MAZUT M100/99 GOST 10585-75

Business Type
Trader
Country
Malaysia
Category

Quick Details

Place of Origin: Russian
MOQ: 50,000 MT
Type: Reprocessing
Certificate: ISCC, T2L, SGS

Product Detail

This Offer is from Seller Mandate to Refinery- with 100% PAYMENT AT SIGHT. Commodity : Mazut GOST 105-85-75 ( M100 10585- 75 ) / ( M100 10585- 99 ) Quantity : Min 50,000MT (Trial Shipment) followed by 50,000MT to 250,000MT Per Month x 12 up to 36- 48 Months CIF Price : USD555 gross/ USD545 net per MT - \"Fixed Pricing\". Destination Port : ASWP Port Of Discharge : Exact \"Port/ Terminal\" details to be provided at time L/C issuance by buyer. PROCEDURES : OPTION 1 \"Trial shipment\" and annual purchase- 12 Months Term Contract. 1- Buyer issues ICPO, along with Corporate Profile and Scan Passport Copy of CEO. 2- Seller issues FCO to Buyer. 3- Within 5 International Banking Days, the buyer signs, seals, dates and returns \"FCO\" to Seller, along with a valid and current \"Bank Comfort Letter\" (less than 3 months old), with the authority to carry out a Soft Probe. 4- Within 2 International Banking Days, the seller issues a Comercial Invoice and Draft Contract, pursuant to the procedures of Business as set out in the Seller FCO to the buyer for amendment (if necessary) and return to the Seller. 5- Within 5 International Banking Days, the buyer issues Proof Of Funds (POF) to Seller, either by MT799/ MT199/ MT999 by SWIFT- \"Bank to Bank\" process, from Buyer\'s Bank to Seller nominated Bank. 6- Within 5 International Banking Days, the seller issues to the buyer a \"Non- Operative\" 2% Performance Bond (PB) for the total of the trial shipment value. 7- Within 5 International Banking Days, the seller issues Partial Proof Of Product (PPOP) to the Buyer consisting of : a) SGS Inspection Report (SGS) or equivalent. b) Certificate Of Origin c) Dip Test Analysis Report d) Tank Storage Receipt 8- The Buyer issues to the Seller either an \"SBLC\"/ \"BG\"/ \"ITDLC\"for the total of Trial Shipment with Minimum of (365+1 days) for the \" SBLC\"/ \"BG\" and (45- 60) Days for \"ITDLC\". 9- Once the Seller Bank has received and confirmed acceptance of the Buyer \"SBLC\"/ \"BG\", \"ITDLC\", the Seller 2% \"PB\" will become operative, and shall become null and void upon successful completion of the Trial Shipment to the Buyer. 10- The Trial Shipment will be loaded within 15 International Banking Days from when the Buyer\'s \"SBLC\"/ \"BG\"/ \"ITDLC\" has been received and confirm by the Seller. The first Shipment under the 12 Month Term Contract will be loaded within 7-10 International Banking days thereafter. The Seller issues Full Proof Of Product (FPOP) to the buyer. 11- \"100% Payment At Sight\" following the Buyer being in receipt of all the relevant Shipping Document\'s, inclusive of the Seller Commercial Invoice, Title Transfer to Buyer, and SGS or equivalent Inspection Report at Loading Port and Discharge Port, in which the Buyer shall pay to Seller by MT103\"SWIFT\", \"Prior To Discharge\", the due amount to the Seller Bank or as so directed by the Seller. 12- Within 2 International Banking Days, following the receipt of the payment from the buyer to the Seller, the Seller\'s Bank, will release and pay all intermediaries in accordance with the instructions received in the NCNDA/ IMFPA. PROOF OF PRODUCT Seller provide Partial Proof Of Product (PPOP) & Full Proof Of Product (FPOP) \"Bank to Bank\" by sending Buyer with the following : A- Copy Of License/ Permit to Export/, issues by the deparment of the ministy of energy (if applicable). B- Copy of statement of availability of the product. C- Copy of the refinery commitment to produce the product. D- Copy of the pipeline corporation contract to transport the product to the loading port. E- Refinery Certificate of Product. F- Copy of The Port Storage agreement (TSR- If applicable). G- Copy of SGS or equivalent report (SGS). OPTION 2 \"Trial Shipment\"(CI- Dip Pay Method) and Annual Purchase- 12 Month Term Contract 1- Buyer issues ICPO to Seller, along with Corporate Profile and Scan Passport copy of CEO. 2- Seller issues FCO to Buyer. 3- Within 5 International Banking Days, the buyer signs, seals, dates and returns \"FCO\" to Seller, along with a valid and current \"Bank Comfort Letter\" (less than 3 months old), with the authority to carry out a Soft Probe. 4- Within 2 International Banking Days, the seller issues a Comercial Invoice and Draft Contract, pursuant to the procedures of Business as set out in the Seller FCO to the buyer for amendment (if necessary) and return to the Seller. 5- Within 5 International Banking Days, the buyer issues Proof Of Funds (POF) to Seller by MT799/ MT199/ MT999 by SWIFT- \"Bank to Bank\" process, from Buyer\'s Bank to Seller nominated Bank. 6- Within 5 International Banking Days, the seller issues Partial Proof Of Product (PPOP) to the Buyer consisting of : a) SGS Inspection Report (SGS) or equivalent. b) Certificate Of Origin c) Dip Test Analysis Report d) Tank Storage Receipt 7- Within 2 International Banking Days, the buyer obtains satisfactory confirmation of the Tank Loading Terminal documents and Dip Test by the Buyer, and the Buyer\'s Bank issues an MT103 for 100% of the Trial Shipment/ Lift against the Title Transfer document\'s and following receipt for the balance of the necessary documents to lift the product from the Seller. NOTE : Upon successful delivery of the Trial Shipment/ Lift, the parties are engaged in a minimum 12 month Contract with R&E of up to 4 years, and within 5 International Banking Days, the Buyer\'s Bank will issue a revolving Standby Letter Of credit \"SBLC\"/ Bank Guarantee\"BG\"/ Irrevocable Transferable Documentary Letter Of Credit \"ITDLC\", with a minimum validity of (365+1 days) for the \"SBLC\"/ \"BG\"/ \"ITDLC\" and (40-60) days for the \"ITDLC\". 8- Once the Seller Bank has received and confirmed acceptance of the Buyer \"SBLC\"/ \"BG\"/ \"ITDLC\" within 7- 10 Internatinal Banking Days, the Seller shall arrange for the loading of the Vessel, subject to the Buyers Lifting Schedule as per the Contract. 9- Lifting of the product shall commence, as per the Lifting Schedule pursuant the Contract, with each shipment thereafter commencing within 5 International Banking Days from when the Buyer\'s \"SBLC\"/ \"BG\"/ \"ITDLC\", has been formerly accepted and confirmed by the Seller and the Sellers Refinery Supplier. 10- \"100% Payment At Sight\" following the Buyer being in receipt of all the relevant Shipping Document\'s, inclusive of the Seller Commercial Invoice, Title Transfer to Buyer, and SGS or equivalent Inspection Report at Loading Port and Discharge Port, in which the Buyer shall pay to Seller by MT103\"SWIFT\", \"Prior To Discharge\", the due amount to the Seller Bank or as so directed by the Seller. 11- Within 2 International Banking Days, following the receipt of the payment from the buyer to the Seller, the Seller and/ or the Sellers Refinery Suppliers Bank, will release and pay all intermediaries in accordance with the instructions received in the NCNDA/ IMFPA.
Mr. Fakhruddin Ahmad
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About our Company

Business Type
Trader
Established
2010
Employess
Below 5
Annual Revenue
US$1 Million - US$2.5 Million
Main Markets
Eastern Europe, East Asia, South Asia, Middle East
Export Ratio
71% - 80%
Products
Mazut, Petroleum Products

Contact Us

EXIM Ocean Trade Resources

Mr. Fakhruddin Ahmad

Batu Caves

Kuala Lumpur Wilayah Persekutuan 06810 Malaysia

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