Petroleum Products (Sellers) Published date: January 10, 2018

Hello,

We are pleased to offer MAZUT-100 to interested Buyers from one of the reliable Sellers/Refineries that we work with, as per the following terms;

Buyers are to note that GOST merged the old classifications of 75 and 99 into a new seven-grade classification, all under 100-99. So Mazut M100-75 VLS (Very Low Sulphur) and Mazut M100-99 VLS are actually the same thing.

The grades are represented by these sulphuric levels:

Very Low Sulphur - is a mazut with a sulphur content of 0.5%
Low Sulphur - is a mazut with a sulphur content of 0.5-1.0%
Normal Sulphur - is a mazut with a sulphur content of 1.0-2.0%
High Sulphur - is a mazut with a sulphur content of 2.0-3.5%.
Buyers are also to specify the sulfur level that is required when ordering!

Quality: GOST 10585-99

Origin: Russia

Packaging: In Bulk

Quantity: Min. 50,000 MT up to 400,000 MT per month x 12 months

Contract /Spot: Contract ONLY (No SPOT transactions please)

Delivery: CIF ASWP (Any safe world port)

Fixed Price CIF: US$240.00 per MT Gross / US$230.00 per MT Net

Commission: US$10.00 per MT paid By SELLER shared 50/50 Sell Side and Buy Side – Sell Side US$5.00 per MT (CLOSED)

Buy Side US$5.00 per MT shared – as per completed NCND/IMFPA

Payment: Irrevocable, Revolving, Non-operative, Documentary Letter of Credit or SBLC via Swift MT700 to Seller’s nominated Bank Account covering 100% Pro-forma Invoice Value of product or Monthly Contract shipment value through any of Top 50 Prime World Banks payable at sight against Shipping Documents including CIQ/SGS report at Unloading Port.

PB: Seller issue 2% Performance Bond via SWIFT to Buyer’s Bank which makes the Buyer’s non-operative Payment Instrument operative.

Inspection: By Societe Generale Surveillance (SGS) Export Inspection Certificate on quality, quantity and weight at Loading Port at Seller’s cost and CIQ at discharge port at Buyer’s cost.


PROCEDURES

Seller issues Soft Offer to Buyer.

Buyer issues an official ICPO with full Buyer banking details, Company Profile, Passport Photo.

At the same time as above NCND/IMFPA completed by Facilitator, Buyer and Buyer Mandate Group and issued to Sell Side for completion.
Seller issue Contract to Buyer, along with completed NCND/IMFPA – both open for amendments if necessary.

Buyer countersigns and seals the Contract and returns to Seller via email.

Buyer within two (2) days after signing the Contract, opens via Swift MT799 (POF).

Seller issues Proforma Invoice and Partial POP documents, to Buyer via Seller official email address to Buyer official email address, as listed below:
- Copy of License Certificate
- Copy of Statement of Availability of the Product.
- Copy of Proforma Invoice.

Buyer within 2 banking days, Buyer’s Bank sends Irrevocable, Revolving, Non-operative, Documentary Letter of Credit or SBLC via Swift MT700 to Seller’s nominated Bank Account.

Seller issues 2% Performance Bond to Buyer which in sequence makes the Buyer’s non-operative payment instrument operative, as a guarantee of monthly shipments.

Shipment commences and Seller issues Full POP and including shipping documents, SGS Report Certificate, Bill of Lading, and test reports to Buyer Bank.

Ship arrives at Destination Port and after inspection of the goods the Buyer releases payment to Seller Bank after inspection at Port 100% payable for each shipment and within 2 banking days upon the cargo passing SGS and receipt of all the relevant documents required for payment.

Seller pays commissions as per instruction within the NCND/IMFPA document to all Intermediaries involved in the transaction.

We continue to work hard at ensuring that credible Buyers find the opportunity to purchase petroleum products without the unimaginable risk that fake Sellers pose to the industry.

Thank you and we look forward to hearing from you.

• Company Name: ADWENPA CONSULT
• Country: GHANA

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