We are ready and able to supply PETRONAS HIGH SPEED DIESEL (AGO), with the following term and conditions:

PRODUCT : PETRONAS HIGH SPEED DIESEL (AGO)
ORIGIN : PETRONAS TERMINAL
QUANTITY : 20,000 METRIC TONS PER MONTH FOR 12 (TWELVE) MONTHS
SPECIFICATION : AS PER ATTACHED
PRICE : SINGAPORE MEAN OF PLATTS (MOP) LESS USD$5/- PER METRIC TONS
LOADING PORT : MALAYSIAN PORTS AT SELLER’S OPTION
PAYMENT TERM : GUARANTEE / SECURITY PAYMENT BY STANDBY LETTER OF CREDIT
(SBLC) OR BANK GUARANTEE (BG) FOR 1 (ONE) MONTH SHIPMENT VALUE
WITH VALIDITY OF 1 (ONE) YEAR, FOLLOWS BY TELEGRAPHIC TRANSFER
(TT) WITHIN 24 (TWENTY) HOURS AFTER INVOICE DATE.
INSPECTION : INTERNATIONAL RECOGNIZED SURVEYOR AGREED BY BOTH BUYER AND
SELLER.
PROCEDURE :

1) Seller issues Full Corporate Offer (FCO) to Buyer.
2) Buyer acknowledges receipt of Full Corporate Offer (FCO) by signing and returning to Seller follow by Irrevocable Corporate Purchase Order (ICPO).
3) Seller and Buyer negotiate and sign contract.
4) Buyer to provide vessel QUESTIONAIRE 88 (Q88).
5) Seller issues partial Proof of Product (POP).
6) Buyer issues confirmed STANBY LETTER OF CREDIT (SBLC) OR BANK GUARANTEE (BG) valid for 1 (ONE) year..
7) Seller will provide FULL PROOF OF PRODUCT (POP) and laycan.
8) Delivery commence as per contract.

Contact person: Tengku (0193683390)