bitumen 60/70 requirement.

RFQ Description

Greetings from ELESSE INTERNATIONAL. Here is the requirement specification. kindly reply asap with your quote.Commodity: Bitumen 60/70Target Price: USD$ XX/MT, CIFTarget Delivery Start Date: June 2011THE DATE OF THE BILL OF LOADING SHALL BECONSIDERED THE DATE OF LIFTING AND FOB DELIVERY. BUYER AGREESTO PROVIDE SELLER WITH DATE OF LOADING FOR THE FULL QUANTITYDestination Port: ON BASIC CIF ABU DHABI PORTQuantity: 120,000 MT (+/- 5%)10,000 MT per month x 12 months (amounts must divide equally by10,000 or 5,000 mt)Specifications & Standards: Bitumen grade 60/70, as per standard ARAMCOOrigin: ...............................Packaging: In 50kg bags in 1-2MT Sling Bags and / or Big Bags 2,0Delivery Size: First shipment: 1 X 10,000 MT, 2 X 5,000 MTInspection: Quality, quantity, weight, and photo by Société Générale deSurveillance (¬a“SGS¬Â) or substantially equivalent, internationallyApproved agency, at Seller¬â„¢s cost at port of loading.Performance Guarantee: Two percent (2%) of each shipment valueMode of Payment: BY IRREVOCABLE NON -TRANSFERABLE, DOCUMENTARY MONTHLYREVOLVING LETTER OF CREDIT, PAYABLE 100% AT SIGHT AGAINST SHIPPINGDOCUMENTS AS LISTED HEREIN FOR THE SUM OF PROSPECTIVE DELIVERIESON THE NEXT CALENDAR MONTH CIF ABU DHABI AT SIGHT AGAINSTFOLLOWING DELIVERY DOCUMENTS:-COMMERCIAL INVOICE IN ONE ORIGINAL-CERTIFICATE OF ORIGIN IN ONE ORIGINAL-CERTIFICATE OF WEIGHT, QUANTITY AND QUALITY ISSUED BY LLOYDSOR SOCIETE GENERALE DE SURVEILLANCE (SGS) AT LOADING PORT.-CERTIFICATE OF RECEPTION OF THE GOODS IN LOADING PORT IN ONEORIGINAL.-THE LETTER OF CREDIT (PBG) MUST BE ISSUED (TURKISH BANK),CONFIRMED AND GUARANTEED BY A TOP WORLD PRIME BANKOnce we have received all the required documents and information (set out in the Standard Terms ofa Draft Contract), we will draft a long form Loan Agreement and Assignation in Security. And we donot open any financial instrumentation until seller can prove he has material ready and available byproviding a Pre- Shipment inspection which confirms availability of material.