Commodity Trading

Commodity Trading

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  • Ruben Delgado
    Ruben Delgado    Premium Member   Group moderator
    The company name is only visible to registered members.
    URGENT MAZUT OFFER FOB ROTTERDAM !!!
    PRODUCT: MAZUT 10585/75
    ORIGIN: RUSSIA
    QUANTITY: 1000 000MT X 12MONTHS
    DELIVERY: FOB ROTTERDAM
    PRICE: US$385/$375
    COMMISSION: 50/50- SELLER SIDE CLOSED
    BUYER SIDE OPEN + MY GROUP

    6.1 Buyer confirm soft offer and issue ICPO with full banking details.
    6.2. The seller issues FCO to the Buyer Company.
    6.3. Buyer signs and returns FCO.
    6.4. The seller issues draft contract to Buyer which is open for amendments, buyer sign and return.
    6.5. Both parties lodge contract in respective banks.
    6.6. Seller bank sends Partial POP within 2 Working Days. Buyer’s Bank places MT103/23 and IRDLC.
    6.6.1 Partial POP includes and provide vessel.
    Copy of license to export, issued by the department of the ministry of energy. Copy of approval to export, issued by the department of the ministry of justice. Copy of statement of availability of the product. Copy of the refinery commitment to produce the product.
    6.7. Seller Bank issue Full POP documents plus 2% PBG to Buyer bank via swift. Full POP documents to include:
    6.7.1 Copy of license to export, issued by the department of the ministry of energy. Copy of approval to export, issued by the department of the ministry of justice. Copy of statement of availability of the product. Copy of the refinery commitment to produce the product.
    6.7.2 Copy of contract to transport the product to the port of loading. Copy of SGS or Equivalent Report.
    6.7.3 Copy of charter party agreement {to be provided by buyer} to transport the product to discharge port, Bill of Lading.
    6.8 Delivery commence as per contract.
    6.9 The SGS inspection will be borne by seller Company at the loading port and Buyer at the unloading port.
    6.10 Delivery commence as scheduled. Buyer release payment to seller Company via Swift Fund Transfer within 3 banking days after the loading of cargo and receipt of all relevant shipping document for immediate negotiation and credited at Buyer's Bank Account.
    6.11 Seller and Buyer releases Commission to All Broker's and Facilitators within 72 Hours upon loading of each cargo shipment and presentation of receipts of all relevant shipping documents.
    • 07 Mar 2011, 11:19 pm