Posted by Donald Combs/World Specialties Inc. on August 29, 1998 at 09:37:18:
In Reply to: Urgently : Selling Saudi Light Crude Oil , 400K BPD 36 months posted by Pedro Setiawan on August 26, 1998 at 14:31:26:
: Dear Sir,
We are direct to seller's mandate, we are in the position to offer you the full corporate offer and legal responsability according to International law. We are ready, willing and able to provide the following commodity:
Origin : Saudi Arabia Light Crude
Quantity : 400.000 BPD (12.000.000 BPM)
Period : 36 Months with possible ext.
Platt Price : CIF based on discharging port
Delivery : ASWP
Payment : US$ by means of confirmed and irevocable transferable revolving LOI
Procedure:
1) Sign NCND
2) Buyer issues LOI
3) Bankers Bank issues capability letter
4) Buyers issues a protection aggreement.
5) Sellers issues draft contract for verification
6) Table top meetting for signing
7) Bank to bank, prove product agaisnt prove of funds
8) Buyers issues pre advice L/C to generate allocation numbers.
9) Delivery comments after receipt of L/C
This offer is valid until 09:00 AM Jakarta time on August 28,1998.
Please respond immidiatley if you are a real buyer with buyers mandate.
Reminding you that LOI must be received from End User by 09:00 am Jakarta time on August 28,1998.
Best Regards
pedro_setiawan@hotmail.com
I am next to two Buyer Mandates for OIL, one in London and the other in Canada. If you still have the oil, send me by FAX your NCND Agreement and info for me to direct to them Thanks - Don Combs