Jet Fuel (Hong Kong)

We are able to help buyers get competitive price jetfuel, please find below spec.

Procedures: Product: Jet fuel jp54 grade Origin: Aramco, saudi arabia Quality: Standard export specification Quantity:50 million bbl per month for 60 months, with roll & extension, plus/minus 5% Shipment size: Subjected to the loading and discharge port condition Delivery terms: Cif-aswp Price: Fixed price, $ gross/$ net USD CIF/aswp Commission: A commission of us$.00 per barrel is shared between buyers agent and seller\'\'s agents.

Lifting: First lifting will be 30 days upon receipt of letter of credit Payment terms: Payment by irrevocable, non-transferable, revolving, confirmed L/c payable at sight Performance bond:2% after receipt of pre-advice of L/c. Closing procedure: Seller sends fco along with the draft contract for buyer\'\'s approval.

Buyer signs/seals fco and returns it to the seller, along with icpo, including buyer\'\'s bank details and the permission to the soft probe, and returning signed & sealed draft contract too. Against sellers allocation documents. Buyer and seller sign the hard copy of the contract.

Within three (3) banking days after the sign of the contract the seller\'\'s bank shall contact the buyer\'\'s bank within an agreed window time to carry out the pop/pof which consists of the following: Seller\'\'s bank confirm to buyer\'\'s bank: A.

The validity of the documents for the proof of product as per clause 3.6), confirming also that they are deposited in the bank; B. The capability of the seller to finalize this deal of his own size; C.

The bank is ready to issue financial instruments seller\'\'s side to perform the contract on behalf of the seller Buyer\'\'s bank confirm to seller\'\'s bank: A. The buyer is capable to finalize this deal of his own size. B.

The bank is ready to issue financial instruments seller\'\'s side to perform the contract on behalf of the buyer As soon as the pop/pof has successful 8.. A. seller issues 6 hard copies in original, all 6 original hard copies to be sent to buyer via DHL or fed express or any courier, for buyer to sign & seal. 8..

B. buyer returns 3 signed & sealed hard copies, via DHL or any other courier, to the seller.

Within three (3) international banking days, from the receipt of the final hard copy of the contract from the buyer, the buyer\'\'s bank issues bank to bank via swift a pre-advice of irrevocable, not-transferable, revolving and confirmed L/c payable 100% at sight to cover one month delivery to be issued or confirmed by a top prime world bank.

Within three (3) international banking days, from the issuance of the buyer\'\'s pre- advise lc in the seller\'\'s favour, as per clause 8.7), the seller\'\'s bank will issue bank to bank via swift a revolving 2% performance bond not operative calculated on a monthly shipment value and correspondent in value to the buyer\'\'s pre-advise L/c.

Within three (3) international banking days, from the receipt of the seller\'\'s not operative performance bond, the buyer\'\'s bank issues bank to bank via swift the Irrevocable, not-transferable, revolving and confirmed operative L/c payable 100% at sight, covering one month delivery to be issued or confirmed by a top prime world bank that shall activate the pb 2% issued from the seller\'\'s bank.

This L/c shall be automatically revolving to the next monthly shipment until completion of the contracted quantity. Deliver will start according to agreed delivery schedule.