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 10 ppm (EN590) |
| Origin | GEORGIA |
| Monthly Quantity: | Up to 500,000 MT Per Month |
| Shipping Terms: | CIF AWSP (To be accepted by Seller) |
| Price: | FIXED PRICE OF $525 USD PER MT GROSS, AND $515 USD PER MT NET with Georgia Origin |
| Inspection: | SGS, or equivalent as per Buyer’s option |
| Payment method: | By MT103 Swift upon successful SGS at the discharge port. |
| Payment Guarantee: | By DLC MT700, with the value of the monthly quantity valid for the contract period. DLC should be Irrevocable, Revolving, Confirmed and Non-transferable, issued or confirmed by one of the top 50 banks. |
| Performance Bond: | 2% PB as standard |
| Commission: | $10 PER MT, 50% SELLER SIDE CLOSED / 50% BUYER SIDE OPEN.To be paid by the SELLER to all intermediaries under NCNDA & IMFPA that will be issued by the Seller. |
NON-NEGOTIABLE TRANSACTION PROCEDURES FOR CIF DELIVERY
1. Buyer company issues an irrevocable corporate purchase order (ICPO) on its official company letterhead to the seller, together with the CIS.
2. Seller company issues draft contract/sales & purchase agreement (SPA open for amendments if any) and NCNDA – IMPFA. Both parties sign and seal and return to the seller with proof of funds (BCL) or MT199.
3. The seller company sends PPOP documents along with the contract to the buyer company, together with the invoice to issue the financial instrument.
· Certificate Of Origin (COO)
· Company Registration
· Certificate. Statement of Product Availability
· Product Quality Passport (Dip Test Analysis).
· Supplier Commitment to Supply.
· Proforma Invoice.
· NCNDA – IMPFA ( to be completed by intermediaries)
5. On confirmation of the receipt of the partial POP, the buyer must, within ten (10) banking days, issue the bank guarantee in the form of (DLC-MT700 Non-Transferable).
Note: failures to issue the DLC-MT700 after signing the SPA and receiving PPOP, the seller has the right to blacklist the buyer with the Department of Energy in Qatar, Georgia and Kazakhstan.
6. Seller’s bank sends through SWIFT the original and full proof of product (POP) documents along with the 2% Operative Performance bond to the buyer’s bank. If the seller fails to deliver as per the agreement, the buyer has the right to recall the 2% Operative Performance bond and his DLC MT700 financial instrument.
A. Charter Party Agreement (CPA)
B. Export Permit
C. Copy of Shipping Schedule Document.
D. SGS Analysis Report from the Loading Port.
E. Certificate Of Origin. (COO)
F. Bill of Lading (BL)
G. Tank Storage Receipt from the Loading Port (TSR)
H. Vessel Q88.
I. Certificate Of Product.
J. Cargo Manifest
K. Cargo Ullage Report
L. Nor
7. Both banks will confirm to the seller and the buyer that the irrevocable documentary letter of credit and 2% PB have been accepted and the shipping commences as scheduled in the contract for the CIF delivery.
8. Payment will be made for the product by the buyer’s bank via TT/MT103 wire transfer to the seller’s bank after the CIQ/SGS inspection at the port of delivery
9. Buyer will share the proof of payment, and the seller will issue the certificate of ownership, authorization to offload the vessel and authorization to sell the product.
10, Seller will release the commissions to the intermediaries as per the signed NCNDA – IMPFA.
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PLEASE TAKE NOTE:
– The above procedures must be accepted & incorporated into the ICPO word for word.
– No Bill of Ladings, Warranties, SGS Reports, or past fulfilled Contracts will be presented as “Past Performance,” sanitised or not, for the following reasons;
● It is against Trade Regulations
● It is against the stated SGS Policy
● It violates formal Contract confidentiality between Buyer and Seller
– We ONLY work 100% strictly according to the Seller Company’s above procedure ONLY.
– If the terms and procedures are acceptable, kindly provide your ICPO. The ICPO must have complete identification and contact details of the Principal Buyer signed, sealed and stamped; in the buyer’s company letterhead with Quantity per month/year, Contract length, Buyer’s own opinion of specification (if any) and any other relevant details. We do not accept expired ICPO (Maximum date for validity is 5-7 days), and we don’t accept ICPO not addressed to our company.
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Seller Bank to receive POF, DLC and MT103:
BANK NAME: BARCLAYS BANK
BANK ADDRESS: 82/84 HIGH STREET, EPSOM, KT19 8 BH UNITED KINGDOM
SWIFT CODE: BUKBGB22
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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
