Looking for BLCO CIF China ASWP. 2Mbbls mnth x 12 months contract with possible R&E under following Procedures. Discount offer required USD10 Gross USD7 Net at 50 50 Seller Buyer Split. CONTRACTUAL PROCEDURES – CIF CHINA PROCEDURES: SPOT TRIAL ORDER WITH R & E OF CONTRACT. IMPORTANT: banking by both Buyer and Seller must be with TOP 50 PR Show More...
Looking for BLCO CIF China ASWP. 2Mbbls mnth x 12 months contract with possible R&E under following Procedures. Discount offer required USD10 Gross USD7 Net at 50 50 Seller Buyer Split. CONTRACTUAL PROCEDURES – CIF CHINA PROCEDURES: SPOT TRIAL ORDER WITH R & E OF CONTRACT. IMPORTANT: banking by both Buyer and Seller must be with TOP 50 PRIME BANKS. The procedure for this transaction as indicated hereunder shall be followed in its strictest terms. 1) Seller issues signed and sealed draft Sales and a Purchase Agreement (SPA) for Buyer’s review, seal and signing. Buyer returns signed and sealed SPA to Seller. Both Seller and Buyer lodge SPA with their respective Banks to enforce. After this all communications follow bankto-bank unless written request is granted by parties to do otherwise. 2) Seller’s Bank issues RWA on the issuance of uyer’s Bank stating, “We are ready, willing and able to issue 2% Performance bond, Standby via MT760 swift transmission as per Buyer’s instructions as soon as we receive the bank instrument of the Buyer.” see the proposed verbiage in Annex N° 4. 3) Within 2 banking days upon receipt of RWA from Seller’s Bank, Buyer’s Bank issues a onecargo value non-operative MT700 in favor of Seller’s receiving Bank Account. 4) Within 2 banking days upon receipt of non-operative ler issues 2% performance bond irrevocable, transferable, and divisible from prime bank or confirmed in favor of Buyer to activate the non-operative The 2% PB and in in force as guarantee for the duration of the contract. 6) Upon Receipt and confirmation of Buyer’s MT700 ler through Terminal nominates vessel, process loading Laycan, Loads, Clear the vessel and instructs the Captain to send NOR ETA and sail to Buyer’s Port Of Discharge (POD) and full cargo shipping documents and Title documents reassigned to buyer as the legal consignee. (The Title documents are Certificate of Ownership and Title of Warranty). 7) Upon Vessel arrival and cleared into Buyer’s POD, the captain will send out an Authority to Board (ATB) to Buyer’s independent inspector to conduct Quantity and Quality CIQ (Q&Q CIQ) Inspection. 8) Based on Successful Q&Q Report Seller will raise the Final Commercial invoice. 9) Buyer makes full cargo payment by MT103 TT (cash transfer) to Seller’s Nominated Receiving Account within two (2) banking days upon presentation of the documents at the counters of the Buyer’s Bank, including all commission.
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