TO;END REFINERY VIA Vladimir oil company/ investLLC
We, China Powerful Development Limited, hereby with full corporate and legal responsibility, under penalty of perjury confirms that we are ready, willing and able to purchase the following petroleum products ,.Mazut M100 GOST 10585-99-1(75)
COMMODITY Russian Fuel Oil Mazut M-100
SPECIFICATIONS GOST 10585-99-1(75)
ORIGIN RUSSIAN FEDERATION
PRICE GROSS USD$400.00- USD$380.00/MT NET SPOT
QUANTITY 500,000 MT SPOT FIST SHIP 100.000/MT+100.000/MT X4
CONTRACT DURATION CONTRACT Can be extended 12X MONTH
LOADING PORT CIF CHINA QINGDAO PORT
PAYMENT TERMS (DL/C or BG )+tTT
POP As per documents list in the contract
INSPECTION By SGS at Seller’s cost
SPOT OPERATION PROCEDURE CIF CHINA QINGDAO PORT
1. Buyer issues to Seller ICPO with BCL along with NCNDA-IMFPA.
2. Seller issue to Buyer to sign and return Commercial Invoice (CI)and Partial POP, which consist the following documents:
i. Approval from the Ministry of Justice to Export Product. ii. Statement of Product Availability
iii. Letter of Commitment to Supply from the Refinery. iv. Certificate of Origin
v. Storage agreement
vi. Product Passport (Dip Test Result)
3. Within 2-3 banking days, Buyer’s bank shall issue Proof of Fund (POF) as Confirmed
Operational Irrevocable Transferable MT 760 BLOCK FUND or MT 760 SBLC or MT 760 BG or
MT103/23 as agreed for the face value of First Month quantity in favor of Seller Nominated / Fiduciary Bank and send transmitted copy to Seller directly.
4. Upon Seller confirmation of Buyer POF; Seller Bank shall issue full POP,DTA authorization test, SGS report, shipping documents and 2% PB directly to Buyers Bank.
5. Buyer/Buyer’s Bank confirmed DTA test and make full payment MT103 or T/T wire transfer to Seller’s Bank and lift immediately. Seller pay commission to all intermediaries involved in the dea