JP54 RUSSIAN D2 RUSSIAN MAZUT Product/Commodity : PETRONAS DIESEL EURO2M Origin : MALAYSIA Specification : As in Annexure 'A' Quantity : 50,000 metric ton SPOT Delivery : FOB SG UDANG, MELAKA Terms & Payment : CI-DIP-PAY MT103 Price : MOP SINGAPORE MINUS USD25 Performance Bond : Non Applicable Inspection : SGS (OR EQUIVALENT) Petronas Euro 2M Diesel Marine Gas Oil MGO Procedure: 1. Buyer sends ICPO (Irrevocable Corporate Purchase Order) with Bank detailed information for Seller to endorse and return to Buyer. 2. With 24-48hrs, TTM in Kuala Lumpur: a. Buyer issues MT799 or Bank Comfort Letter (BCL) as Proof of Fund (POF). Seller shows PPOP (Partial Proof of Product). b. Seller issues FCO (Full Corporate Offer) + CI (Commercial Invoice) and DTA (Dip Test Authorisation) c. Buyer acknowledges FCO, CI and DTA and issues Q88 and Crew List for Port Authority Approval. Buyer submits 2 s...
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