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Buy Petroleum Products

Date Posted :	2009-04-08
Valid until :	2009-06-07

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Commodity:                   Jet Fuels JP54
Description:                    Colonial Grade 54 Aviation Kerosene
Origin:                            Russia or seller choice
Quantity for SPOT:       Up to 200,000,000 Metric Tons (+/-5%)
Quantity for Contract:  Up to 200,000,000.00 Metric Ton per month (+/-5%)
Destination:                    FOB ROTTERDAM
Target Price:                   36$ U.S. Gross / 30$ U.S. Net

Commodity:                  D2 Gas oil
Description:                   D2 Gas oil L-02-62 GOST 305-82
Origin:                            Russia or seller choice
Quantity for SPOT:      Up to  40,000,000 Metric Tons (+/-5%)
Quantity for Contract:  5,000,000.00 Metric Ton per month (+/-5%)
Destination:                    FOB ROTTERDAM
Price #1:                          370$ U.S. Gross / 350$ U.S. Net
Price #2:                          Discount from PLATT 40/30

Procedure (SPOT):

1.     Seller issues FCO or SCO addressed to the buyer.
2.     Buyer sign and seal FCO or SCO and send to seller with ICPO included full banking details,
3.     Seller issue the contract
4.     Buyer and seller sign contract and lodge with respective bank
5.     Seller send the POP with all necessary documents to buyers bank and issue bank guarantee that after getting buyers   MT103, the ownership of the product will be transferred to the buyer.
6.     Buyer issue MT103/23 from a prime world bank against transfer of title.
7.     The transaction is consummated as per contract.

Procedure (for CONTRACT):

1.     Seller issues FCO or SCO addressed to the buyer.
2.     Buyer sign and seal FCO or SCO and send to seller with ICPO included full banking details
3.      Seller issues Draft Contract.
4.     Contract signed and returned to seller. Seller countersigns and seals the contact.
5.      Seller issues Partial POP
6.     Buyer banks confirm partial POP in

Related Keywords: JP54 , D2 , M100

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