We, the undersigned at, BLG OIL SUPPLY, acting based on
Charter, with full corporate and legal responsibility, we are Ready, Willing and Able to Sell DIESEL EN590 10 PPM under the terms and conditions as specified below.
PRODUCT: DIESEL EN590 10 PPM
TRIAL: 100,000 MT
QUANTITY: 100,000 MT X 12 MONTHS AGREEMENT
TOTAL QUANTITY: 1,200,000 MT
ORIGIN: NON RUSSIAN
LOADING PORT: ASWP
DELIVERY: CIF (INCOTERMS-2020) - ROTTERDAM, THE
NETHERLANDS
DELIVERY DATE: FIRST DELIVERY 10 DAYS AFTER PAYMENT
MADE. DELIVERY WILL BE DETERMINED IN THE CONTRACT.
TRANSFERABLE) CIF TRANSACTION PROCEDURE: 1. Buyer send a Letter of Intent indicating interest in the purchase of product at stated quantity. 2. Seller responds to the Letter of Intention (LOI) with a Soft Corporate Offer (SCO) including product specification and Corporate Profile of Seller’s Company. 3. Buyer responds to the SCO with an official Irrevocable Corporate Purchase Order (ICPO) with Buyer’s bank details and BCL (MT199-Bank to Bank). 4. Sellers verifies Buyer’s information and then issues a Commercial Invoice (CI) for the Quantity of Products/Trial Lift available in the Seller’s Storage Tanks. 5. Within 2 business days of the signing of the CI, Seller issues a Draft Sales and Purchase Agreement (SPA) with the mutually agreed terms with the Buyer. 6. Buyer returns the signed draft SPA with indicated amendment if any within (2) working days. 7. 24 Hours after both parties signed and confirm to the SPA/CI, Seller issues the following set of Partial Proof of Products (PPOP) Documents to the Buyer; a. Certificate of statement of availability of the product b. Company registration certificate of incorporation c. Commitment to supply 8. Within 7-10 business days after the receipt and confirmation of the SBLC (NON-TRANSFERABLE) by the Buyer, Seller schedules shipment to Buyer destination port and issue Full Delivery documents stated below to the Buyer; a) Product/production Allocation Application Permits b) Product/production Allocation Ownership Title c) Application and Ownership of Export Permits d) Export Tax and Duties Payment Receipts e) Bulking Storage Tank & Payment Receipts f) Certificate of Analysis G. Certificate of Origin and Customs Declaration g) Certificate of Quality h) Certificate of Weight i) Bill of Lading j) Dip Test Authorization (only applies to product lifted from storage or transfer tanks) k) Copy of the Charter Party Agreements to Transport the Product to Discharge Port l) Copy of the Refinery Commitment to Produce the Product m) Certificate of origin n) Product passport quality & quantity at country of origin (analytical report by authorized petroleum laboratory) o) Approval to export (export license) 9. Buyer executes the payment of the products invoice value after customs clearance (Q&Q Certificate (s) issued at the destination port) to the Seller Bank Representatives account via MT103-T/T wire transfer. 10. Seller transfers to the Buyer TITLE OF OWNERSHIP CERTIFICATE