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 Home > Buying leads > Buying Leads Details > Blco
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Blco
Post Date
2006-12-29  
Valid period
179  
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b2b168(Information provider)
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Detailed Buying Leads Description
We work directly with refinery mandate. We require urgently CIF delivery of blco. See buyer"s porcedure below: Procedure for CIF delivery of blco 1. Buyer and seller sign and seal sales and purchase contract agreement with banking details and copies deposited at their bank. 2. Buyer issues an indemnity in favour of the seller on his letter headed paper. Indemnifying the seller that he (buyer) will open dlc in favour of the seller upon the seller programming and posting him on the shell international network screen and the pin code given to him for confirmation. The letter of indemnity is endorsed by the buyer"s bank before being released to the seller. And the seller"s bank confirms the endorsement from the buyer"s bank. 3. Seller list and programme the cargo on the shell international screen in the name of the buyer and the pin code given to buyer for confirmation. 4. Buyer confirms the listing and programming and place a non-operative dlc in favour of the seller to cover monthly shipment of the cargo. 5. Seller issues 2% performance bond guarantee to activate the dlc. 6. Seller charters vessel and loading commences as per laycan and all documents issued after loading, including sgs in the name of buyer. 7. Seller sends nor / eta to the buyer. 8. Vessel sails to discharge port and quality and quantity re-confirmed by international independent inspectors sgs or saybolt before discharge into buyer"s storage tanks. 9. Payment is effected by swift wire transfer to the seller"s and all nominated accounts on out turn report. Quantity-4million barrels monthly Duration-12-36 months Delivery-CIF Discount-USD $5. 00 USD $3. 00 net to buyer USD $2. 00 commission Payment-payment by irrevocable revolving documentary letter of credit.
 
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