buyer for LNG

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buyer for LNG

Post  Admin on Thu Jun 28, 2018 8:01 am



Dear company

1.Product : LNG( LIQUEFEID NATURAL GAS) GOST 5542-87
2.Quantity : 600,000MT x 12months
3.Destination port : Tianjin port
4.Delivery terms : within 30 days after received letter of credit
5.Terms of payment : Letter of Credit by MT700 guarantee security, and
payment by MT103 (T/T) within 72 hours after CIQ.
6.Inspection : CIQ at Unloading port
7.Performance bond : 2%
8.CIF target price : $XXX USD gross / $XXX net Per MT
9.Commisson: $XX Seller side / $XX Buyer
side(Seller will pay)

10. PROCEDURE:
Step1. End-Buyer issues official ICPO to address to End-Seller.
Step2. End-Seller issues official Draft Contract to be reviewed and
countersigned within (3) working days.
Step3. End-Buyer return signed Draft Contract on (Micro Soft Word Format).
End-Seller release the Register/Legalized the Partial Proof of Product (PPOP)
programmed on the name of End-Buyer.
(i) Copy of License of Export.
(ii) Certificate of Incorporation.
(iii) Copy of Tank Storage Receipts.
(iv)Copy of Tank Storage Agreement.
(v) Corporate Guarantee/Addendum.
(vi)Legalized/Notarized Hard Copies Contract.
(vii) Attestation of allocation issued by Ministry of Energy.
(viii) Affidavit / Letter of Affirmation issued by Ministry of Justice
(ix)Programmed partial POP registered on the End-Buyer as the
legitimate owner of the product.
(x) Allocation Transaction Passport Code Certificate programmed of End
Buyer’s Company’s name.
Step4. End-Seller issue the Non-operative 2% Performance Bond of the
shipment value to End-Buyer nominated Bank.
Step5. End-Buyer bank issues the MT700 Documentary Credit to the EndSeller
nominated bank, The Seller’s Non-operative 2% Performance
Bond Guarantee (PBG) will be activated simultaneously.
Step6. Delivery commences as per shipping schedule to arrive discharge
port within 25 calendar days to enable the End-Buyer make payment of
the quantity of product via MT103/TT upon CIQ at discharge port.
Step7. Seller Company release all commission to intermediaries per signed
NCNDA/IMFPA.
11.bank coordinates: BANK OF CHINA, SHANDONG BRANCH, LICANG
SUB-BRANCH
ADD : NO.15 JINGKOU ROAD,LICANG DISTRICT, QINGDAO CHINA


http://www.bankofchina.com/us/en/


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