Product : Mazut 280

Country of Origin: UAE

Price FOB: 620 USD per MT + $10 per MT commission from buyer side/ CIF:   650 USD per MT + $10 per MT commission from buyer side

First Lift Quantity: 80,000 MT (Up to 80,000 per months with rolls and extension)

Contract Duration: Spot or 12 Months

Discharging Port: Fujeireh, UAE

Shipping Method: Dip and Pay ( FOB / CIF )

Payment: MT760

Procedures

  1. Buyer sends ICPO or LOI
  2. Seller issues Commercial Invoice for lift-able product to be signed and sealed and returned by buyer.
  3. The Seller shall provide the Buyer with the following partial proof of product documents for verification of product:Buyer within 24 hours verifies documents and forwards acceptance letter.Buyer issues one time transferable MT 760 as per seller bank verbiage to guarantee the contract.
    1. A.    Storage Tank Receipt
    2. B.    Product Passport Q&Q Dip-Test analysis report (Int’l surveyor Inspection Company)
  4. After performing DTA, MT will be released and commodity is ready to lift. 
  5. Seller Will Provide Full Pop Bank to Bank.
  6. Contract can be sport or 12 months period.
  7. After DIP test, Buyer pays with MT103.