We, B&T Consulting on behalf of the buyer, confirm under penaltythat he is ready, willing and able to make the following purchase, according to the hereunder-mentioned relevant terms and conditions. Buyers ICPO is already on our trade desk. Commodity: Gas oil Automative Diesel D 2 Quality: as par refinary specification and as per ?Standard export? specification Origin: CIS countries, Russia Quantity: 500,000 up to 2,000,000 MT plus - minus 5% in different lots every month, beginning from February 2002, according to the agreed schedule. Contract: for 36 month + extensions Delivery: CIF Ship size: 50,000 MT Price: Price of the Goods sold hereunder shall be stated in US Dollars, is fixed and stable price per 1 metric ton on basis of CIF Med BASIS GENOA/MAVERA. The price is calculated as 3 days average of the highest/lowest quotation of Platts European Marketscan for Gas oil D 2 by taking the published reports for five issues. Discount: Gross US$ 13 (Thirteen US Dollar) and net discount of US$ 11 (Eleven US Dollar) per MT. Commission: USD 1 sellers side closed, USD 1 buyers side. FPA will be included in contract. Payment: Payment by a revolving, confirmed, irrevocable Documentary Letter of Credit by a Prime Bank Payment will be done 5 days after presentation of the documents at buyer`s bank. Inspection: SGS for quantity and quality at loading paid by the seller, at unloading paid by the buyer. Performance bond: 2 % performance bond covering each month`s shipment. Condition: Proof of product and refinery at the undersigning of the contract. Bank to bank communication for payment terms and conditions. DLC wording will besigned and sealed by the bank, the moment we recive the contract. DLC will only be issued by the bank, if the bank of the seller is a prime European or Amarican bank. We need proof of product and in exchange we offer proof of funds. Show More