Oil and Petroleum Newsgroup

Location: USA, UNION CITY NEW JERSEY

D6, D2, JP54.
(Diesel) D2 - L-02/62 - GOST 305-82 Commodity: Gas Oil (Diesel) D2 - L-02/62 - GOST 305-82 Origin: Russia Technical Specs: Standard Delivery Term: CIF Rotterdam - INCOTERMS 2010 Quantity: From 100.000 up to 300.000 MT per month for 12 months (R&E) Trial Shipment: 100,000 MT - Term Dip & Pay Price: Platt’s Rotterdam, less discount Gross $20 USD/MT - $18 USD/MT Net Commissions $2USD per MT paid by the buyer Term of Sale: Trial shipment + Contract Inspection: SGS - SAYBOLT – INTERTEK Payment: Trial shipment by TTWT / MT103 against documents. Contract by security payment guarantee ( L/C - SBLC from prime Bank). Contract: Subject to successful of Trial Shipment. ROTTERDAM/DIP AND PAY TERM & TRANSACTION PROCEDURES: 1. Buyer provides ICPO, Company Profile 2. Seller issues Commercial Invoice and draft Contract .Buyer countersigns CI and contract and return to seller.
 3. Seller issue DTA to buyer.
 4. Buyer request his own SGS Inspection to do Dip test on the vessels at Rotterdam Port. 5. Upon confirmation of SGS, buyer pays by MT103 and release the commissions to the intermediate. 6. After successful verification of SGS Inspection report, seller changes title Ownership from seller to buyer. 7. Lifting of products commences