000 Metric Ton





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Product Description

We are lotus energy company in Egypt and operates a marketing contract for a supply company for oil for commission (we will not mention the name of the company to save our commission excuse us). It has many branches around the world from China to America.
Distribution of commission from the supplier company: from the supplier team (closed) - from the buyer team (open).
Supplier\'s procedure is non negotiable :

You must first approve the supplier\'s procedures if you want to work with us

****  AGREEMENT PROCEDURES: (Non-Negotiable)
1. The buyer shall issue ICPO + BCL upon verification, seller will issue completed signed/sealed
FCO, following by
Draft contract for both parties countersigning.
2. Within 3 three banking days buyer shall review, countersign and/or made any necessary
3. Within 7 seven working days from lodging the Agreement in both banks, Buyers Bank shall
issue the financial
instrument must be issued or confirmed and guaranteed by top world Prime Bank acceptable to
seller .
4. Within 10 ten banking days of the receipt, verify and authenticate of buyers financial
instrument, the seller
shall submit full POP and 2% performance bond for the value of the irrevocable Prime Bank
letter of credit.
5. The first Shipment delivery within 28 working days from the date of the sellers acceptance of
the financial
6. (NCNDA/IMFPA) will be endorsed with sellers and buyers bank. Buyer, upon vessel arrival at
destination port
Buyer discharges the product and within 72 hours pays all parties their commissions.
7. Seller issues full POP documents to buyer via Bank to Bank, namely:
a. Copy of commercial invoice.
b. Copy of Approval to Export certificates.
c. Copy of statement of availability of the product.
d. Copy of the Refinery commitment to produce the product.
e. Copy of the Transneft contract to Transport the product to the port.
f. Copy of the Port Storage Agreement.
g. Copy of the charter party Agreement(s) to transport the product to Discharge port.
h. The Customs formalities, and test report to buyers bank.
i. Certificate of Origin.
j. Copy of vessel Questionnaire 88.
k. Dip test Authorization.
l. Copy of Bill of loading. M. SGS report. N. Tank Receipt.
8. Shipment commences. When ship arrives at destination port and buyer conducts inspection
on the goods and
upon satisfaction, Buyer release payment to Sellers bank after inspection at destination port
100% payable for
each shipment within 3 banking days upon the cargo passed SGS and receipt of all the relevant


Contact Us

Contact Person : Abdo

Company:Lotus Energy LTD

Address:street 20, cairo, El Tgomgoaa,


Abdo < Lotus Energy LTD >
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