Posted by Lester Matthews on May 18, 2004 at 13:43:09:
FULL CORPORATE OFFER
OF RUSSIAN GAS OIL FOB „D.2” L.02 - 62 GOST 305 - 82
We hereby confirm , with full corporate authority and legal responsibility that we are ready, willing, and able, to sell Gas Oil „D.2” from the well know supplier , under the following terms, and conditions :
Product : Russian Gas Oil “D.2” L0.2 - 62 Gost 305-82
Origin : Russia /CIS
Quantity : 200.000 MT UP TO 500. 000 MT per month, (+/- 5%)
Specification : Standard Russian Specification for Gas Oil, L02 -62. Gost 305 -82
Inspection : Quality & Quantity by SGS or Equivalent at Seller‘s cost at port of loading.
Duration : 12 UP TO 60 - months , with rollower , and extensions .
Delivery : FOB VENTSPILS
Price The price in US dollars per net metric ton FOB port Ventspils, Baltic Sea shall be constructed as follows:
1.) The arithmetic average of mean (low/high) of 3 (three) successive quotations as published in "PLATT'S EUROPEAN MARKETSCAN” for GASOIL 0.2 under the titles “Cargoes CIF NWE / Basis ARA” and "Barges FOB Rotterdam”, effective for one day before, one day following and the day of the date of the Bill of Lading, less a Gross discount of US$ 10.00 (Ten) per metric ton and Net to the Buyer US$ 8.00 (Eight) per metric ton.
1.1The Commission of US$ 2.00 (Two) per metric Ton to be paid by the Seller as signed per Irrevocable Fee Protection Agreement , split 50/50 between Buyer’s / Seller’s Sides and Intermediaries.
Terms of Payment and Contract procedure
Payment for the goods to be delivered under this Contract shall be effected as follows:
After signed the Hard Copy Contract by Seller, and Buyer, within 48 hours (Forty eight hours ), Seller’s Bank provide the Proof of Product, and verifiable copy of the Delivery Guarantee .
Upon successfully verification, within 72 - hours (Seventy two hours) shall to issues Proof of Funds to the Seller’s Bank, acceptable as POF are also a Pre - advise Irrevocable, Documentary, Revolving, Letter of Credit, from TOP 25 World Bank, to be submitted by the Buyer, for the Seller’s approval
Upon reception of this Non - Operative Letter of Credit , the Seller’s Bank will issue a 2% Operative Performance Bond, in a form, and on a Bank acceptable to Buyer’s Bank .The Buyer’s Documentary Letter of Credit, shall become automatically operative, upon receipt by the Seller’s Bank 2% Operative Performance Bond, is calculated in view of the price of the sold goods.
Buyer’s Bank shall open an Irrevocable, Automatically, Monthly Revolving, Documentary, Letter of Credit, payable at sight at the canters of the Buyer’s Bank, upon presentation of full set of shipping documents. The Letter of Credit shall cover monthly shipments, until completion of the contracted quantity, (within 12 - months), with rollover, and extension for 60 - months period .
After end of each shipment of goods the Buyer upon the date of presentation against Seller’s invoice and the below following documents to the Buyer’s bank instructs his bank to pay the full compensation on seller’s account for the corresponding and executed deliveries of the goods.
Transfer of banking instruments and banking confirmations to be effected only by S.W.I.F.T. or Tested Telex.