Product

  • 5mm MT D2 Spot available
  • Warnar Group
    18th Aug 2008
    We have a 5mm MT spot, FOB Rotterdam, available for immediate lift at the rate of 100,000 to 200,000Mt a day. Price is $680 with $5 to buy side which will be split 3 ways. Buyer mandate group open. Seller pays commission. Please review procedures. If acceptable, an NCND will be issued. Upon return all procedures will be put into action.



    1. Commodity: Diesel GAS OIL LO.2/62
    -D2 (GOST 305 82)
    2. Origin: Russia
    3. Specification: International Export Quality
    4. Quantity: 5,000,000 metric ton
    5. Price: $680.00 per metric ton including $5.00 to the Buyer Side for Commission
    (Buyer side commission disbursed equally to three groups; XXXXXXXXXXX, XXXXXXXXXXXXX & Buyer Mandate)
    6. Delivery Ports: FOB ROTTERDAM
    7. Payment Terms: SWIFT MT 103/23
    8. Shipment: month of August 2008

    9. PROCEDURE
    1. Buyer sends ICPO (Irrevocable Corporate Purchase Order)
    2. Seller accepts ICPO and offer (FCO) with banking details and
    3. i. Buyer signs the FCO, with Banking Details and returns the signed copies the
    seller.
    ii. Buyer's bank issues a Bank confirmation of Capability Letter (BCCL) / MT 799 to Seller's Bank (Bank to Bank) with a copy to seller.
    4. i. Seller's Bank verifies / BCCL, and send a soft/partial proof of product
    (P/POP) to buyer's bank.
    ii. Seller's Bank confirms buyer's BCCL verification to seller and seller issues CONTRACT AGREEMENT, based on the agreed terms in the FCO with IMFPA/NCNDA.
    5. i. Buyer and seller sign and execute the contract with IMFPA/NCNDA.
    ii. Buyer and seller deposit signed copies of contract with their respective banks.
    iii. Buyers bank issues a "condition" payment, via Swift MT 103/23.
    6. Seller's bank confirms MT 103/23 and issues Bank to Bank.
    i. Full Proof of Product (POP)
    ii. Transfer of product ownership (Documents) to the Buyer.
    7. Buyer's bank receives product's title in the name of the buyer and releases the full (100%) payment to the seller's bank Account via SWIFT MT103.
    8. Buyer's/Seller's Bank to pay immediately to commissions, via Swift Wire Transfer to Paymasters Bank account.
    9. Each party to bear respective banking cost/chargesocedures. If acceptable, an NCND is issued and we move forward according to listed procedures.

    Paul Taylor

    802-235-1033

    warnargroup@gmail.com