SOFT CORPORATE OFFER
COMMODITY GAS OIL D2 L0.2-62 GOST 305-82
ORIGIN Russia
SPECIFICATION STANDARD D2 GOST 305-82
TOTAL CONTRACT Q’TY 400,000 MT per month x 12
Total 4,800,000 MT
DELIVERY SCHEDULE TBA
INCOTERM CIF HOUSTON
CONTRACT PRICE GULF PLATT- $30/$25
LIFTABLE 120,000 MT
PAYMENT MT103
PROCEDURES:
OPTION #1
1. Buyer issues LOI to ASCENSION INTERNAINAL/SOCIETY GENERAL & Company profile with Bank Officer Name and contact information.
2. The Bank Officer from SOCGEN will contact the Buyer's Bank Officer for POF (SWIFT MT799) and a written Notation, a Letter, stating that after receiving POP the buyer will issue the MT103/23
3. After the Seller receives the bank letter, the Seller issues POP to Buyer
4. Buyer verifies POP
5. Buyer issues MT 103and RDLC for the remaining quantity.
6. Delivery commences.
Posted By: DAVID JOHNSON
Saturday, February 26th 2011 at 1:04AM
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