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
- Buyer sends ICPO or LOI
- Seller issues Commercial Invoice for lift-able product to be signed and sealed and returned by buyer.
- 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.
- A. Storage Tank Receipt
- B. Product Passport Q&Q Dip-Test analysis report (Int’l surveyor Inspection Company)
- After performing DTA, MT will be released and commodity is ready to lift.
- Seller Will Provide Full Pop Bank to Bank.
- Contract can be sport or 12 months period.
- After DIP test, Buyer pays with MT103.