Diesel And Automative Gas Oil (Ago)

LOOKING FOR SERIOUS, REPUTABLE, REAL BUYERS THAT CAN FOLLOW PROCEDURES OUTLINES BELOW!!!!

Procedures and Conditions:

1 Buyer shall be a reputable registered oil trader.

2- Buyer shall submit letter of intent (LOI) together with storage tanks details and Confirmation of Funds Letter, confirming availability of funds for the execution of this contract/refer annexure 3 format.

3- Seller provides full corporate offer including proof of product.

4- Upon acceptance of the FCO by the Buyer, Seller send draft contract to the buyer, for review.

5- Upon acceptance of the terms and conditions of the sales purchase contract, Buyer signs the contract and return to the Seller, as executed contract.

6- not later than 3 Banking days Buyer sends Conditional SWIFT MT 103 Field 23 and which shall be payable against Counter Bank Guarantee ( BG # 1) provided by the Seller.

7- Not later than 15 days Seller transfers allocation to Buyer.

8- Shipment commences as per the agreed schedule.

Payment Terms:           

The Payment Terms shall be as Stated herein below:

Buyer shall send a Conditional SWIFT MT 103 Field 23, in favour of the Seller, in US Dollars covering AVERAGE 3 months off take value of the commodity ( US$ ), which shall be payable, against a Counter Bank Guarantee ( as per Annexure BG # 1)  in favour of the Buyer with face value US $, as Security to the Buyer. The SWIFT MT 103/23 shall be issued by One of the Top 20 West European Banks located in Europe, and similarly the Counter Bank Guarantee shall be issued by One of the Top 20 West European Banks. The Counter Guarantee shall be as per Text attached herewith as per BG # 1.

If the "Payment Instrument (s)" are issued by Bank (s) other than the Top 20 West European Banks, the said  Payment Instrument (s) shall be confirmed and payable  by the corresponding Bank of the "Payment Instrument (s) " issuing Bank (s) in Zurich. Alternatively the Payment Instrument must be confirmed and payable at the Zurich/ Switzerland Counters of the Branch of the Payment Instrument issuing Bank.

Management of Counter Guarantee : The Buyer irrevocably undertakes to permit the Seller to do the Management of the Counter Guarantee issued by the Seller ( BG # 1), as per the terms mutually agreed. 

The Payment for Monthly shipment (s) shall be effected, against presentation of shipping documents. The payment shall be made by the BUYER to the SELLER to the designated account, by telegraphic transfer (TT)/SWIFT against Presentation of Shipping Documents.

Inspection:            Soci�t� G�n�rale de Surveillance (SGS) or equivalent surveillance company certificates, at Sellers Option, verifying timely delivery, specifications as per Agreement. The inspection costs to be shared equally ( 50/50) by Buyer and Seller.

If you are ready, willinig and able to work with above referenced procedures, please contact the undersigned...

Sincerely,

Aleksey Kaplan, CEO

A.K. Prom, Ltd.

Office: 1-718-998-8788

Mobile: 1-646-327-2775