crude palm oil is a Plant & Animal Oil product. Key specs — Origin: Cameroon; Price Term: CIF.
Product Description
Detailed Product Description
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CRUDE PALM OIL (CPO)
GUARANTEED SPECIFICATION
COMMODITY : Crude Palm Oil (CPO)
FFA - 5.0% Max
Moisture & Impurities 0.5% Mass
Iodine Value 50-55min
Cloud point 3.5R 3.5Y
Slip Melting Point 33-39degree C Max
DOBI 2.31 min
Amount: 300.000 MT/month Max. 5%.
Total: 3,600,000MT/year Max. 5%.
Origin: Cameroon
Period: By a period of 1 year renewable.
Price: Price by ton ($970 USD/TM), fixed for 12 months, CIF ASWP
(PRICE IS SUBJECT TO CHANGE FROM DAY TODAY).
SPECIFICATION PALM OIL
FFA (Palmitic): 5.0% max.
Moisture Impurities 24 mg./Kg.max
Iodine value: 52.3
Cloud point: 3.5 R
Cloud point: 3.5 Y
Melting point degrees C(AOCS Ce 3-25):50.0 max
Peroxide value: 1.0
Colour: R30
Sulphur: 3
Max.Pouring point: 23
Sodium: 1 mg
Iron PPM: 2
Sap.Value: 200
Relative density: 0.895
Relative index at 50 Oc: 1.455
Water density (PPM/Litre): 472.5
Myristic acid (c 14:O): 7.94
Lauric acid (c12:O): 3.25
Palmitic acid (16:O):49
Acid Ester (18:O):7.89
Oleic acid (c 18:1): 42
Linoleic acid(c 18:2): 12.36
Odour: Odourless
ARTICLE 02 ~ ORIGIN(S): CAMEROON /AUSTRALIA/ PERU
ARTICLE 03 ~ PACKING
SHIPMENT IN FLEXI TANK
ARTICLE 04 ~ PORT OF DESTINATION, TOTAL QUANTITY & BASIS OF DELIVERY
DESTINATION: CIF- By the buyer
300,000 METRIC TONNES WILL BE DELIVERED WITHIN 30 DAYS AFTER RECEIPT OF
THE 30% DEPOSIT, IN SELLERS BANK ACCOUNT.AND THE 70% BY COMFIRMEND TRANSFERABLEL/C
ARTICLE 05 ~ WEIGHT AND QUALITY AN INSPECTION
SOCIETE GENERALE DE SURVEILLANCE (SGS) AT SELLERS COST SHALL
INSPECT COMMODITY AT THE PLACE OF LOADING. SGS SHALL ISSUE AN
INSPECTION CERTIFICATE OF QUALITY AND QUANTITY TO CERTIFY THAT
THE GOODS ARE IN GOOD ORDER AND CONDITION AND BEING CONFORM TO THE SPECIFICATIONS HEREIN STATED.
PAYMENTTERMS: BY IRREVOCABLE, TRANSFERABLE, REVOLVING ANDCONFIRMED LETTER OFCREDIT PAYABLE 100% AT SIGHT IN OUR BANK AGAINSTPRESENTATION OFSHIPPING DOCUMENTS AS PER CONTRACT.
Price negotiations, forthe extension of the shipments and contract,is to take place duringevery 11th month. Should the price negotiationsbe unsuccessful, bothParties can terminate the contract.
The total shipmentof3,600,000MT will be executed in voyages bylarge range tankers(crudecarriers) class 1, Afra system, Seaway max.
All tanker has beentested and inspected by adequate and qualifiedtechnicians. All tankersare 50,000 deadweight tankers with a maximumcapacity of 47.500MT (47.5Million Kg) with the sole purpose oftransporting crude oils.
Supplyguarantee: Will guarantee a contract for the period of 12months toprovide 300.000MT/month with rollover extensions for up to 1years toprovide 3,600.000 MT/year 5% of CPO (Crude Palm Oil)predicated onthe ability of MOCTEZUMA to get the supply, and the twoparties (buyerand seller agree on the price). As stated in thecontracts clauses.
Inspection Agency: By SGS Certificate and/or other responsible recognized Surveyor
Loading: Quality, Quantity and Weight confirmation and accepted on Loading.
Seller to Provide: Vessel Name, Port of Loading, Quantity to be Loaded, Dates to give in the draft contract.
Buyer to Provide: Destination port within one day of signing this contract.
If you are a serious buyer please contact me
If you submit your LOI or ICPO the FCO will be submitted less than 72 hours.
Summary Procedure
Seller sends FCO to the Buyer
1. Buyer accepts this FULL CORPORATE OFFER (FCO) by duly signing and sealing the offer and by issuance of its banking details.
2. The First Load will be paid as said in the payment terms.
3. The Seller and the buyer sign Contract lodged and endorse with the respective Banks.
Buyer's bank shall issue an operative, Irrevocable,Confirmed,Transferable, Revolving Bank Standby Letter of Creditthrough a Top 25Prime International Bank acceptable to the Seller'sBank of totalamount., but not later than 5 (five) internationalbanking days aftersigning the contract.
6. All banking charges includingconfirmation from the Buyer's bankshall be borne by the buyer and allbanking charges incurred by theSeller at Seller's bank shall be borneby the seller.
7. Should any amendments to the instrument berequested once thesame had been issued, then the Party requesting thechange will beresponsible for the payment of the related costs, unlesschanges areneeded to construct the instruments in compliance with theAgreement,then the costs shall be borne by the faulting party.
8. Second delivery shall be between 30-40 days after upon Seller accepted Bank instrument.
