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we need spot seller

  • Bangladesh Bangladesh  
  • Quantity Required: 500000 Barrel
  • Annual Purchase Volume: 24000000 Barrel
  • Last Updated:
    Posted on: 11 Apr 2024

  • Buying Frequency: Annually
Buyer Information

RFQ Details

Dear
Willing to work in this procedure and the form of payment and to pay commission!JP54 FOB RotterdamPrice : USD 99 per BBLQuantity: 500, 000 Barrels Spot (Trial Shipment)Total Contract: 2, 000, 000 Barrels X 12 monthsBANK TO BANK PROCEDURE (VIA SWIFT NETWORK ).1. Buyer issues ICPO.2. Seller issues FCO to Buyer.3. Buyer signs and returns FCO to Seller.4. Seller issues draft contract to Buyer.5. Buyer return countersigned contract to Seller.6. Seller and Buyer exchange approved copy contract electronically and lodge contractwith their respective banks.7. Buyers bank issues POF by MT7998. Seller issues: CI (Commercial Invoice), DTA (Dip test Authorization) and Q-Q(Quality and Quantity) report (loading information, pipeline, tanks..) for the first lift.9. Buyer issues Non-operative DLC = 365+60 days, as payment guarantee for the subsequent lifts.10. Seller sends full pop and 2% performance bond to the buyers' bank to bank, DLCbecomes operative.11. Buyer Dip Test and issues MT103/TT for the immediately lift able lot.12. Shipment commences as per contract


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