Germany REBCO is a Crude Oil product. Key specs — Origin: Germany.
Product Description
Specifications: SOFT OFFER on REBCO Commodity: Russian Export Blend Crude Oil REBCO Quotation: 10,000,000 bbl / month Contract Period: 36 months with rolls & extension Price: Platt\'\'s OilGram, 3 Days around the B/L date; Cargoes CIF / Med Basis Genova / Lavera Discount: Gross / Net USD 5.00/bbl / USD 3.00/bbl Commissions: Buyer / Seller 50/50 basis, seller side closed Payment: Irrevocable, transferable, revolving documentary L/C covering each monthly shipment until contract completion Delivery Terms: CIF ASWP Delivery Start: 30-45 days from L/C REBCO Purchase Procedures: 1.
Seller and Buyer sign NCND. 2. Buyer issues LOI, with bank name, but no contact info or soft probe permission. 3. Seller or mandate will issue FCO with required procedures. 4.
Buyer will sign and seal FCO, and issue an ICPO with full bank contact info and BCL or soft probe permission specific to the proposed transaction referenced to the FCO and seller code number. 5. Seller will provide signed, sealed contract with specifications and terms for buyer to edit, approve, sign, stamp and return electronically. 6.
ALL DOCUMENTS ARE ELECTONICALLY TRANSMITTED - BINDING AND LEGAL. 7. Seller will send out signed and sealed hard copies to the buyer for his signing and sealing. Buyer will also include at least first months shipping schedule then return via courier. 8.
The Sellers Bank, immediately upon acceptance of electronic contract, will provide RWA via a SWIFT MT-799 directly to Buyers Bank confirming the Proof of Product POP issued in the name of the Seller and readiness to issue 2% Performance Bond PB Guarantee. 9.
Within 3 Three banking days from receipt of the MT-799 the Buyers bank will establish the Pre-Advise DLC in the agreed format in favour of the Seller and lodged in the seller\'\'s bank. L/C must be minimum of once transferable, irrevocable, revolving, top 25 World Bank issued. 10.
The Seller\'\'s bank in 3 Three banking days after receipt of contract hard copy and the Pre-Advise DLC provides the full POP documents issued to the name of the Buyer and 2% Performance Bond P.B, which will cover the same period as the Buyers DLC. PB will automatically activate the Buyers DLC. 11.
The Seller informs the Buyer about the readiness for Shipment of monthly consignment. 12. The Seller undertakes shipment in accordance with the Contract terms.
