Description

 Date: *9. *8. ***1

SOFT OFFER

To: Buyer or Buyer mandate

We, hereby confirm that we are ready to represent Sellers able to provide the following commodity, D2 as per in the quantity and for the price as specified in the terms and conditions as hereinafter set forth. 

PRODUCT NAME AND DESCRIPTIONS:

COMMODITY : Diesel fuel D2

LOCATION/ORIGIN : Saudi Arabia

DELIVERY : 6 Million Tones

QUANTITY :,**0,**0MT per month 

DURATION : 4 weeks

DURATION OF CONTRACT : 1 Year with extensions and rollovers 

PRICE : Prent Platt minus 4% in $USD/MT FOB KSA, Ras Tanura(port)

DISCOUNT : None

COMMISSION : 3 USD PMT

PAYMENT SECURITY: Confirmed, Operative, Irrevocable Documentary Letter of Credit, automatically revolving

SHIPMENT DOCUMENTS:

1.     Test Certificates

2.     Certificate of Origin 

3.     Invoice Shipment Charges 

4.     Certificate of Quality and Quality By SGS. 

5.     Full Set of Clean On Board B/L

6.     Commercial Invoice 

PROCEDURE:

*2.1 BUYER ISSUES AN LOI WITH FULL BANK DETAILS AND A BCL FROM TOP *0 BANKS IN THE WORLD. THROU BANK TO BANK SWIFT. 

*2.2 SELLER/SELLER’S REPRESENTATIVE ISSUES FCO TO THE BUYER ALONG WITH POP

*2.3 BUYER SIGNS SEALS AND SENDS FCO TO SELLER ALONG WITH BUYER’S ICPO

*2.4 BUYER AND SELLER EXCHANGE SIGNED CONTRACT

*2.5 SELLER ESTABLISHES A NON-OPERATIVE PERFORMANCE BOND (PB) IN FAVOR OF BUYER

*2.6 BUYER ESTABLISHES AN OPERATIVE, CONFIRMED AND REVOLVING DOCUMENTARY LETER OF CREDIT IN FAVOR OF SELLER IN THE AMOUNT OF TWO MONTHLY SHIPMENTS.

*2.7 SELLER GIVES PROVISIONAL LAY-CAN DATES TO THE BUYER

*2.8 BUYER NOMINATES LOADING VESSEL(S) FOR LOADING PORT CLEARANCE *2.9 SELLER CONFIRMS ACCEPTANCE OF VESSEL(S) AND THREE DAY LAY-CAN RANGE TO THE BUYER

*2.*0 ON RECEIPT OF SELLER’S ACCEPTANCE OF VESSEL(S) AND THREE DAY LAY­CAN RANGE, BUYER SHALL FIX VESSEL(S) AND VESSEL’S MASTER(S) WILL GIVE ETA TO LOADING PORT.

*2.*1 AT LOADING PORT AFTER NOR VESSELS SHALL COMMENCE LOADING ON CIF BASIS

*2.*2 AFTER LOADING SELLER SHALL PRESENT DOCUMENTS TO HIS BANK FOR PAYMENT

*2.*3 SHIPMENT COMMENCES

*2.*4 SHIPMENT ARRIVES IN THE HARBOR OF DISCHARGE

*2.*5 PAYMENT IS EXECUTED ON THE 2NDDAY AFTER THE DAY OF APPROVAL BY SGS IN THE HARBOR OF DISCHARGE ON THE COSTS OF THE BUYER 

VALIDITY of SO:

"This S.O. is valid for Seven (7) Banking days from the date of issuance and subject to International Market Price variations, as well as the availability of the commodity if not accepted by expiration date." 

SPECIFICATIONS OF D2:

STANDARD ACCORDING TO INDICES OF QUALITY GOST

*5                                                        1.Cetane Index, min

**0                                                      2. - *0% is distilled under the temperature 0°C not more 

**0                                                      - *6% is distilled under the temperature 0°C not more 

3.**6.0                                     3. Kinematics viscosity under *0° _ cst 

**0                                                      4.Solidification °C, max 

*5                                                        5.Temperature of cloudiness °C, max 

*2                                                        6.Flash point in closed crucible, 0° _, min Locomotive and vessel diesel and gas Turbines

0.2                                                       7. Fraction of total mass of sulfur in percent, max (%) 

(%) 0.0                                                8.Fraction of total mass of mercaptan sulfur percent, max (%) 

absent                                                  9.Content of Hydrogen

Sulfide passed                                      *0.Test on Copper plate

absent                                                  *1.Content of water - soluble acid and alkali 

*5                                                        *2.Content of actual tar mg on **0 cm cub of fuel, max 

absent                                                  *3.Content of water

5                                                         *4.Acidity mg KOH on **0 cm cub of fuel, max 

5                                                         *5Iodine index g of iodine on **0 g of fuel, max