PURCHASE - EN590 100,000 MT x 12 months
Buyer From Spain
| Product Category: | Energy & Power |
| Buy Quantity: | 100000 Metric Tons |
Requirement Details
If the BUYER accepts my conditions 100% (PAYMENT CLAUSE AND BANKING PROCEDURES):, then my company will send them our ICPO.
It is very important for the seller to have a bank among the top 50 in the world : PURCHASE: EN590 100,000 MT x 12 months.
WE DO NOT PAY IN ADVANCE. We have a 760 MT CASH REFUND SBLC FROM BARCLAYS BANK.
CLAUSE PAYMENT AND BANKING PROCEDURES:
1. Buyer Company issues an Irrevocable Corporate Purchase Order (ICPO) on official company letterhead with acknowledgement letter, scanned copies of buyer's company registration and buyer's international passport number to seller.
2. Seller Company issues a draft of the contract/sale agreement (SPA open for amendments, if any).
3. Buyer signs the SPA within three (3) business days and returns it to seller. The seller registers and legalizes the contract officially with the appropriate authorities to facilitate the reservation of the assignment and to ensure legitimate approval for the transfer of title/assignment in the name of the buyer's company at the seller's expense.
4. The seller provides the buyer with the partial POP documents listed below.
a) Copy of the tax registration certificate (certificate of incorporation)
b) Copy of the certificate of origin
c) Copy of the product passport
d) Copy of the refinery supply commitment
e) Copy of the product availability declaration.
f) Copy of the proforma invoice
5 The buyer issues its financial guarantee in the form of (SBLCMT760 /DLCMT700) to cover the first shipment to the seller's trust bank within seven (7) business days.
6 If the buyer fails to issue his bank guarantee (SBLCMT760/DLCMT700) within seven (7) business days, alternatively, he shall make a security deposit of ($320,000 USD) three hundred and twenty thousand US dollars only by bank transfer MT103 TT to the seller's trust account to enable him to secure the service of the vessel to transport the product to the port desired by the buyer.
Note: The fee paid by the buyer will be deducted upon making payment of the total cost of the product at the port of discharge after successful CIQ/SGS test at the port of discharge.
7 Upon confirmation of the above clause, the seller's bank releases 2% of the PB, copies of the POP and shipping documents to the buyer company.
a) Copy of the export license, issued by the Ministry of Petroleum and Energy.
b) Copy of the approval to export, issued by the Ministry of Justice.
c) Copy of the declaration of availability of the product.
d) Copy of Refinery Commitment.
e) Copy of Transnet Contract to Transport Product to Port.
f) Copy of Port Storage/Insurance Contract.
g) Copy of Charter Party.
h) Copy of Customs Clearance Certificate.
i) Copy of Tank Receipt issued by Storage Facilitator.
j) Copy of SGS Report.
8 Shipment commences as per contract and upon tanker arrival at discharge port, SGS or CIQ inspection is carried out by Buyer.
9 Operational payment for full shipment is made by Buyer via Bank Transfer or MT103.
10 Seller will release payments to involved intermediaries within 48 hours of receipt of Full Payment for Product from Buyer's bank. After successful delivery of the first monthly shipment of the Product,
11 The Buyer transfers the full amount of the next month's delivery to maintain the 100% SBLC MT760 Standby Letter of Credit and the contract continues for the next Eleven (11) months subject to this Contract.
It is very important for the seller to have a bank among the top 50 in the world : PURCHASE: EN590 100,000 MT x 12 months.
WE DO NOT PAY IN ADVANCE. We have a 760 MT CASH REFUND SBLC FROM BARCLAYS BANK.
CLAUSE PAYMENT AND BANKING PROCEDURES:
1. Buyer Company issues an Irrevocable Corporate Purchase Order (ICPO) on official company letterhead with acknowledgement letter, scanned copies of buyer's company registration and buyer's international passport number to seller.
2. Seller Company issues a draft of the contract/sale agreement (SPA open for amendments, if any).
3. Buyer signs the SPA within three (3) business days and returns it to seller. The seller registers and legalizes the contract officially with the appropriate authorities to facilitate the reservation of the assignment and to ensure legitimate approval for the transfer of title/assignment in the name of the buyer's company at the seller's expense.
4. The seller provides the buyer with the partial POP documents listed below.
a) Copy of the tax registration certificate (certificate of incorporation)
b) Copy of the certificate of origin
c) Copy of the product passport
d) Copy of the refinery supply commitment
e) Copy of the product availability declaration.
f) Copy of the proforma invoice
5 The buyer issues its financial guarantee in the form of (SBLCMT760 /DLCMT700) to cover the first shipment to the seller's trust bank within seven (7) business days.
6 If the buyer fails to issue his bank guarantee (SBLCMT760/DLCMT700) within seven (7) business days, alternatively, he shall make a security deposit of ($320,000 USD) three hundred and twenty thousand US dollars only by bank transfer MT103 TT to the seller's trust account to enable him to secure the service of the vessel to transport the product to the port desired by the buyer.
Note: The fee paid by the buyer will be deducted upon making payment of the total cost of the product at the port of discharge after successful CIQ/SGS test at the port of discharge.
7 Upon confirmation of the above clause, the seller's bank releases 2% of the PB, copies of the POP and shipping documents to the buyer company.
a) Copy of the export license, issued by the Ministry of Petroleum and Energy.
b) Copy of the approval to export, issued by the Ministry of Justice.
c) Copy of the declaration of availability of the product.
d) Copy of Refinery Commitment.
e) Copy of Transnet Contract to Transport Product to Port.
f) Copy of Port Storage/Insurance Contract.
g) Copy of Charter Party.
h) Copy of Customs Clearance Certificate.
i) Copy of Tank Receipt issued by Storage Facilitator.
j) Copy of SGS Report.
8 Shipment commences as per contract and upon tanker arrival at discharge port, SGS or CIQ inspection is carried out by Buyer.
9 Operational payment for full shipment is made by Buyer via Bank Transfer or MT103.
10 Seller will release payments to involved intermediaries within 48 hours of receipt of Full Payment for Product from Buyer's bank. After successful delivery of the first monthly shipment of the Product,
11 The Buyer transfers the full amount of the next month's delivery to maintain the 100% SBLC MT760 Standby Letter of Credit and the contract continues for the next Eleven (11) months subject to this Contract.
Buyer Information
| Buyer From: | Spain |
| Company Name: |
Savor xxxxxxxx
|
| Contact Person: | Juan xxxxxxxx |
| Contact No: | +346024 xxxxxx |
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