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Trade Leads Directory -> All Trade Leads -> Chemicals -> Petroleum Products: Fuel Oil -> Real fuel seller source of JP54 and D2
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Real fuel seller source of JP54 and D2 (Offer to Sell)

Real Biz, LLC
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Trade Lead Description:

D2 Price: Platts -$22/-$20 Qty: up to 2M MT

JP54 Price: Platts -$10/-$8 Qty:1M to 10M BBLS

PROCEDURES:
1) BUYER ISSUES LOI

2) SELLER ISSUES FCO TO BUYER FOR EXECUTION.

3) BUYER RETURNS SIGNED FCO TO SELLER.

4) BUYER & SELLER SIGN & SEAL CONTRACT.

5) SELLER ISSUES PRO-FORMA INVOICE FOR LIFTABLE AMT (LIFTABLE AMT IS MOVED TO ROTTERDAM AFTER CONTRACT & RDLC IS CONFIRMED BY SELLER BANK) & ATTESTATION LETTER IS NOTARIZED BY A REGISTERED NOTARY & ATTY.

6) BUYER BANK ISSUES NON OPERATIVE DLC OR CONDITIONAL MT103.23 IN FAVOR OF SELLER (SELLER PROVIDES ACCEPTABLE VERBIAGE) FOR THE LIFTABLE AMOUNT (10-25%)

7) SELLER BANK ISSUES A 2% PERFORMANCE BOND TO ACTIVATE BUYER PAYMENT INSTRUMENT.

8) SELLER ISSUES TO BUYER FULL POP CONSISTING OF: TANK RECEIPTS, SGS REPORTS, DIP TEST AUTHORIZATION

9) BUYER CONDUCTS DIP TEST, CONFIRM PRODUCT & PAYS BY MT103 FOR LIFTABLE AMOUNT.

UPON CONFIRMATION OF BUYER PYMNT BY MT103, SELLER TRANSFERS TITLE TO BUYER

10) LIFTING COMMENCES
Type of Offer: Offer to Sell
Quantity: 5M BBLS - 10M BBLS
Packaging: Not Specified
Price / Incoterms Conditions: Not Specified

Posted from US - MaryLand on 17 November, 2015
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Company Details
Company Name: Real Biz, LLC Top Member - Become a Top Member
Contact Person: Dante Mayo
Location: US - MaryLand
Hotels in MaryLand, US
Companies from US
Trade Leads from US
Products from US
Classification: Chemicals - Petroleum Products: Fuel Oil
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