- if everything is put on the table and shown to each other
- if there is little paperwork
- for mutual inspection
Before, Buyer and seller make a small contract, meet and the deal is closed.
In short, this means that if the seller and owner of the goods or the seller mandate on site in Rotterdam shows the most important proofs, the buyer shows all proofs, the purchase can be finalized.
The buyer is interested in a 12-60 month contract.
Buyer is interested to receive quotations for the following RFQ -
Product: EN590 10 PPM Diesel
Specifications:
Ultra low Sulfur diesel
Qty: 300,000 - 2,000,000 mt
BUYERS PROCEDURE:
The buyer issues an ICPO without a TSA. The seller then issues a Commercial Invoice and draft SPA. Once the CI is signed, the seller provides full proof of product, including documents such as the SGS report, CPA, etc. After receiving these, the buyer issues an Authorization to Verify (ATV) for logistics confirmation. Following a successful verification and dip test, payment is made via MT103/TT or another agreed method. Title is transferred at this stage, and the product is lifted as per the contract.
Buyer is interested to receive quotations for the following RFQ -
Product: EN590 10 PPM Diesel
Specifications:
Quantity: 400,000 MT per month
Destination Port: Arica, Chile (South America)
Contract Duration: Minimum 2 years
Buyer's Terms & Conditions:
1. Trial Shipment Requirement
Before issuing any SBLC or DLC, the buyer requires a trial shipment to the destination port. Upon successful delivery and inspection of the trial shipment, payment will be made immediately.
2. Bank Instrument
After the trial shipment, the buyer is willing to issue a bank instrument (SBLC/DLC) as a payment guarantee covering the total invoice value of 6 months to 1 year, based on the agreed monthly supply.
3. Face-to-Face Notarized Contract
The buyer invites the seller to the final destination port (Arica, Chile) to execute a face-to-face contract, notarized under local jurisdiction.
o All related expenses (invitation letter, visa, travel, accommodation, etc.) will be fully covered by the buyer.
4. Communication & Documentation
All communications and agreements will be done face-to-face, and all documentation must be notarized and legally signed.
5. Contract Commitment
The buyer seeks a minimum 2-year supply agreement. After signing the contract, the seller must commence shipments directly to the destination port.
We believe these terms are reasonable for both parties to ensure a successful, transparent, and long-term cooperation. If you agree with the buyer’s procedure, we are ready to proceed immediately with the trial shipment and contract finalization.
Looking forward to your confirmation and cooperation.
Warm regard
