ND Preston LLC – 3108 Columbia Pike, Floor M – Arlington, VA 22204 Email: [email protected] - Tel: 202-847-6761 – web: www.ndpreston.com – Skype: nd.preston REF-NDP-PETR-FOB-CIF-020917-ALL Price and Discount Valid only with Code: “ND PRESTON LLC” Soft corporate offer COMMODITY: ANY REFINED PETROLEUM PRODUCT (EXCEPT LNG NOW) QUANTITY: FIRST LIFT: BUYER’S QTY PURCHASING PRICE: NEGOTIABLE FOB AND CIF TO ASWP ORIGIN: RUSSIA SPECIFICATION: STANDARD INSPECTION: SGS EQUIVALENT PAYMENT: MT103/23 (/72), MT103. COMMISSION: NEGOTIABLE SELLER AND BUYER’S BANK COMMODITIES DEPARTEMENT CONFIRM THEIR DD BEFORE ANY TRANSACTION STARTS PROCEDURES - STRICTLY NOT NEGOTIABLE 1. Buyer issues ICPO with full contact and bank details. 2. Supplier issues draft CONTRACT AND PROFORMA INVOICE for negotiation. Buyer and seller sign and seal after mutual agreement. (The contract and the signed and sealed invoice are sent to the banks.) 3. Upon signature of the FINAL CONTRACT and the PROFOMA INVOICE - with transaction code reference number, Buyer's Bank issues for each cargo - one MT 103/23 CONDITIONAL (to check and verify the documents and the product, including the Dip Test Authorization) and REVOLVING. Send via Swift to the supplier’s bank, with a copy to supplier’s secure E-mail ad- dress. 4. Upon confirmation of the MT 103 CONDITIONAL the Supplier immediately issues the following: Supplier deposit 2% PB. All the following documents related to the product: a) The Dip Test Authorization, tank storage, receipt and survey report made by SGS or IASC.
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ND Preston LLC – 3108 Columbia Pike, Floor M – Arlington, VA 22204 Email: [email protected] - Tel: 202-847-6761 – web: www.ndpreston.com – Skype: nd.preston
REF-NDP-PETR-FOB-CIF-020917-ALL
Price and Discount Valid only with Code: “ND PRESTON LLC”
Soft corporate offer
COMMODITY: ANY REFINED PETROLEUM PRODUCT (EXCEPT LNG NOW) QUANTITY: FIRST LIFT: BUYER’S QTY PURCHASING PRICE: NEGOTIABLE FOB AND CIF TO ASWP ORIGIN: RUSSIA SPECIFICATION: STANDARD INSPECTION: SGS EQUIVALENT PAYMENT: MT103/23 (/72), MT103. COMMISSION: NEGOTIABLE SELLER AND BUYER’S BANK COMMODITIES DEPARTEMENT CONFIRM THEIR DD BEFORE ANY TRANSACTION STARTS
PROCEDURES - STRICTLY NOT NEGOTIABLE
1. Buyer issues ICPO with full contact and bank details.
2. Supplier issues draft CONTRACT AND PROFORMA INVOICE for negotiation. Buyer and seller sign
and seal after mutual agreement. (The contract and the signed and sealed invoice are sent
to the banks.)
3. Upon signature of the FINAL CONTRACT and the PROFOMA INVOICE - with transaction code
reference number, Buyer's Bank issues for each cargo - one MT 103/23 CONDITIONAL (to
check and verify the documents and the product, including the Dip Test Authorization) and
REVOLVING. Send via Swift to the supplier’s bank, with a copy to supplier’s secure E-mail ad-
dress.
4. Upon confirmation of the MT 103 CONDITIONAL the Supplier immediately issues the following:
Supplier deposit 2% PB. All the following documents related to the product:
a) The Dip Test Authorization, tank storage, receipt and survey report made by SGS or
ND Preston LLC – 3108 Columbia Pike, Floor M – Arlington, VA 22204 Email: [email protected] - Tel: 202-847-6761 – web: www.ndpreston.com – Skype: nd.preston
- Chinese Buyers are not allowed to use MT103/23 from Bank in main land China with Refinery, only Banks
from Hong Kong and Singapore are accepted
- Conditional MT103 is the only instrument accepted by Refinery, it would be revolving for contract
- SGS and full payment are done at loading port only, even for CIF delivery
- Buyer is welcome at the loading port for both FOB and CIF
- Negotiation is only about destination port, schedule for loading, commission (who pays commissions),
warranties, not about procedure.
- Supplier is from FIRST MARKET NOT Second Market
WE DO NOT ACCEPT ANY ICPO OR LOI WITH OTHER PROCEDURE. *Seller reserves the right to reject any Buyer's CP & ICPO/LOI, Logistics after DD Send it to: [email protected]