Ref: Max/USA

CIF Procedure – En590-10 PPM and Jet fuel A1

Products	En590-10 PPM & Jet fuel A1
Products Refined in	Germany & The Netherlands
Min Order	100,000 MT En590-10 PPM & 2,000,000 Barrels Jet fuel A1
Price	Minus 8% CIF platt
Contract	1 year
Term of payment	Standby Letter of Credit/MT760 for 12-month contract – MT103
Specification	Standard

1. Buyer sends LOI: The buyer issues a Letter of Intent (LOI) along with the buyer’s CIS
2. Seller sends FCO: The seller provides a Full Corporate Offer (FCO), which the buyer signs and returns with proof of funds and ATV.
3. Signing SPA: The seller issues a Sale and Purchase Agreement (SPA), which both parties review and sign.
4. MT799 Pre-advice: The buyer’s bank sends an MT799 pre-advice, which the seller’s bank confirms.
5. Issuing SBLC: The buyer’s bank issues a Standby Letter of Credit (SBLC) for the agreed amount, and the seller provides a 2% performance bond.
6. Seller provides documents: Upon loading the vessel, the seller provides key shipping and product documents, including the SGS report, export license, certificate of origin, customs clearance, and other relevant documents.
7. Vessel arrives: The vessel arrives at the buyer’s destination; documents are shared with the buyer, and the buyer can arrange for a third-party inspection (SGS) at their own cost.
8. Buyer makes payment: After a successful inspection, the buyer receives the CI and makes the payment via SWIFT MT103 within three days.
9. Transfer of ownership: The seller transfers the title certificate to the buyer.
10. Ongoing deliveries: Deliveries continue as per the contract

The buyer should send ICPO with the name : Maxwell CTSE – www.maxwelltanks.com     – +31-649289174  -and email to:   Ahmad@maxwelltanks.com