|
|||||||||||||||||||
PRICE |
: |
Platt's mazut marketwire under the headings: ural's med "cargoes cif new / basis ara" and "barges fob rotterdam" |
|||||||||||||||||
DISCOUNT |
: |
5-7% FOR MT |
|||||||||||||||||
PAYMENT |
: |
Irrevocable revolving finance bank guarantee no. 458 or slc 322 filled for three months acceptable to sellers, payable in us$ (american dollars) against 2% performance bond |
|||||||||||||||||
PERFORMANCE BOND |
: |
2% |
|||||||||||||||||
PROCEDURE : |
||
1. The buyer corporately confirms and verifies bank guarantee text and issues icpo with bank reference to the seller as per the present fco. |
||
2. The seller is to issue the draft of the contract. |
||
3. Signing of the contract in moscow or budapest. |
||
4. Buyer's bank is to open a pre-advice letter of credit or bank guarantee for 90+10 (one hundred) calendar days. |
||
5. Seller's bank to establish the 2. 0% pbg and proof of product for the total value of the slc or bg in operative form within 5-7 banking days after receipt of a pre-advice letter of credit or bank guarantee. The slc or bg become automatically operative at the day of the pbg receiving in buyer's bank. |
||
6. Delivery terms to start. |
||
