the Seller has sold, and the Buyer has bought on the basis on FOB NOVOROSSIYSK and PRIMORSK; port of discharge any safe
world port Gas Oil D2 ( GOST 305-82 ), further called the "Goods",
for a total quantity of 7,000,000 (Seven Million ) Metric Tons. Up to 500,000
Metric Tons to be lifted per month until Agreed quantity agreed by both
parties.
PRICE AND VALUE ” of the Contract shall be remained as it is. (The price is offered at USD. – A minus a discount for the Buyer, at a rate of $20.00 (twenty) Net, $30.00 (thirty) Gross USD for 1MT from platt’s European Marketscan on FOB terms of delivery Novorossiysk and Primorsk for the total 7,000,000 Metric Tons.)
- Seller issues Commercial Invoice + Partial POP (SGS Report, Refinery Supply Guarantee Letter and Dip Test Authorization at the refinery) and within 6 hours after the buyer’s dip test at the refinery, buyer issues MT-103 as the payment for the first lift 50,000 MT and within 3 banking days an Irrevocable, Non-Transferable and Revolving Conditional SBLC to cover the amount for themonthly lift of 500,000 MT with the validity for fourteen(14) months to be extended until the contract is completed.
- The Payment for EACH subsequent monthly lift will be by Commercial Invoice +(MT-103).
- The Seller will send to the Buyer's secure email admin@intcafrica.com, the Full POP, upon Receipt of Buyer’s Irrevocable, Non-Transferable and Revolving Conditional SBLC.
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