Looking for sell mazut m100

RFQ Description

Good afternoon,We hereby confirm that we are ready, willing and able to purchase the productRussian M100 ***5 on CIF ASWP basis, in the terms and conditions stated below:I. Terms of TransactionCommodity: Russian M100 ***5Quantity: 500,000 MT per MonthSchedule: 200,00 MT/Month for the first three months to gauge quality ofproduct and On time delivery. 500,000 MT/Month to follow for theduration of the contract.Quality: (Seller attached specification in Draft Contract)Contract duration: 12 months with possible roll and extensionsModality Contract: CIF ASWPPayment document: Non Transferable Irrevocable, Automatically RevolvingDocumentary Letter of Credit (RDLC) covering one month’squantity payable 100% at sight.OROne month quantity value Bank Guarantee (BG), TT payment 5days after arrival at destination portPerformance Bond: 2% of the value of RDLC or BG to favor of buyerInspection: SGS or CIG for Quantity and Quality at loadingII. Transaction Procedure:a) Buyer issues LOI to CONTRACTED SUPPLIER, Seller issues FCOb) Buyer issues ICPO with full banking details. Confirm Buyer financial capability topurchase the product, and to be sent by bank to bank fax or bank to bank email.c) SELLER issues contract to Buyer to sign and return to Seller.d) After signing the contract, Seller sends Partial POP to Buyer’s banke) Buyer’s Bank issues and transmits by Swift MT760 Nonoperative acceptable L/Cin favor of Sellerf) Seller’s Bank after the receipt of the L/C issues the Full Proof Of Product (POP) andthe 2% Performance Bond to activate Buyer’s L/Cg) Delivery commences according to the schedule of the contract.Please confirm your RWA to work on abovementioned conditions. Looking forward to work with you. Thank youAibek.