Product Description

Condition of delivery: Cif aswp
Condition of payment:
Dlc or bg458 or stand-by on cost of volume of monthly delivery of the goods, as the guarantee of payment of the contract.
Payment for the goods-direct payment for each party of the shipped goods accordingly bill of lading in the terms coordinated by the seller and the buyer.

Procedure:
1. The buyer lets out icpo and the bank letter confirming ability of the buyer to pay the declared monthly volume of the goods to address of the seller:
To:
The format of the bank letter is applied

2. After reception of the above-stated documents the seller gives fco and the draft -contract to address of the buyer.

3. Within 5 (five) bank days from the moment of reception of the bank letter with confirmation to solvency of the buyer the seller gives the buyer a package of resource documents pop (documents are issued by the company )

4. Further -according to contract procedure.
At purchase of great volume of the goods (about 500. 000 mt in a month) shipment is possible each 7 (seven) days.
The appendix: The format of the bank letter confirming solvency of the buyer.
Specimen of "letter of readiness, willing and able"
(ktt / swift 799)
Bank reference:
Date:
To:
Address
Beneficiaries:
Address:
Account name:
Account number:
S. W. I. F. T.:
Tel:
Fax:
Bank officer:
Contract no:
Subject to receiving satisfactory proof of product documentation
We, xxxxxxx, address: Xxxxxxxxx for and on behalf of our client and account holder xxxxxxxxxxxxxxxxxxxxxx hereby confirm with full responsibility our readiness to issue operative irrevocable, confirmed, non-transferable, , valid for the period of the contract plus one month, documentary letter of credit covering cost of monthly delivery, value of xxxxxxx (xxxxxxxxxxxxx) metric ton s) +/-5% of russian gasoil d2 (l-02-62 gost 305-82), within xxxx days from receiving the terminal confirmation and acceptable pop documents as mentioned on the contract bank to bank. Basis

Sincerely,
Bank officer bank officer
Title title