We, China Shap Holding represented by Mr. Wei Min Chang, , hereby with full legal and corporate responsibility affirm and state that we are interested and able to enter into a contract for purchase of following commodity as specified below and that funding is available including import permits needed to fulfill this purchase.
COMMODITY Russian blend crude oil
SPECIFICATIONS GOST51858-2002
ORIGIN RUSSIAN FEDERATION
PRICE GROSS USD$60.00.00-USD$56.00/MT NET
QUANTITY 8.000,000/bbl X 12 MONTH
CONTRACT DURATION 12 X CONTRACT ,
DELIVERY
LOADING PORT CIF CHINA QINGDAO PORT
VLADIVOSTOK PORT
PAYMENT TERMS (DL/C or BG )+TT
POP As per documents list in the contract
INSPECTION By SGS at Seller’s cost
procedure
1.Buyer issues ICPO to Seller.
2.Seller issues draft contract to Buyer.
3.Buyer and Seller signs the Final Draft Contract.
4.Both Parties Lodge the Final Contract with their Respective Banks.
5.Seller’s bank SWIFT text MT 799 to Buyer's bank confirming the full POP in place and to Guarantee the transaction,The End-Seller will further authenticate and provide further legal binding documents to The buyers comfort and security. This consist of FULL PROVE OF PRODUCT POP) Which consists of the following documents and more...
(a)Copy of License to export
(beer) Copy of Approval to Export
(coffee) Copy of Statement of Availability of the Product.
(d) Copy of the Refinery Commitment to Produce the Product.
(e) Copy of Deeds /Title Ownership coffee) Copy of Statement of Availability of the Product.
(d) Copy of the Refinery Commitment to Produce the Product.
(e) Copy of Deeds /Title Ownership
(F) Copy of Origin (Representing the Allocation and Resource Number, Reference Number of PoP, Authority Number,and Contract Number).
(g) Product Analytic report (Indigenous Survey Company).
7. Buyer’s Bank SWIFT operative DLC (MT700) as shipment guarantee
payment to Seller’s Bank..
8.Seller’s Bank will immediately release Full POP Documents and 2%PB.
9.Shipment commences. Cargo arrived at Destination port, TT payment within 5 working days after SGS/CIQ report. Title be transferred to Buyer’s name after confirmation of TT payment from Seller’s bank
BANK,.INFORMATION (B) seller CONFIRMING (BCL BANK)
BANK NAME : BANK OF COMMUNICATION CO. LTD., OFFSHORE BANKING UNIT
ADDRESS : NO 188, YINCHENG ZHONG ROAD, SHANGHAI, CHINA
BUYER’S ACC NAME : CHINA SHARP HOLDINGS LIMITED
ACCOUNT NUMBER : OSA***642
SWIFT CODE : COMMCN3XOBU
***6, +86-20-83270036
FACSIMILE : +86-20-83270400
BANK OFFICER : MS. HUANG YUE MING, MS. ZHU SHOU YAN