Posted by BORIS on September 30, 1998 at 18:49:00:
PURCHASE OFFER
PRODUCT: GASOIL 0.2 - D2
ORIGIN: RUSSIA
QUANTITY: 1,200,000 M/T
TERMS OF DELIVERY: FOB CLAIPEDA (Baltic Sea)
SHIPMENT:100,000 M/T PER MONTH (25,000 MT per week)
PRICE: $4.00 OFF ROTTERDAM BARGE
PAYMENT: BY IRREVOCABLE TRANSFERABLE
LETTER OF CREDIT.
PROCEDURE: SELLER ISSUES FCO. BUYER SIGNS FCO. SELLER ISSUES DRAFT CONTRACT FOR NEGOTIATION. UPON SIGNING THE CONTRACT SELLER SUBMITS PROOF OF PRODUCT TO THE BUYER. THE BUYER ISSUES A LETTER OF CREDIT FOR FIRST 2 WEEKS. SELLER ISSUES 2% PERFOMAS BOND SHIPMENTS START AS PER CONTRACT.
DELIVERY: WITHIN 30 BANKING DAYS AFTER ISSUING LETTER OF CREDIT.
PURCHASE OFFER
PRODUCT: GRUDE OIL (RUSSIAN BLEND)
ORIGIN: RUSSIA
QUANTITY: 1,200,000 M/T
TERMS: FOB VINSPILS (Baltic Sea)
SHIPMENT: 100,000 M/T PER MONTH
PRICE: $0.80 OFF URAL PLATT'S PER BBL
PAYMENT: BY IRREVOCABLE TRANSFERABLE
LETTER OF CREDIT.
PROCEDURE: SELLER ISSUES CORPORATE OFFER
THE BUYER ISSUES ICPO. SELLER ISSUES DRAFT CONTRACT FOR NEGOTIATION.
UPON SIGNING THE CONTRACT SELLER
SUBMITS PROOF OF PRODUCT TO THE BUYER.
THE BUYER ISSUES A LETTER OF CREDIT
COVERING ONE MONTH SHIPMENT.
SHIPMENTS START AS PER CONTRACT.
DELIVERY: WITHIN 30 BANKING DAYS AFTER
ISSUING LETTER OF CREDIT.