COMMODITY: D2, JP54, LNG, MAZUT, D6, UREA, REBCO, CST, GASOLINE, base OIL, DAP, BITUMEN, BLCO
TYPE OF CONTRACT: Spot + year contract. DELIVERY: CI DIP & PAY Novorossiisk, or exw rotterdam
Procedure CI DIP & PAY
1. You send us the ICPO + agrees to seller process
2. Buyer must privide us with tank number or vessel number in Rotterdam
3. We receive from you the SPA + NCNDA/IMFPA
4. Buyer resents the SPA signed with the SBLC & NCNDA/IMFPA
5. Seller issues: CI, DTA and Q-Q report for the first lift
Procedure Draft Contract.
1. Buyer issues ICPO and agrees to seller process.
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
contracts with their respective banks.
7. Buyers bank issues POF by MT799 (or SBLC) to seller’s bank
8. Seller issues: Commercial Invoice, DTA and Q-Q report for the first lift
9. Buyer dip test and issues MT 103 or MT103/23 for the immediate liftable lot
and, issues Non-Operative RDLC, as payment guarantee for the subsequentlifts.
10. Seller sends full POP and 2% performance bond to the buyers' bank to bank,
RDLC becomes operative.
11. Shipment commences as per contract
This deal can be treated very quickly as per to your client’s needs.
I thank you for your time & shall welcome the opportunity to speak further with you.