JP54 – D2 – LNG M100 – Gasoline 95 – FOB Rotterdam – RFM-Russian – N.6.

 

R.F.M. – Russian – N.6. – Info – Details

 

This supplier is a big US company  with the capacity to supply any large quantity that buyer needs – FOB Rotterdam.

Supplier Fixed price policy protection:

The refinery guarantee that the prices are always below the plats prices.

The refinery/seller guarantee that if Platts prices go down for any reason,

The refinery/seller guarantee the prices will be reduced and adjusted to stay below Platts Prices.

Also!

The refinery/seller guarantee that if the prices goes up, the prices will not be

changed and will stay the same till the end of the contract.

What ever the case is will  be a win – win transaction.

This supplier doesn’t do CI/DIP/PAY or sell on Platts minus price. (Don’t ask for that.)

We don’t like broker chain, prefer to work directly  with buyer or buyer’s mandate.

If you intent to purchase  one of the following products JP54 – D2 – LNG M100 – Gasoline 95  

send us inquiry  for the current prices

R.F.M. – Russian – N.6 – Procedure

Here we have 2 procedure

PROCEDURES: (1)

  1. Buyer Issues ICPO VIA nilramtrading with authority to soft probe, CP and BCL from buyer’s bank
  2. Seller/Refinery sends Commercial Invoice and SPA to the Buyer.
  3. Buyer Signs CI and SPA, along with IMFPA then lodged with the buyer and seller’s respective banks
  4. Sellers/Refinery’s Bank confirms Buyers Bank BCL, and then provides PPOP to Buyers Bank.

Partial POP includes:

  • Copy of License to export;
  • Copy of Approval to Export
  • Copy of Statement of Availability of the Product.
  • Copy of the Refinery Commitment to Produce the Product.
  1. After confirmation, Buyer’s Bank issues NON operative SBLC/BG MT760, and Sellers

         Bank provides full POP and issue 2% PB to activate the buyer’s instrument.

         PB will be for the contract and NOT for the SPOT

  1. Seller gives DTA to Buyer. Buyer makes Dip Test at Loading Port.
  2. After successful Dip Test Buyer pays with MT103 at the Loading Port.
  3. Buyer also pays the Intermediaries according to the IMFPA.
  4. Spot is closed, followed by the 12 month Contract.

Fast Procedures (2):

  1. Buyer issues ICPO via Nilramtrading with permission to soft probe + CP + BCL to seller (Verbiage is attached)
  2. Seller’s bank verifies the BCL and after verification, seller’s bank immediately provides the buyer’s bank with POP including SGS report, CI, TSR, DTA etc…
  1. Buyer Signs CI and SPA, along with IMFPA then lodged with the buyer and seller’s respective banks
  2. Buyer verifies the products and makes Dip Test and pays with MT 103 for the first lift.
  3. Buyer also pays the Intermediaries according to the IMFPA.
  4. Spot is closed and contract starts.
  5. Buyer issues SBLC/BG MT760 for the contract and Seller issues 2% PB
  6. Shipments commence as scheduled.

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 And as follow here are:

Russian – N.6 – Letter Of Intent (LOI) – COMPANY PROFILE (CP)

and

The

BANK COMFORT LETTER (BCL)

(This is to print out  & add to your letterhead)