Sellers Published date: June 24, 2020

Soft corporate offer
COMMODITY: LIQUEFIED PETROLEUM GAS (LPG)
Quantity: 30,000 MT -100,000 MT
Purchasing Price: PLATTS EVEN
Commission: $0.50 – Seller’s side $0.25 per MT and $0.25 per MT for Buyer’s side
FOB: Gulf Coast of the United States

WORKING PROCEDURE (FOB)

1- Buyer sends CP for Seller to do DD, and if accepted
2- Buyer issues ICPO containing the seller’s working procedures and the Buyer’s product specifications.
3- Seller issues to buyer a Proforma Invoice, Buyer signs and returns with CPA and KYC; and upon approval of the signed PI (Proforma Invoice) and CPA,
4- The seller issues the following documents which includes
- Seller business registration details
- Seller notarized commitment to supply
- Seller notarized authorization to sell and collect (ATSC)
- Seller notarized statement of availability

5- The Buyer upon receiving these documents within 3 days issues a Letter of Credit (DLC) via MT700 (this might require a pre-advice. The copy of the instrument must be provided to the Seller for verification and confirmation.
NB.: - The Seller must refund the Buyer the cost of the Bank instrument in case Buyer can’t get the product as promised
Buyer must pay penalty of $100,000.00 if he cannot close the transaction due to lack of payment guarantee, logistics and funds for final payment.

6- Seller loads product to the buyer’s vessel and provides all documents with SGS report, final invoice.
7- The Buyer makes payments via MT103 and the vessel sails to the Buyer’s port of destination; the schedule for next deliveries is agree upon.
8- The commissions will be paid by the buyer/seller, as per signed IMFPA.

NOTE:
*ONLY ICPOS WITH OUR ACCEPTABLE WORKING PROCEDURES BELOW WILL BE ACCEPTED*
*THE VALIDITY PERIOD OF THE ICPO MUST NOT BE MORE THAN SEVEN (7) WORKING DAYS FROM ISSUE DATE*
*THE LOI / ICPO MUST CONTAIN A COMPLETE IDENTIFICATION OF PRINCIPAL BUYER (PASSPORT DATA PAGE), SIGNED, SEALED & STAMPED IN BUYER’S COMPANY’S LETTERHEAD, and EXIT BUYER’S COMPLETE COMPANY’S PROFILE INCLUDING WEBSITE and ATTESTATION LETTER USING THE PROVIDED TEMPLATE*
* PRODUCT SPECIFICATION TO BE PROVIDED ON DEMAND AND IN SPA*
*ALSO, BUYER’S OPINION OF SPECIFICATION IF ANY AND ANY OTHER RELEVANT DETAILS WILL BE WELCOMED*
*NO PAST FULFILLED CONTRACT WILL BE PRESENTED AS “PAST PERFORMANCE” SANITIZED OR NOT FOR THE FOLLOWING REASONS:
*SUCH PRACTICE IS AGAINST TRADE REGULATIONS*
*SUCH PRACTICE IS AGAINST STATED SGS POLICY*
*SUCH PRACTICE VIOLATES FORMAL CONTRACT CONFIDENTIALITY BETWEEN BUYER AND SELLER*
*ALL BANK-TO-BANK COMMUNICATIONS MUST BE VIA SWIFT MESSAGES ONLY.
Pls call +8328741010

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• Publisher: Batubo
• Company Name: BOG Logistics and Global Resources Ltd
• Country: USA

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