 D2 Gost 305-82, 13Million MT FOB Spot, 7Million MT ready in Rotterdam (Offer to Sell)
Trade Lead Description:
COMMODITY: RUSSIAN GAS OIL D2 GOST 305-82
PRICE: FOB TERM FIXED PRICE: GROSS $ 660 /NET $ 650 /SPOT
PROCEDURES:
1. BUYER SENDS PURCHASE ORDER (ICPO), BCL WITH RIGHT TO SOFT PROBE
2. SELLER ISSUES FCO
3. BUYER SIGNS AND RETURNS FCO WITH LETTER OF ACCEPTANCE
4. SELLER ISSUES DRAFT CONTRACT, OPEN FOR AMENDMENTS
5. BUYER RETURNS SIGNED CONTRACT
6. SELLER ISSUES PARTIAL POP, AND COPY OF TANK RECEIPTS
7. BUYER ISSUES POF MT 799 FROM PRIME BANK
8. SELLER ISSUES ORIGINAL CONTRACT FOR FINAL SIGNATURE, TO BE RETURNED BY COURIER
9. PAYMENT:
A. IMMEDIATELY AFTER LODGING CONTRACTS, BUYERS BANK TO ISSUE MT 103/23 PAYMENT INSTRUMENT TO SELLERS BANK PAYABLE UPON TRANSFER OF TITLE EQUAL TO THE AMOUNT/COST OF PRODUCT
B. IMMEDIATELY AFTER LODGING CONTRACTS, BUYERS BANK TO ISSUE SEPARATE MT 103/23 PAYMENT INSTRUMENT TO SELLERS BANK PAYABLE UPON TRANSFER OF TITLE EQUAL TO THE AMOUNT/COST OF TANK STORAGE FEES
10. SELLER TRANSFERS TITLE TO BUYER, PAYMENT IS RELEASED
Posted from Canada - Ontario on 25 September, 2008
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