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  • Nigeria Nigeria  
  • Quantity Required: 2400000 Metric Ton
  • Annual Purchase Volume: 28800000 Metric Ton
  • Last Updated:
    Posted on: 16 Jul 2021

  • Buying Frequency: Monthly
  • Payment Terms: L/C
  • Shipping Terms: CIF
  • Destination Port: ROTTERDAM

RFQ Details

We are for introduction SALEM GLOBAL MINERALS & COMMODITIES LIMITED. We are Petroleum Products Marketing [Buying & Selling] Consultants, Based in Nigeria & a member of Trade Key.com. One of our oversea Buyers urgently want Automotive Gas Oil & had proposed the procedure below for the supply of 2.4M metric Tons of AGO per month (totaling 28.8M metric tons for 12 months) at the rate of $750.00 per metric ton. Please let me know as quickly as possible if you are willing to work with the buyerâs procedure and to fulfill the obligations as requested by the buyer.
The procedureâs summary is as follows:-
1. Agreement is signed and lodged with the respective banks of the parties;
2. Seller issues a proof of product from the refinery as contained in the SPA;
3. Buyer issues non operative IRDC/LC to the value of one month's transaction;
4. Seller issues a 2% Performance Bond to activate the LC;
5. On receipt and approval by buyer, seller commences supply as per the agreed terms;
6. Payment is made by Swift MT103 immediately upon receipt of each shipment.
The process is repeated for 12 months with adjustments as per business transactions customs.
Please review and get back to me immediately.
Emmanuel Gerards.

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