Wednesday, April 23, 2014
             

Mazut, M100, CIF, Platts, Sell

Price NaN
in bulk
Trade Type: Offer
Valid Until: 30.12.2012
Tags: mazut , sell
Commodity Picture:
Origin: Russia
Quantity: 50000
Metric Ton
USD
Incoterms: CIF
AWSP
Delivery Period: min 50,000.00 MT max 300,000 MT x 12 Month
Quality: MAZUT M100 GOST –10585-75 -99
MAZUT – M100 GOST 10585-75    
Index  UNIT LIMIT
Density @ 15o c Kg / L 0.890 – 0.920
Distillation @ 4 mm Hg %Vol. 370o C max
Mass Fraction of sulfur %Vol. 0.5 max
Flash Point not less oc in the crucible oc >65oc min 110 oc min in open crucible
The temperature of solidification, not higher oc  

25
Mechanical impurities   Lower than 0.1%
Viscosity, Kinematic @ 50 co CTS 118
Acidity   Lower than 5 mg KOH/100 ml
Carbon Residue %wt Lower than 7%
Ash content not more% %wtv 0.14 max
Alkalinity %Vol NIL
Gross Calorific value Kcal/kg – kj/kg   9200/41300 min
H2S ppm 0.5 max
Aluminum (Al) ppm 5
Vanadium (V) ppm 23
Silicon (Si) ppm 12
Nickel (Ni) ppm 49
Sodium (Na) ppm 15
Asphaltenes m/m %Vol 3.6
Extracted to 760 mm HgAsphaltenes m/m    
Initial boiling point deg oc   216
5% recovered deg oc   259
10% recovered deg oc   310
20% recovered deg oc   358
30% recovered deg oc   445
40% recovered deg oc   502
50% recovered deg oc   534
60% recovered deg oc   538
75% recovered deg oc   545
80% recovered deg oc   -
90% recovered deg oc   -
Final boiling point deg oc 550
Percent recovered Vol% 78
Residue Vol% 22
Total Nitrogen m/m   0.192%
Shipment Terms: Quantity: min 50,000.00 MT max 300,000 MT x 12 Month

PRICE: Platt’s European Marketscan less discount 40 USD per MT on the condition C.I.F. ASWP

Commission: for all Facilitator, Intermediaries involved to be paid by Buyer.

PERFORMANCE BOND: 2% of the cost of the monthly party of the goods

INSPECTION SGS OR SIMILAR ACCREDITED AGENCY ON LOADING AT SELLERS’S EXPENSE.

Working procedure Non-negotiable:
1. Buyer send have to send LOI as per seller's draft and NCNDA/FPA;
2. Seller issue FCO;
3. Buyer signs FCO and returns to Seller;
4. Seller provides Draft Contract;
5. Signing of the Contract;
6. Execution of the contract.

PAYMENT: The buyer provides direct payment for each lot of the goods loaded by the Seller.

Banking procedure 1:
1. After signing of the contract the Buyer will issue to the Seller Stand by Letter of Credit for the sum equal to the face value of 1 (one) month party supply of the goods and validity for 395 days.
2. The Seller within 10 working days upon receipt and verification of Stand by Letter of Credit will issue a PB -2 % from the face value of 1 (one) month party supply of the goods and will provide the Proof of Product.
3. The Seller shall perform delivery of the first lot of the Goods within 45days from the date of receipt and verification of Stand by Letter of Credit.
4. Within 2 (two) days after the Seller informs the Buyer about first tanker positions; Buyer shall issue a MT103 to Seller (with instruction to release payment for the goods as goods loaded on the vessel’s board and full set of shipping documents sent to Buyer’s bank) covering face value of the tanker.
5. The Stand By Letter of Credit which is on the Seller’s account is a mortgage instrument guarantying direct payment for the delivered goods and can be accessible to the Seller only in case of default by the Buyer of the Item 4 of the present procedure.

Banking procedure 2:
1. After signing of the contract within 24 hours Buyer have to present Statement of account of available funds confirming Buyer’s pay ability not less then 200% from one month party supply.
2. Buyer's Bank in written informs Seller about blocking funds in Buyer’s favor.
3. Seller, within 10 (ten) working days after receipt and verification of the Buyer’s pay ability will provide to the Buyer the "Proof of Product" and issue a 2% Performance Bond of the cost of one month party supply.
4. Seller will perform delivery of the first lot of the Goods within 45 days from the date of receipt and verification of Buyer’s pay ability in the port nominated by the Buyer.
5. Payment for the each tanker party of the goods have to be made by the Buyer by direct transfer of the funds (T/T) on the account indicated by Seller within 7 (seven) banking days after receiving of the full set of shipping documents for each delivered party.
6. Blocked funds on the Buyer’s account is a mortgage instrument and serves as a guaranty of direct payment (T/T) for the delivered goods and can be accessible to the Seller only in case of default by the Buyer to pay for the goods (T/T) within 7 (seven) days.

Banking procedure 3.
1. After signing of the contract within two days Buyer will issue to the Seller Stand By Letter of Credit for the sum equal to the cost of 2 (two) monthly parties of the goods and validity for 395 days.
2. Seller, within 10 (ten) working days after receipt and verification of the Stand By Letter of Credit will provide to the Buyer the "Proof of Product" and issue a 2% Performance Bond of the cost of one month party supply.
3. Seller will perform delivery of the first lot of the Goods within 45 days from the date of receipt and verification of Stand By Letter of Credit in the port nominated by the Buyer
4. Payment for the each tanker party of the goods have to be made by the Buyer by direct transfer of the funds (T/T) on the account indicated by Seller within 7 (seven) banking days after receiving of the full set of shipping documents for each delivered party in Buyer’s bank.
5. Stand By Letter of Credit on the Seller’s account is a mortgage instrument and serves as a guaranty of direct payment (T/T) for the delivered goods and can be accessible to the Seller only in case of default by the Buyer to pay for the goods (T/T) within 7 (seven) days.

Banking procedure 4:
1. After signing of the contract within two days Buyer have to present Statement of account of available funds confirming Buyer’s pay ability not less then 100% from one month party supply.
2. Buyer's Bank in written informs Seller about blocking funds in Buyer’s favor.
3. The Seller within 10 working days upon receipt and verification of the Buyer’s pay ability will issue a PB -2 % from the face value of 1 (one) month party supply of the goods and will provide Proof of Product.
4. The Seller shall perform delivery of the first lot of the Goods to the port nominated by the Buyer within 45days from the date of receipt and verification of the Buyer’s pay ability
5. Within 2 (two) days after the Seller informs the Buyer about first tanker position for each tanker, Buyer shall issue a MT103 covering face value of the tanker to Seller (with instruction to release payment for the goods as goods loaded on the vessel and full set of shipping documents sent to Buyer’s bank).
6. Blocked funds on the Buyer’s account is a mortgage instrument and serves as a guaranty of payment for the loaded goods and can be accessible to the Seller only in case of default by the Buyer to issue a MT103 covering face value of the tanker
Company: Agent on behalf of Seller's Mandate

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