Looking for mazut 99/75

RFQ Description

Dear Sir,I have an RWA buyer looking to purchase 100000MT of mazut per month .Buyer is looking for supplier who can comply with the following procedures1. The Buyer issues the LOI or ICPO to the Seller.2. The Seller issues the Draft Contract open for amendments.3. Within two(2) working days, the Buyer counter signs and seals the Draft Contract, and sends it Via E-Mail to the Seller.4. Within two(2) bank working days after both parties have signed the Contract, both the Seller and the Buyer shall lodge the Contracts in their respective Banks. 5. After lodging the Contract in their respective Banks, within five(5) bank working days the Seller through the Sellers Bank shall issue a Non-Operative 2% Performance Bond to the Buyer. 6. At the same time of the Seller issuing the 2%PB, the Seller shall also send the Partial Proof of Product (PPOP) such as Tank Receipts and SGS to the Buyer through the Buyer’s Bank, the Seller shall also issue the Proforma Invoice to the Buyer. 7. After confirmation of receipt of the 2%PB and PPOP from the Seller by the Buyer’s Bank, within five(5) bank working days the Buyer ’s Bank shall issue an operative Irrevocable, Indivisible, Non-Transferable Documentary Letter of Credit (MT700) to the Seller, which shall also activate the Seller’s 2%PB. 8. After confirmation of receipt of the Buyer ’s operative DLC to the Seller by the Seller’s Bank, the Seller shall start with the loading work.9. After Point 1 to 8 above have been completed, the Buyer shall conduct dip test on the product at port.10. Upon the Buyers Product Confirmation, then the Seller shall transfer the product to the Buyer Farm Tank.11. The Buyer will make payment via T/T or MT103 to the Sellers Bank Account within five(5) bank working days after offloading and final inspection at destination of the product.12. The Seller pays the commission to all Agents and Mandates as per signed IMFPA.It is Optional to the Buyer for the continuous supplying for 11 Months contract.13. The Buyers Bank opens as payment guarantee for the subsequent lifts an operative DLC with a face value of one month shipment delivery.14. The Delivery commences as per schedule agreed in the Contract, payment through MT103T/T on shipment by shipment basis.I can be reached at 404-399-0901, Edwina H