loi of diesel oil en590 10 ppm

we are pleased to submit the loi of diesel oil en 590 10 ppm

product: diesel oil en 590 10 ppm
quantity: trial order 100,000 300,000 metric tons. after the trial order is finished successfully, the year contract 300,000 x 12 metric tons discussion
country of origin: non sanctioned country only,
max price ( non cis original) : us dollar $ 445 /cif china sea port incoterms 2020

**coo must be accepted through banking swift system, please show the correct original country of diesel oil en590 10 ppm at the sco /fco of the seller.

cif aswp approved standard banking working procedures

1. buyer issues irrevocable corporate purchase order (icpo) addressed to the seller refinery along with company profile and buyer passport after sco/fco of the seller receipt.

2. seller issues the draft spa for buyers' review and signing

3: seller legalizes and registers the contracts with the insurance company and notarizes them with the appropriate authorities of the ministry of energy along with the below ppop document.
a. product quality passport quality certificate
b. certificate of product origin.
c. statement of product availability
d. commitment letter to supply the product from the ministry of energy.

4. buyer s bank shall issue dlc within five (5) working days for shipment s value to seller s financial bank to enable the seller to commence loading of a product with the shipping company. seller to finalize loading within seven (7) working days. but if the buyer fails to issue dlc within five (5) working days, as an alternative provision buyer pays 3% of the total product value directly to the shipping company or a payment account designated by the seller either via mt103, bitcoin, or us dollar as a transaction guarantee which will be deducted from the product s invoice value of the product at the destination port.

5. after confirmation by the seller s bank, the seller at their own expense charters with the shipping/logistic company and alerts the buyer on the shipment ordered graphic/schedule accompanied with the submission of nominated vessel details to the buyer.

6. seller s bank responds with contractual operative 2% pb and full pop to buyer s bank within seventy two (72) hours since the buyer s instrument confirmed by seller s bank a) copy of the port storage agreement. b) copy of the cpa, to transport the product to the discharge port. c) vessel q88. d) original bl (full set). e) copy of sgs report.

7. upon successful product confirmation against the sgs/ciq report of quality and quantity at the destination port, the buyer makes payment by mt103.

8. seller and buyer, within seventy two (72) hours, the seller pays commissions to the seller side and the buyer pays buyer side intermediaries involved in the transaction.

if your refinery meets the above requirements, welcome your sco/fco.

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