FULL CORPORATE OFFER
Ref. : Euro/D2/400/36/03/03
We, the undersigned, acting with full corporate authority and legal responsibility under penalty of perjury, hereby confirm that we are RWA to arrange/broker an annual contract for the sale/delivery of 6.000.000 MT of Russian D2 under the following terms and conditions:
1. PRODUCT: D2 -
2. Origin: Russia
3. Quality: as per standard export quality
4. Total quantity: 14.400.000 MT/year, extensions possible
5. Shipments: in cargo lots to be agreed between Seller & Buyer
6. Contract duration: 36 months
7. Delivery: CIF basis to the Buyer's designated discharge at any Safe World Port
8. Price: As per PLATTS minus discount of $US9, 00/ MT GROSS - $US 6,00/MT NET to Buyer
9. Payment: By irrevocable, Revolving, Divisible, transferable, Documentary L/C issued or confirmed by a Prime bank, covering one month shipment, plus a bank confirmation letter for performance on whole contract
10. Performance bond: 2% SLC
11. Proof of product: as per agreed procedure
PROCEDURE:
1- The Seller sends his signed, sealed and notarized Draft Contract to the Buyer by e-Mail.
2- The Buyer Signs, Seals and Notarizes the Draft Contract and returns it to the Seller by e-Mail, in parallel Seller and Buyer will exchange (3+3) Master Contract by FedEx. (Note: For expediency the signed & sealed electronic copy will be used to close all the Banking & Closing Procedures)
3- After the exchange of the signed, sealed and notarized Draft Contracts the Seller and Buyer have achieved a legal binding agreement, in which the contracts shall be deemed to be the document under full legal force for both parties.
4- The Seller issues to the Buyer or the Buyer's Prime Bank the CRPPV.
5- The Buyer's Prime Bank shall issue in the maximum of six (6) banking days after the receipt of the CRPPV an Operative Fully Funded Transferable, divisible, Irrevocable, Confirmed, monthly Revolving L/C. including the Seller's side commission.
6- The Seller's Prime Bank shall issue in maximum of five (5) banking days after receipt of the Buyer's Operative L.C. a 2% Operative Performance Bond
7- Deliveries commence with the contractual schedule as agreed upon between Buyer and Seller.
VALIDITY: 3 banking days after date of issue of this FCO.
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