Qeytaran Trading LLC

Ref: Max – Exodus

To: Buyer

Dear Sir, Madam,

We, Maxwell CTSE, on behalf of the supplier, a company incorporated in the Netherlands, confirm that we are ready, willing and able to  supply the following commodities in terms and conditions below:

COMMODITY:        DIESEL GAS OIL EN590 (10 PPM)

                                                Specification: “As per Exhibit-1, Attached”                                   

DELIVERY AND TERMS OF PAYMENT

 Commodity:

 DIESEL GAS OIL EN590 (10 PPM)

 Specification: As per “Exhibit-1”, attached

 Origin:

 Georgia, or any non-sanction countries

 Trial Shipment:

 ????????????????

 Annual Quantity:

 ????????????????

 Duration of Contract:

 12-months Contract, Shipping Schedule: as per “Exhibit-2”, attached

 Shipping Terms:

 CIF Port of ???????????

 Packing:

 In Bulk

 Price:

 Fixed Price of US$535.00 per MT

 Inspection:

 SGS or Equivalent

 Payment Method:

 

 Payment Guarantee:

 

 

 

 

 By MT103 swift upon successful SGS Inspection at the Discharge Port

 

 By DLC/MT700–SBLC/MT760 issued for the value of Trial shipment, or

 one-month shipment of XXX,000 MT, valid for duration of the contract.

 The DLC/SBLC will be Non-operative, to be operative automatically by

 Seller’s 2% Performance Bond (PB). DLC/SBLC should be Irrevocable,

 Revolving, Non-transferable, issued or confirmed by one of top 50 world

 banks.

 

CIF TRANSACTION PROCEDURES TERMS & CONDITIONS

1.      Buyer signs Soft Corporate Offer (SCO) and sends it to Maxwell CTSE Company along with a Letter of Intent (LOI).

2.      Maxwell CTSE issue Full Corporate Offer (FCO), send it to the buyer along with the format of the ICPO.

3.      Buyer signs the FCO, put the ICPO on the letterhead of their company, completes all the company and banking information, sign/stamp, and send both documents back to Maxwell CTSE, along with Company Profile (Company Profile should have the year of establishment, founders, and a history of major projects completed) CIS, Passport copy of the authorized signor for the company, Certificate of Registration.

4.      Seller issues Sales and Purchase Agreement (SPA). Buyer reviews, amends (if necessary), signs and returns the (Draft Contract) SPA in Word format to Seller within Three (3) banking days. Buyer’s bank issues RWA, MT199, or MT799 as Proof of Funds (POF).

5.      Seller submits signed SPA via secured email to the buyer along with soft copies of the below Partial Proof of Documents (PPOP)

·       Product Certificate of Origin

·       Commitment Letter to Supply

·       Statement of product availability in Storage

·       Legalized copy of fully endorsed Proforma Invoice for Trial Lift Quantity

6.      Within 10 Working Days of signing the SPA, Buyer’s bank issues a Non-Operative, Irrevocable, Non-Transferable, Revolving, and Confirmed DLC/MT700 or SBLC/MT760 with the value of Trial or first month shipments, with full bank responsibility via swift MT700 or MT760 to the seller’s bank to be automatically operative by Seller’s 2% performance Bond, and provides Seller with swift copy.

7.      Within 5 Banking Days of accepting the DLC/SBLC, Seller’s Bank issues the 2% Performance Bond, and the DLC/SBLC will be operative.

8.      Within 5-15 working days on confirmation and acceptance of the Buyer’s DLC, seller commence loading of the product and issues full POP/Shipping documents as listed below, with legalized SPA to buyer’s company via bank to bank and copies via email; buyer shall notify the seller by official written notice of his bank receiving seller’s full POP/Shipping documents:

a.      Copy of export license, issued by the Ministry of Petroleum and Energy.

b.      Copy of approval to export, issued by the Ministry of Justice.

c.      Copy of the Port Storage agreement/ Insurance.

d.      Certificate of origin.

e.      Product Passport,

f.       Statement of availability of product.

g.      Commercial Invoice.

h.      Copy of charter party agreement.

i.       Copy of Customs clearance certificate.

j.       Copy of the tank receipt issued by the storage facilitator.

k.      Copy of Fresh SGS Report or Equivalent at Loading Port.

l.       Copy of Vessel Q88

m.    Copy of Bill of Lading

n.      Copy of Cargo Manifest

o.      DTA & ATB.

p.      NOR/ETD.

9.      Shipment commences as scheduled in the contract. Upon receipt of the full POP documents, the buyer provides the seller with their logistics (TSR or vessel Q88) facility coordinates and the necessary requirements to enable the buyer’s SGS/CIQ to conduct a Dip Test upon vessel arrival at the discharge port.

10.   Seller provides the buyer with DTA for immediate proceeding of inspection by the buyer’s SGS/CIQ agent, and within 2 working days of vessel arrival at discharge port, the buyer’s inspection team carry out SGS/CIQ or equivalent inspection to ascertain the quality and quantity of the product.

11.   Upon successful SGS/CIQ Inspection by the buyer, Buyer’s Bank releases payment for the total shipment value via swift fund transfer MT103/TT within 2 banking days of issuing the SGS report at the discharge port, then the Product is discharged to buyer’s destination storage facility and title of product ownership is transferred to the buyer.

12.   The seller pays all intermediaries involved in all the transactions as per the signed NCNDA/IMFPA within 72 hours.

 

13.   Subsequently monthly shipment continues as per the signed SPA, and product payment will be made against successful SGS/CIQ or equivalent inspection via TT/MT103.

 

 ********

 

 PLEASE TAKE NOTE:

 If you accept the procedure and price, please send me your CIS and company profile to: 

Maxwell CTSE
Ahmad@maxwelltanks.com
More information: +31-64-92-89-174   Dr. Ahmad

 

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