• date_rangePosted On :   Apr 14' 2014
• location_cityCity :   Dubai
• languageCountry :   UAE
• content_pasteEnquiry No. :   B-129284

We need to buy JP54 5 000 000 BBLS X 12 Months.
We purchase on the basis of CI DIP and pay and a monthly contract after the first successful lift. We are willing to close any spot deal of JP 54, D2 or Mazut M100 according to the below terms:
for the spot, it is CI DIP and pay there is no contract and the procedure is as follows:
1. Seller Issue FCO +NCND/IMFPA
2. Buyer Signs FCO as well as the NCND/IMFPA and return it to Seller same day.
3. Seller issue Commercial Invoice + POP including (TSR, fresh SGS, DTA+ATS) for the spot deal and send the buyer the production contract open for amendment. In the
4. Same day Buyer Signs commercial invoice and return it to seller and within 24 hours buyer conduct dip test and pay by SWIFT MT 103.
5. Buyer lifts and pays intermediaries.
Upon successful lift of the spot, the contract will be effective and buyer will issue IRDLC or MT 799 or any acceptable instrument as a guarantee for monthly shipment but payment will be by MT 103
IF it is acceptable please let the end seller/title holder issue the FCO and we are ready to close deals.