The Principal end buyer
Attn. 30, 000 (thirty thousand) metric ton of heavy speed oil titled Mazut 100 gost 10585/75 per week (revolving for 20 weeks with possible increase in volume) at fixed rate of USD $400. 00 per metric ton FOB/SPOT Novorossiysk port terminal.
PROCEDURE
1.Buyer signs and return this corporate offer
2.Seller issues contract and commercial invoice; buyer counter sign
3. Both Bank to bank communication initiated
4.Seller issues SGS certificate on Quality and quantity, farm tank receipt and storage facility Contract and buyer counter sign authorization appointment
5.Buyer pays for lift able amount via MT 103
6.Seller’s transfers the title of ownership (consisting of assignment of consignment/Lay can/Lay time/port permit/loading schedule) to buyer
7.Lifting commence
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