Mazut M-100 (Estonia) is a Diesel Fuel product. Key specs — Origin: Estonia.
Product Description
Product: Mazut Origin: Russia Specifications: Per Contract Total Quantity: Maximum 7,200,000 M. T. +/- 5% Duration:12 months with rolls and extensions to 60 months Monthly Quantity:600,000 MT Maximum Delivery: CIF ASWP Price: Fixed GROSS USD 335 MT, NET USD 332 MT Procedures: 1. Seller issues FCO (This document) 2.
Buyer issues Letter of Intent on letterhead with full banking details 3. Seller issues contract to buyer 4. Buyer and seller sign contract and lodge copies with their respective banks. 5. Buyer issues a Pre-Advice to sellers bank by swift. 6. Seller provides buyer Proof of Product and issues a 2% non-operative performance bond. 7.
Buyers bank issues an operative LC to sellers bank to activate sellers PB. 8. Seller gives ETA of first shipment. 9. Loading commences per contract.
