Gas Oil

Product: GASOIL D2 L 0.2 62 GOST 305 82
Origin: Russia
Quantity: Work with quotas, 1 and 5 million per month for 12 months, and rollover extension,
+/ 5%
Period: 12 month period (with extension/rollover possible)
Quality: Export Quality as in Appendix 1
Delivery: CIF Rotterdam or Houston
Fixed Price : US$ XX Gross / US$ YY Net The target price varies according to the amount of the
order1 Million MT/Month x 12 Month U$S 720/710.
5 Million MT/Month x 12 Month U$S 680/670.
10 Million MT/Month x 12 Month US$ 660/650.
Terms of Payment:
Monthly Payment by Revolving Irrevocable, Divisible, Transferable, Confirmed documentary Letter
of Credit (IRTDLC), from one of the S&P prime 25 Western World Banks for the entire contract.Performance Bond:
The seller will issue a performance bond based on 2% of the shipment value of
one month delivery.
The Performance Bond will be issued based on INCOTERMS ICC 500 after the Sellers
Bank receives the Operative, Irrevocable, Divisible, Transferable, Revolving,
documentary Letter of Credit (IRTDLC) from the Buyer.
Procedures:
1. Buyer sends, LOI/ICPO with Full coordinates of bank and Business address, contact info
including phone/fax, email and target price.
2. Buyer ICPO to be addressed to: Héctor O. Etcheverry /HOET AGRO SA,
3. Seller sends FCO
4. Buyer accepts this FCO; sign seals and sends FCO back to the Seller, and also BCL/POF via
SWIFT MT799 to the Seller Bank
5. Seller issues Draft Contract.
6. Buyer completes the Draft and accepts Terms and Conditions in Draft contract by signing and
endorsing the contract with company seal.
7. The Seller sends partial POP, via SWIFT MT799 to Buyer Bank.
8. The Buyer sends the Draft of Letter of Credit Verbiage and via email.
9. After the Seller accepts the verbiage of the Letter of Credit that will be issued by the Buyer to
Seller, the Seller and Buyer sign seals the Contract and exchange the Hard Copies via DHL /
FedEx and also provide the tracking number.
10. Within 10 Banking days the buyer sends pre advise of the LC via SWIFT MT 799 for the Sellers
acceptance.
11. Buyer issues Letter of Credit Via MT 760 to Seller Bank and confirms with TOP 25 Prime Banks
in the World.
12. Sellers bank verifies LC and places order for shipment.
13. The seller sends Full POP via Swift MT799, and 2% PB acceptable the Bank for Buyer, will
automatically activate the Letter of Credit
14. Shipment as mentioned in the contract starts after mutually agreed delivery schedule and
continue until full quantity is delivered.
/confirm/iation:
The order is confirmed after the Seller receives and accepts the Irrevocable, Confirmed Purchase
Order (ICPO) & Pre Advise DLC (irrevocable, /confirm/ied, transferable & divisible (IRTDLC) from the
Buyers bank and sent to the Sellers bank by bank Swift and the signed contract from the Buyer.
Buyers documentation:
Permit to import, Signed End User Allocation and import License from the
authorities to enter the Terminal. Other to be determined.
Appendix 1
SPECIFICATION OF RUSSIAN ORIGIN Gas Oil L 0.2/62 (GOST 305 82)
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