Russian D2

Description:

We are pleased to announce that our source is in the position to offer Russian Gas Oil D2 with a minimum monthly order quantity of 50,000 MT.
Product: Diesel Fuel No. 2 (D2) to GOST 305-82 Specifications: Standard specifications Quantity: 50,000 MT 250,000 MT per month (+/- 5%) Origin: Russian origin Period: 12 months with R&E Delivery: CIF Inspection: By SGS or equivalent for quality and quantity loaded in shippers vessel Price / MT: on request PB: 2% on monthly value Payment: Either issued or confirmed by Top 25 World Bank, irrevocable, revolving Letter of Credit for the monthly shipment value. Payment for the goods will be made at sight against payment documentation at discharge port Procedures:
1. Seller issues FCO
2. Buyer issues ICPO inclusive of a MT-799 as per text that you will receive on request.
3. Seller issues draft contract to buyer
4. Contracts are signed electronically; buyer signs and sends by courier 8 originals to seller, seller returns 4 originals
5. Within 7 (seven) banking days:
From receipt and acceptance of the MT-799 and signed contract the seller shall submit via its bank to the buyer's bank Proof of Product (POP) and a non-operative Performance Guarantee in the amount of two Percent (2%) of the value of one (1) month's lifting of said commodity
6. Within 3 (three) days:
After receipt of POP and non-operative PB the buyer's bank shall issue to the seller's bank, an irrevocable, revolving Documentary Letter of Credit
7. Performance Bond becomes operative
8. Delivery commences as per contract NCNDA: NCNDA to be signed by all parties involved prior to contract engagement
We trust the above is in order, await your details to prepare respectively sign the SPA, and will be available for any comment or question you might have upon the product offered.

Russian