Ref: Max/ Exds
FOB PROCEDURE – ROTTERDAM
CI DIP & PAY- NON-NEGOTIATABLE FOB ROTTERDAM PROCEDURE
Dear Sir, Madam,
We, Maxwell CTSE on behalf of supplier, a company incorporated in The Netherlands, confirm that we are ready, willing, and able to supply the following commodities in the terms and conditions below:
Commodity:
| Product Name: | EN590 10PPM |
| Product Quality | Georgia / Kazakhstan /Azerbaijan |
| Product Quantity | Trial 100,000 MT and Contract up to 400,000 MT x 12 months |
| Duration | 12 months on a successful trial |
| Price Commission |
FOB Minus USD 80 Gross – (Platt Code No: AAWZD00) US $5.00/MT Buyer Side (Open) US$5.00/MT Seller Side (Closed) |
| Term of Payment | By MT103/TT for the First Lift & DLC – Non – Transferrable (MT700) for 12-month contract |
NOT NEGOTIABLE DIP AND PAY PROCEDURE
1.Buyer sends an ICPO based on Seller’s offer, along with Business Profile and CIS, via official email.
2. Seller sends Draft SPA and CI, Buyer signs and return the signed SPA and CI with POF MT199/ MT799 /MT 998 bank to bank.
3. Seller verify the POF provided by the buyer and issues verifiable POP (Proof of Product in Seller’s Name)
a) SGS Report 48 hours old
b) Tank GPS Location
c) Injection Report
d) Authority to Verify
e) Commitment to Supply
f) Unconditional Dip Test Authorization (UDTA)
g) Certificate of Origin
h) Authority to Sell and Collect (ATSC)
I) NCNDA-IMFPA signed by all parties
4. Buyers Conduct a Dip Test at his own costs and seal the tank then SELLER ISSUES THE NEW INVOICE OF THE PLATTS OF THAT DAY, the buyer release a Full Payment within 48 hours as per CI and issue the TSR coordinates or Q88 buyer has the choice to extend the sellers tanks to 3-5 days.
5. The seller injects to the buyers Tanks or Vessel as per issued TSR Coordinates or Q88 issued by the buyer.
6. Seller issues the Title Transfer and pays commissions as per signed NCNDA-IMFPA within 48 hours after receiving the Funds.
SELLER BANK NAME: BANK OF AMERICA
BANK ADDRESS: WILLOWBROOK BANKING CENTRE
SWIFT CODE: BOFAUS3N
If you accept the procedure and price and can follow the procedure , please send your CIS and company profile to:
Maxwell CTSE
and email to: Ahmad@maxwelltanks.com
+31-649289174
