Maximum Quantity: 50,000 metric tons per
month CIF Price: Gross USD $296 /NET USD
$290 on CIF
TERMS OF NEGOTIATION
ORIGIN: FEDERAL REPUBLIC OF NIGERIA
INCOTERMS: CIF/FOB/TTO
LOADING TERMINAL: GULF OF GUINEA / FORCADOS PAYMENT
TERMS: SBLC-MT760, MT103
PERFORMANCE BOND: 2% PB
CONTRACT TERM: 12 MONTHS MINIMUM (WITH ROLLS AND EXTENSIONS)
INSPECTION: SGS, CIQ OR SIMILAR
COMMISSION: STRUCTURED NCNDA/IMFPA
FOB ROTTERDAM TANK TAKEOVER (SELLER TANK EXTENSION)
1. Buyer sends ICPO in line with seller working procedures
2. Seller issues Commercial Invoice (C.I.), Buyer Signs within 24 hours and returns to Seller Within its validity.
3. Upon receipt and review of the signed C.I., Seller sends to the buyer detailed information of Tank
Storage facility where the product is stored for buyer to contact and extend the tank for at least a minimum of three (3) days.
4. Upon confirmation of Buyer's tank tension from seller's tank farm, Seller submits to by an
Unconditional Dip Test Authorization (UDTA) along with the below full POP documents: -
SGS report,
Pre- Injection Report,
Commitment Letter to Supply
Authorization to sell & collect.
5. Buyer appoints their testing teams SGS or Equivalent to vessel. dip test in seller tank before injection to the buyer's vessel or conduct test upon injection completion into the buyer's vessel to ascertain the Quality and Quantity injected to the vessel.
6. Upon successful completion into buyers tanker, Seller issues payment invoice for Buyer to pay for the product value
7. Seller issues Tittle ownership documents to buyer upon confirmation of buyer payment. NCNDA/IMFPA sign and seal by all intermediaries connected in the transaction.
8. Seller within 24 hours upon receipt of the buyer's payment pays commission to all intermediaries involved in the transaction.
Specifications:
Colour Bright Yellow Visual
Shape Granular Visual
Acidity as H2SO4 ppm Max 50 BS 4113- 1967 or ASR 9-94
Ash ppm Max 500 BS 4113 - 1967
Bulk Density kg/m3 Min 1040 S7 - 77
Carbon Content ppm Max 500 BS 4113-1967
Procor - 1990
Chloride as Clppm Max 25 BS 4113-1967 or ASR 7-94
Purity (Dry Basis) mass%Min 99.80
Water Contentmass%Max 0.50 S10-77 or ASR 2-94
Arsenic ppm Report BS 4113- 1967 or ASR 5-94
Selenium ppm Report BS 4113-1967 or ASR 5-94
Tellurium ppm Report Analytical Method or ASR 5-94
PAYMENT TERMS: T/T or LC/DLC Irrevocable, Confirmed, at sight
CIF ASWP or FOB Iskenderun, Turkey
(EN590) 10 PPM/50PPM
Origin: Kazakhstan
The detailed specification: Meets all International Standards
Total Spot quantity order: 100,000MT
The price and discount:
- FOB ROTTERDAM AND CIF OTHER COUNTRY: DISCOUNT $50 PER MT
FROM NWE PLATTS
- CIF ASIA: DISCOUNT $70 PER MT FROM SINGAPORE PLATTS
Shipment:
- TANK TO VESSEL ROTTERDAM PORT or DESTINATION PORT as per
conditions in Seller`s FCO
Payment terms: As agreed per attached Seller`s SCO / FCO and PROCEDURE, via
MT103
Payment Procedure: According to the terms of the contract, to be mutually agreed upon
by Buyer & Seller.
Inspection: SGS for Quantity and Quality, at embarkation port, DIP TEST
