Producer information
Company:
Exim India Oil Company Ltd |
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Address:
Exim House,36b/1, Kalidas Patitundi Lane, Hazra, Kolkata , West Bengal, India |
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Phone:
+91-671-2491170 |
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Mazut-100-Fuel Oil (Russian Origin)
We, EXIM India OIL CO LTD (EXIM OIL, in short) , with full corporate responsibility and authority of the Principal Sellers hereto, confirm hereby that we are ready, willing and able to enter into contract with Principal Buyers or Mandates directly for the commodity referenced hereunder, on the terms and conditions set forth below. This Offer is NOT to be freely and indiscriminately circulated but is for the purposes specifically of the transacting party hereinabove addressed: -PRODUCT: MAZUT M-100;GUARANTEED SPECIFICATION: IN ACCORD WITH GOST 10585-75;ORIGIN: Russian FEDERATION;PACKING: BULK;QUANTITY: 100 000 METRIC TONS PER MONTH x 12 MONTHS, FIRST SHIPMENT TO COMMENCE WITHIN 30-45 DAYS AFTER RECEIPT OF AN OPERATIVE FINANCIAL INSTRUMENT FROM THE BUYERS BANK; OR FIRST SHIPMENT CAN BE DONE BY VESSEL (25. 000 MT) .VALIDITY OF THE CONTRACT: 12 MONTHS WITH POSSIBLE ROLL AND EXTENTON.BASIS OF DELIVERY: CIF BASIS;PRICE: THE PRICE IS DETERMINED AS MEAN AVARAGE OF A THREE DAY QUOTATION AS REPORTED BY MARKETSCAN PLATTS MED / FOB OR NWE / FOB FOR MAZUT M 100, ONE DAY BEFOR BILL OF LADING, THE DAY OF LOADING, AND ONE DAY AFTER THE BILL OF LADING. Price FORMULA IS PLATTS QUOTATION MINUS DISCOUNT PLUS FREIGHT:GROSS DISCOUNT: US $8. 00 / MTNET DISCOUNT: US $5. 00 / MTTERMS OF PAYMENT:BY IRREVOCABLE, CONFIRMED, TRANSFERABLE, DOCUMENTARY LETTER OF CREDIT AT SIGHT 100% TO COVER EACH MONTHS SHIPMENT ISSUED BY THE PRIME TOP BANK.PROCEDURES:BUYER ISSUES ICPO;SELLER ISSUES FCO;SELLER ISSUES DRAFT CONTRACT;BUYER CONSIDERS THE CONTRACT, AMENDS, MAKES THE CHANGES IN RED COLOR AND RETURNS THE CONTRACT WITH FULL BANK INFORMATION;SELLER SIGNS / SEALS WITH COMPANY SEAL THE CONTRACT AND RETURNS TO BUYER;BUYER SEALS THE FINAL CONTRACT AND SENDS BACK TO THE SELLER;BUYER BANK SHALL ISSUE OPERATIVE L/ C TO SELLER; THE SELLER SHALL ISSUE OPERATIVE PERFORMANCE BOND 2% ;SHIPMENTS COMMENCE AS PER CONTRACT.Pls note Loading is immediate. Qty can be altered to suit the Buyer and his Vessel arrrangements. Spot shipment before an Annual Contract Preferred.==========================
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