PETCOKE- 12 Month CIF Contract Production Procedures:
Product: Petcoke
Pricing: $200 Per MT
Origin: Kazakhstan - (We own our own refinery)
Delivery: CIF to any safe world port
MOQ: 50K MT per month
Refinery CIF Transaction Procedures:
1. Buyer issues LOI/ICPO.
2. Seller issues Draft Sales Purchase Agreement Contract and for Buyer's review and signing.
3. Buyer and Seller sign Sales Purchase Agreement Contract and the Buyer will send Draft Banking instrument verbiage for review.
4. Seller sends partial POP to Buyer via email:
(a) Statement of Availability of Product
(b) Seller's Irrevocable Commitment to Supply
(c) Product Passport
(d) Certificate of Product Origin
(e) ATSC (Authorization to Sell and Collect)
5. Buyer sends the Final Draft of LC/SBLC for Sellers approval.
6. Buyer's Bank Swift the irrevocable, operative, transferable, divisible, confirmed and fully Funded Documentary Letter of Credit IRDLC to the Seller's bank.
7. Seller sends the full POP and 2% Performance Bond to Buyer's bank.
8. Shipment commences as scheduled in the contract and upon arrival of the cargo at the discharge port and after SGS/Q&Q, or equivalent inspection, immediately Buyer's Bank releases the Total Value of the Shipping to Seller's Bank within 48 hours (two banking days) by MT103 against shipping documents specified.
9. Seller pays all intermediaries involved in the transaction as per IMFPA within 48 hours.
Notes:
1) Seller will allow transferable sblc/dlc and non-transferable sblc/dlc as a finance instrument.
2) Buyer must submit Loi/icpo to start engagement with our seller.
3) No brokers please. Only direct buyers or direct buyer reps.
4) Please Note: I'm direct to the seller of a billion dollar global trading company who specializes in gas and grains trading. We have impeccable due diligence and a successful 40 year track record. (We have our own refinery in Kazakhstan)
Supplier: Bonny light crude oil (blco), yemen light crude oil, jet fuel, diesel d2, d6, mazut, base oil, gasoline, cocoa bean and powder, petroleum products, coal, diesel, bitumen, petcoke, aluminum, hms, charcoal, wheat, sugar, milk, soybean, corn, beef, chicken, flour, meal, rye, frozen vegetable, okra, french fries, etc.
Services: Procurement, exporter
