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Middle East B2B Directory - EURO 2 M, Product by SM Global Traders
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Product Details

EURO 2 M

SM Global Traders
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Product Description:
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The selling price is based on Means of Platts Singapore (MOPS) less USD $25.00 per metric ton for the First Lift of 35 000 MT and then USD $25.00 per metric ton for the duration of the contract of 51 Weeks + RE.

-The pricing is based on MOPS for GASOIL, Sulphur 0.5%max, as published 3 days around Bill of Lading date, average (1-1-1) or (1-0-2) or (2-0-1).
PETRONAS Diesel of EURO 2M Specification with sulphur 500 PPM Max.

- De-escalation of Sulphur or biological contaminations deviation from the EURO 2M Specification attached in Appendix “1”which is an integral to this Agreement will result in either Buyer’s refusal of the cargo or a re-negotiation of price per MT.
PAYMENT & BANKING PROCEDURES
1. Both Seller and Buyer sign the Contract.
2. Seller allows Buyer to do DIP-Test.
3. Buyer issues 2% Performance Bond.
4. Seller provides POP in the name of the Seller consists
of Proof of Title and Cargo Readiness.
5. Buyer issues payment via MT103.
6. Seller transfer ownership to Buyer.
7. Buyer issues Q88.
8. PETRONAS Terminal issues Lay-time.
9. Lifting of initial 35K MT CLOSE.

-Buyer issues Irrevocable Documentary Letter of Credit (DLC) for the Balance contractual quantity.
Other Details:

Offered by: SM Global Traders (View Showroom, Create your own Showroom)
Place of Origin: Malaysia (More Products from Malaysia)
Stock Location: Malaysia
Quantity: 200,000MT x 12
Packaging: Bulk
Price: Not Specified
Product Seller Classification: Chemicals - Petroleum Products: Fuel Oil
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