Israel Custom Gas

Specifications: Soft Offer to Sell 600 M m3 Custom Gas DDU in Bonded Storage. 1. Product: Custom gas. 2. Specification: GOST 5542 - 87 3. Quantity: Up to 600 Millions m3. Delivery Schedule to be appended to the Sales/Purchase Contract. 4.

Quality: Natural Gas sold under this Offer at the Delivery Point shall conform to the usual quality specifications of Gasprom. 5. Price: $240 per 1000 m3 less discount (gross 20$ net 18$) 6. Depot: Baumgarten - Austria 7. Incoterms: DDU Bonded Storage. 8. Tranches: Spot 9.

Payment: Letter of Credit unconditional, irrevocable, transferable will be made not later than 4 Banking days in favour of the Seller issued or confirmed by an AA or better rated major prime Bank upon submission of Invoice by the Seller. 10. Transaction Procedures: 1. Buyer receives soft offer (this one). 2.

Buyer sends LOI plus Bank letter confirming that a irrevocable L/C will be issued in Principle within four (4) days, subject to positive verification of the transmitted copy of the certificate of storage (sample will be sent to Buyer). 3. Seller and Buyer sign and seal the sales/purchases contract and exchange the signed and notarized copies. 4.

Seller provides Proof of Storage to Buyer. 5. Buyer verifies availability of the commodity. 6.

After receiving the copy of the Certificate of storage (COS), Buyers Bank issues a non - operative Letter of Credit (L/C) arriving within four (4) Banking days at Sellers Bank, following a fully satisfying verification of the availability of the commodity at the storage site. 7.

The Seller will assign the original Storage documents to the Buyer on a Bank to Bank Basis. Thus the Buyer will be the new legitimate owner of the product. 8. Based on the submission of the storage documents to the Sellers Bank, Sellers Bank will activate the L/C which completes the transaction. Please note: Its a SPOT DEAL.

Seller says First come - take it all.