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WE WANT TO BUY PET COKE

  • Nigeria Nigeria  
  • Last Updated:03 Apr 2020
  • Buying Frequency: Monthly
  • Payment Terms: L/C

RFQ Details

Basic information:
- COMMODITY : Pet Coke.
- QUANTITY : 20.000 / 30.000 / 40.000 MT / shipment x 12 MONTH.
- PAYMENT TERMS: By irrevocable L /C. CIF. at sight.
- Discharge PORT: CIF Port upon agreement.

CIF TRADING PROCEDURE:
1. Seller issues SCO/FCO.
2. Buyer sends ICPO with full banking details and Company registration/Passport copy.
3. Seller issues Commercial Invoice to Buyer.
4. Seller will provide the product Sample (3Kg or 5 Kg) with an Analytic Report to buyer for the inspection of End User through a government secured courier service. The freight charge/Cost will be borne by the Buyer.
5. Seller issues Draft contract to Buyer.
6. Seller Legalizes the Draft contract, and send the final approved contract to Buyer via fax or Secured e-mail along with POP, which include:
A. Company Registrationâs Copy.
B. Certificate of Origin.
C. Statement of Availability of Product.
D. Product Passport.
E. Q&Q done by indigenous lab.
F. Commitment to supply.
G. Tax Registration & Export License.
7. Both Parties Lodge the Final Contract to their Respective Bank.
8. Within Three (3) banking days after the buyerâs payment instrument, Sellerâs bank verifies and issues 3% PB to Buyerâs Bank. Sellerâs Bank will then release the Full POP including Shipping Documents to Buyerâs Bank (The List of Full POP will be indicated on the SPA and Letter of Credit).
9. Shipment commences as per schedule.
10. Buyer releases payment by MT103/TT to Seller upon confirmation of the SGS at destination port.

STANDARD SPECIFICATIONS:
RQRD CHARACTERISTICS VALUES ON DRY UNIT? 10 % MOISTURE Minimum 80% < 20

GRANULOMETRY SIZE < 30 mm mm Minimum 95% ?4 % SULFUR mm ? 7500 �"

HARDGROVE GRINDABILITY INDEX (H GI) 80? HGI ? 5 0

NET CALORIFIC VALUE Kcal / kg % VOLATILE MATTER 10

? 1 % ASH to 15 ? 80 % FIXED CARBON


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