NO CHANGES PLEASE READ PROPERLY.
Hello,
We are pleased to offer AGO to West Africa on CIF delivery basis, Ship to Ship or Injection to Storage Tank.

Key Parameters!

A)SHIP TO SHIP TRANSFER or INJECTION TO PORT STORAGE TANKS

B) FAST DELIVERY



OFFER DETAILS

Product: Automotive Gas Oil (AGO) - min 66 deg C flash point

Packaging: In bulk

Quantity: Min 50,000 MT up to 200,000 MT per month

Contract: 12 Months Minimum or maximum 24 Months

Delivery Basis: CIF West Africa

Price: USD 485 / USD 490 per MT

Delivery: 30 days delivery to named port after issuing commitment bond

Inspection: By SGS (SGS inspection at destination port is paid by Buyer)



PROCEDURE OF TRANSACTION (CIF)

. Buyer issues an ICPO with wording that mirrors the Soft Offer along with Company Profile, Company Registration and full banking coordinates.

. Seller issues SPA (Sales and Purchase Agreement) for Buyer to signs and stamp and return to Seller. Seller signs and returns fully executed contract to the Buyer.

. Buyer issues $120,000 as commitment bond to an agreed escrow account. Seller charters vessel, loads the product, conducts SGS inspection at loading port.


. Seller issues Proof of Product to Buyer (marked non-negotiable).

. Buyer issues SBLC MT760 for 12 months contract and Seller issues 2% performance bond.

. Seller and ships to the Buyer. Ship arrives at destination port and SGS conducts inspection on the product. Within 12 hrs after inspection at the destination port, Buyer releases payment via MT103/TT to Seller’s Bank - 100% of the product value payable for each shipment. Seller transfers all title documents to the Buyer.

NB: SGS Inspection at destination port is Buyer’s cost.

. Within 48hrs of receiving payment, Seller pays commission to brokers and agents as per completed NCND/IMFPA.


Notes
i) The $120,000 commitment bond is fully refundable to the Buyer if the transaction completes. If after signing the SPA and issuing the commitment bond the Buyer fails to complete the transaction, the Buyer shall forfeit the commitment bond. This clause is included in the SPA.

ii) It is important to note that the commitment bond is only a comfort for the Seller because the seller purchases the product in order to be able to obtain title and quality & quantity documents at the loading port. The POP that we provide is completely genuine and independently verifiable allowing buyers with genuine financial arrangements to raise their SBLC.

iii) This procedure cannot be modified and so we would appreciate that agents and buyers do not write to request changes.