The seller has D6 HOUSTON every week, 200 million gallons.
Shell/Exxon 1.04 Net 1.06$ Gross
Quantity: First lift 400,000,000 gallons
Future lifts depend on Buyer’s logistical capabilities and will be mutually agreed per Buyer and the Seller.
PROCEDURE:
1- BUYER ISSUES CP AND ICPO WITH FULL BANKING DETAILS (once we have both Seller then speaks to Buyer)
2- SELLER ISSUE CI
3- Buyer will sign CI and return with TSA/TSR.
4- Seller will issues DTA, and SGS
5- BUYER DO A DIP TEST IN SELLERS STORAGE/TANKER AND PAY THE PRODUCT WITHIN 24 HOURS FROM DTA
6- BUYER LIFT PRODUCT AND ISSUES SBLC FOR A WEEKLY QUANTITY; SIGNS ONE YEAR CONTRACT
(PROCEDURES ARE NON-NEGOTIABLE)
Kindly send Buyer LOI+CP for our review.