GENERAL INFORMATION: Commodity: D6 Virgin Fuel Oil
Quantity: 200,000,000 Gallons per Week
Contract Term: SPOT with Rolls and Extensions
Delivery Time: At Loading Port (HOUSTON SEAPORT) Liftable Amount: 200,000,000 Gallons from Storage Tanks and Pipeline
Payment Terms: MT103 100% at Loading Port to be issued by 25 top World Bank
Loading Port: Houston (FOB PORT) Delivery: FOB Houston, in Tanks or Pipeline Inspection: SGS at Delivery LocationGrade: Standard Specifications, with Sulfur at no more than 1% (Sulfur guaranteed to be below 1% dependant on POP)
PROCEDURE: ---------
1. Seller issues SCO
2. Buyer issues ICPO along with Q88
3. Seller issues POP to include DTA
4. Buyer dips and pays by MT103 Each party hereto will bear its respective banking costs/charges. ICPO’s with procedures inserted should be issued with proper Reference Codes and with the Q88. Thank you. Commissions: 50: 50, SELLERSIDE CLOSED, BU
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