SOFT CORPORATE OFFER – FOB FUJAIRAH


TTM is possible in the Seller’s office in Dubai  + past Performance + 2% PBG advance upon receiving MT705 Pre-advise

To: End Buyer

We, GUBS OIL as representative of supplier, hereby state and represent that it is our corporate intention to sell commodity EN590 10ppm (ULSD) in the quantity and for the price as specified in the Terms and Conditions stated below. This representation is made with full corporate authority and responsibility:

COMMODITY: EN590 10ppm (ULSD) 

ORIGIN: Saudi Arabia Refinery or Refinery in Middle East with Barcode and customs documents

SPECIFICATIONS: EN590 10ppm (see Appendix 1) 

TOTAL/CONTRACT QUANTITY: First lift 100.000 MT, then up to 300.000 MT per month in 12 months. Extension possible. 

PACKAGING: Bulk 

DELIVERY SIZE: 100.000 -300.000 MT +/- 5% (One vessel) 

DELIVERY SCHEDULE: Delivery schedule in the SPA 

MODE OF PAYMENT: 

The seller shall issue the initial 2% PBG upon receipt of the MT705 pre-advice from the buyer’s bank to the seller’s bank 

  1. REGULAR S.P.A. ARDLC MT700 for monthly Value for 12 months period, then on delivery MT103/202
  2. REGULAR S.P.A. SBLC MT760 for monthly Value for 12 months +1 day then on delivery MT103/202

MODE OF SECURE LOGISTIC SERVICE: T.B.A.

TARGET PRICE:

Target price: 3 days average price minus -$28 USD per MT from GULF FOB Platts code AAIDT00

LOADING SEA PORT: Fujairah Port, U.A.E.

UNLOADING SEA PORT: TBD

INSPECTION: SGS, BV or Similar Organisation

DOCUMENTS: FOR RELEASE PAYMENT ON DELIVERY TO VESSEL: T.B.A. at S.P.A.
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TRANSACTION PROCEDURE FOB – FUJAIRAH TANK TO VESSEL EN590 10ppm (ARDLC)

  1. The Buyer issue LOI with CIS
  2. The Seller issue SCO with CIS
  3. The Buyer issue ICPO and POF (bank Statement print screen with attorney attestation letter or sign and stamp by CEO to our CEO).
  4. The Seller issues Sales and Purchase Agreement (SPA) with the first lift of 100,000 MT and regular delivery of 100,000 MT per month in minimum 12 months contract to Buyer.
  5. The Buyer and Seller sign the SPA and lodge it with their banks and Buyer’s bank issues Pre-Advise SWIFT MT705 together with a RWA MT799 (confirm ARDLC MT700) to the Sellers Bank. The Seller’s bank upon receiving the Pre-Advice SWIFT MT705, responds with 2% PBG of the ARDLC monthly value to Buyer’s Bank.
  6. Within five (5) banking days, Buyer’s Bank will issue ARDLC SWIFT MT700 service from either a Top 50 EU/US bank or via Top 25 EU corresponding bank to Seller’s Bank account.
  7. Seller issues the full POP within 3-15 banking days including Fresh SGS and Unconditional Dip Test Authorization (UDTA) to the buyer.
  8. The Buyer schedules a Quality & Quantity (Q&Q) dip test by SGS in the seller’s tanks (optional) and issue CPA/Q88.
  9. Upon verification of the Proof of Product (POP), the buyer makes the payment MT103/202 within 24 hours and the seller provides the laycan date for product injection into buyer’s nominated vessel. After receiving 100% payment, the Seller will transfer title ownership to the buyer.
  10. The Seller delivers next shipment as per the SPA terms and conditions

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TRANSACTION PROCEDURE FOB – FUJAIRAH TANK TO VESSEL EN590 10ppm (SBLC)

  1. The Buyer issue LOI with CIS
  2. The Seller issue SCO with CIS
  3. The Buyer issue ICPO and POF (bank Statement print screen with attorney attestation letter or sign and stamp by CEO to our CEO only).
  4. The Seller issues Sales and Purchase Agreement (SPA) for the first lift of 100,000 MT and regular delivery of 100,000 MT per month in minimum 12 months contract.
  5. The Seller and Buyer signs the SPA and lodges with their banks and Buyer’s bank issues Pre-Advise SWIFT MT705 together with a RWA MT799 (confirm SBLC MT760) to Seller’s Bank.
  6. The Seller’s bank upon receiving the Pre-Advice Swift MT705 responds with 2% PBG of the SBLC monthly value to Buyer’s Bank.
  7. Within five (5) banking days, Buyer’s Bank will issue SBLC SWIFT MT 760 service from either a Top 50 EU/US bank or via a Top 25 corresponding EU Bank to Seller’s Bank account.
  8. Seller issues the full POP within 3-15 working days including Fresh SGS and Unconditional Dip Test Authorization (UDTA) to the buyer.
  9. The Buyer schedules a Quality & Quantity (Q&Q) dip test by SGS in the seller’s tanks (optional) and issue CPA/Q88.
  10. Upon verification of the Proof of Product (POP), the buyer makes the payment MT103/202 within 24 hours and the seller provides the laycan date for product injection into buyer’s nominated vessel.
  11. After receiving 100% full payment, the Seller transfers ownership title to the Buyer.
  12. The Seller delivers next shipment as per the SPA terms and conditions.

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Declaration

We, the undersigned Buyer, hereby confirm full acceptance of the stated procedures and agreed price and affirm our readiness and commitment to proceed accordingly by issuing an Irrevocable Corporate Purchase Order (ICPO) with POF or an MT705 Pre-Advice for an RDLC, or an MT799 Pre-Advice for an SBLC, followed by the issuance of a Documentary Letter of Credit (DLC) or Standby Letter of Credit (SBLC) from a Top 50 international bank in strict compliance with the agreed terms.

Buyer Company:……………..

CEO: …………….

If you accept the procedure and price, please confirm which procedure is suitable for you. Then, kindly send your CIS and company profile to our email, and we will provide you with the ICPO draft.

GUBS OIL 
Attn: Sales Manager 
info@gubsoil.com

More information: +31-61-666-1606   Dr. Ryan