Product Description
PRODUCT / COMMODITY: REFINED SOYBEAN OIL
PRICE TERMS: CIF USD $ 1, 181/ MT FOB 1, 167/MT
PLACE OF ORIGIN: RUSSIAN FEDREATION
QUANTITIES: 30 MT (sample order)
DELIVERY LEAD TIME: 22-28 Days BY SEA
PACKAGING: 1L, 2L, 3L, 5L, and 10L or FLEXI TANKLOADING PORTS: NOVOROSSIYSK COMMERCIAL SEA PORT (NCSP), RUSSIA
Destination Port / Country: CIF VISAKHAPATNAM PORT OR CHENNNAI PORT OR MUMBAI PORT
TRANSACTION PROCEDURE
1. BUYER AND SELLER AGREE ON TERMS AND CONDITIONS AND PRICE AS SELLER SENDS BUYER SOFT OFFER.
2. BUYER THEN SENDS SELLER ICPO OR PURCHASE ORDER / LO I WITH FULL DETAILS OF BUYER AND DISCHARGE PORT FOR THE CARGO
3. SELLER THEN ISSUES TO BUYER THE DRAFT CONTRACT/SALES AND PURCHASE AGREEMENT. BUYER SIGNS AND RETURNS THE CONTRACT BACK TO THE SELLER WITHIN 3 5 WORKING DAYS.
4. SELLER ISSUES TO BUYER THE PROFORMA INVOICE & THE BUYER MAKES AN ADVANCE DEPOSIT OF 30%.
5. UPON CONFIRMATION OF THE 30% ADVANCE DEPOSIT, THE SELLER THEN REGISTERS THE BUYERS ORDER WITH
THE APPOINTED SHIPPING COMPANY AND SENDS TO THE BUYER THE following;
-A. THE B/L
-B. THE VESSEL PARTICULARS
6. WITHIN 48 72 HOURS AFTER RECEIPT AND CONFIRMATION OF THE ABOVE DOCUMENTS, THE BUYER IS EXPECTED TO MAKE ANOTHER PAYMENT OF 30% OF THE ORDER/INVOICE VALUE, AND THEN RECEIVES FROM THE SELLER THE DELIVERY ADVISE FILE BEFORE THE VESSEL SETS SAIL FOR THE DESTINATION PORT. THE DELIVERY ADVICE FILE WILL COMPRISE OF;
- A. THE B/L (3 Copies)
- B. THE CERTIFICATE OF ORIGIN (1 Copy)
- C. THE SGS Q UALITY AND QUANTITY REPORT (1 Copy)
- D. THE PACKING LIST (3 Copies)
- E. THE COMMERCIAL INVOICE (3 Copies)
- F. THE C1 CERTIFICATE
7. ON BUYER RECEIPT AND CONFIRMATION OF CARGO AT DESTINATION PORT, BUYER CONFIRMS PRODUCT AT HIS DISCHARGE PORT AFTER SGS REPORT OR OTHER BUYERS RECOMMENDED TEST FROM BUYERS COUNTRY AND COMPLETES BALANCE PAYMENT OF 70% VIA TT - MT103 TO SELLER WITHIN 3 WORKING DAYS .
8. ON SELLER CONFIRMATION OF PAYMENT, SELLER RELEASE COMMISSION PAYMENTS TO ALL MANDATES, BROKERS AND AGENCY FOLLOWING THE SEALED NCNDA COMMISSION FORMS FOR ALL PARTIES , IF THERE WERE / WOULD BE ANY INVOLVED DURING THE TRANSACTION.
