Our proposal of Petroleum products & Crude oil

We propose you the following program:

1). You (as Buyer's side) will issue  DRAFT LOI (with required specification for EN590 10 ppm
or other required product by you).
2). We will send your DRAFT LOI to our US Broker for approval to receive Green Light from him to issue LOI.
3). You will issue LOI on Buyer's Letterhead with Signature and Stamp.
4). Our US Broker will register your LOI in Seller's Office.
5). After approval your LOI by Seller - You start to work according to Seller's Procedures directly with US Seller/Titleholder.

Remark: DRAFT LOI.

Text with the specified below data, with the Seller's Procedure, Product Specification, Buyer's Bank Name and the country in which it is located. There is no need to insert the names of companies and directors and their contact details in the DRAFT LOI.

We have the following opportunities:
 

Delivery on CIF in Buyer's port of Destination (Wholesale).

The quantity is 50,000 - 100,000 mt per Month x 12 Month
Price: the Code of Platts - Discount in MT of EN590

Please include in your Buyer's LOI:
Name of product;
Specification of product;
Origin of product, which Buyer requires;
Duration of Contract: 12-months (Annual SPA);
Quantity of Product per month;
Quantity of Product per year/12 months;
 
Procedure (core): LOI / Zoom / POF / FCO / SPA / SBLC / 2%PB / MT103:
a). Buyer sends LOI.
b). Seller, Buyer and Mediators provide the Introductory Zoom Video Conference.
c). Buyers shows POF to Seller.
d). Seller sends FCO directly to Buyer. If Buyer accept FCO - Seller issues SPA.
e). Buyers issues SBLC (SBLC amount is 110% of the monthly contract cargo value.).
f). Seller issues 2% Performance Bond.
g). When vessel arrived in port of Destination – Buyer pays MT103 for delivered cargo.
 
Delivery on CIF: port of Destination;
Target Price; (Index Platts : Platts Code - good Discount);
Buyer’s Collateral: SBLC;
Buyer’s Payment terms: MT103;
Buyer's bank name and Rating in TOP listing.

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