Russian Virgin Fuel Oil D6 LPFO-(SBLC TERMS)

Russian Virgin Fuel oil D6 LPFO (0.38% Sulfur Max, API 29.7)
Product from Russia
Initial Dip & Pay: Upto 400 Million Gallons and
Contract 400 Million Gallons X 12 months with Rolls & Extensions.
TRANSACTION PROCEDURES - CIF TERMS
1. Buyer issue LOI or ICPO.
2. Seller Issues Contract Open for Amendments.
3. Buyer Counters Sign And Seals The Contract And Sends Via E-Mail To Seller.
4. Seller issue proforma invoice and Partial POP documents to Buyer via Seller Official email address to Buyer official Email address on listed below:
A. Copy of License certificate.
B. Copy of Statement of Availability of the product.
C. Copy of Proforma Invoice,
D) Certificate of Origin,
E) Q&Q done by indigenous lab at port of Origin,
F) ATS(Authorization To Sell) License certificate,
5. Buyer Within three (3) banking Days, Buyers bank Send Swift Operative Irrevocable Confirmed Standby letter of Credit (SBLC)Via Swift MT760 to Seller Fiduciary company bank outside Russia and payable at sight.
6. Seller 2%PB to buyers for Guarantee Monthly shipment and Commences and issue full POP and shipping documents Including (against shipment Documents (Q88, SGS report certificate , Bill of Lading ), and also test report) to buyer/Bank.
7. Ship arrives at port destination port and conduct inspection on the goods and Buyer release payment to seller bank after inspection at port 100% payable for each shipment within 3 banking days upon the cargo passed SGS and receipt of all the relevant payment documents.
8. Commission to all Agents and Mandates as per signed IMFPA.