Trade Lead Description:
Crude Rapeseed Oil / Canola for industrial use
Origin: Canada / Black Sea ports / China, Seller option
Quantity/Term: 10,000 mt/month MIN - 20,00 mt/month MAX X 12, price fixed for one year
Specs: Standard or German Pack/Delivery: Ship to tank / CIF Hamburg or Rostock ports
Target Price: INDEX Price = Rotterdam/Hamburg Crude RSO in tank MINUS negotiable discount
1st shipment / Frequency: 30 days after DLC opened / then every 30-45 days
Payment: 100% each shipment by DLC, automatic, revolving, transferable, divisible, and irrevocable, payable at sight against documents by a prime bank. Performance bond: 2% times the value of DLC
Insurance: 110% X cargo value, all risks coverage
Inspection: SGS or equal at loading port for quality and quantity, Seller expense
BUYERS Company and Bank Information: to be provided after the time of confirming that requirements are met. MUST PROVIDE LAB REPORTS
Posted from US - Louisiana on 15 January, 2008
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