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Dear Sirs : I have in my hand (LOI) from Buyer Mandate asking for Mazut M100, Gost 10585/75 Russian Origin as below :- 1Single Spot Deal of 72,660 MT and Long Term Contract of 500,000 MT Per Month for 12 Months with Additional Roll - Overs and Extensions of 48 Months with 50,000 MT Trial Shipment 72,660 MT Abroad TORM SOFIA in Open Seas CIF , Hung Dao , Penglai or Other China Port - Price : $ 470 USD , Gross / $ 420 USD Net .- No Any Up Front Payment .- Payment By Irrevocable Documentary Letter of Credit and Telegraphic Wire Transfer Swift Payment Upon Delivery .- Commission : ($ 25 USD , Seller Side - Closed + $ 25 , Buyer side, for buyer mandate and his group) To be paid by the Buyer Side to all Intermediaries .Waiting for Soft Offer RegardsDr Joseph Sansil