Crude Palm Oil

Product detail:

CRUDE PALM OIL SUPPLY

We on behalf of our principal seller who is duly registered Palm Oil Exporter in Malaysian Palm Oil Board with full legal and corporate responsibilities, confirm that we are ready, willing and able to arrange supply of the following commodity to your company in accordance with the terms and conditions and mutually agreed commercial covenants and acceptance of the final contract.

 

 

Commodity : Crude Palm Oil(CPO)

Origin : Malaysia or Indonesia

Monthly shipments : Minimum 20,000MT

Loading port : Any Malaysian or Indonesian port

Delivery port : Any World Safe Port (AWSP)

Specifications : Meet PORAM standards

Payment Term : SBLC + TT at sight

Price : ~ subject to latest market price ~

 

SBLC by a top rated world bank in favour of the seller in the amount in Dollar corresponding to the total value of monthly shipment. Payment shall be made by Telegraphic Transfer (T.T. within Three (3) Banking Days upon confirmation and presentation of shipping documents of loading. The buyer shall be required to provide the seller an allotment fee upon signing of the final agreement. This allotment fee shall be refunded upon the issuance of SBLC.

 

TRANSACTION PROCEDURE:

 

1) Buyer issues the LOI+BCL with soft probe authorization and with bank endorsement. All documents have to be on seller's acceptable formats and end buyers letter head.

 

2) Seller issues FCO, Draft Contract and any other valuable documents after verifying the LOI+BCL.

 

3) Buyer issues the ICPO and pay a visit to Malaysia for the signing of the agreement.

 

4) Upon seven (07) banking days of signing of the final agreement, the buyer issues the pre

advised SBLC as per the seller banks format.

 

5) Upon seven banking days of such pre advised SBLC, The buyer would forward 2% PBG

which shall activate the SBLC.

 

6) The seller shall issue the first cargo within 30-45 days after received hard SBLC from

buyers bank.

 

7) Each party hereto will bear its respective banking costs / charges should any amendments

to the standby letter of credit be requested once the same has been issued, then the party

requesting the change will be responsible for the payment of the related costs, unless changes are needed to construct the instruments in compliance with this contract, then the costs shall be borne by the faulting party.

 

 

 

 

Any interested party kindly e-mail LOI and BCL with proper letter heads to us and we will attend to your query as soon as possible. Thank you.