Sharjah Based Company

Company Description

COMMODITY: JP 54
ORIGIN (SPECIFICATION) :SAUDI ARAMCO
QUANTITY:5 - 10 MILLION BARRELS PER MONTH  
PRICE :$ 72 PER BARREL
FEE: $ 1 FOR BUYER SIDE
CONTRACT PERIOD: 12 MONTHS
AVAILABILITY OFFER :5 DAYS FOR ACCEPTANCE
PAYMENT : SIGHT DLC FROM BANK ACCEPTANCE TO SELLER

COMMODITY: D2
ORIGIN (SPECIFICATION): SAUDI ARAMCO
QUANTITY: ONE MILLION METRIC TON PER MONTH
PRICE : $ 580 PER METRIC TON GROSS TO 560 PER METRIC TON NET
FEE  :$ 8.5 FOR BUYER SIDE $ 11.50 SELLER SIDE CLOSED  
CONTRACT PERIOD :12 MONTHS
AVAILABILITY OFFER : 6 DAYS FOR ACCEPTANCE
PAYMENT  : SIGHT DLC FROM BANK ACCEPTANCE TO SELLER

PROCEDURE
1. ICPO WITH BANKING SOFT PROBE WITH BANK COMFORT LETTER, BUYERS PROFILE NCNDA/IMFPA
2. FCO OR DRAFT CONTRACT
3. CONTRACT
4. BUYERS POF AGAINST SELLERS POP
5. MT 799 CONDITIONAL
6. TRANSFER OF TITTLE
7. PAYMENT
8. DELIVERY
NOTE : ABOVE PROCEDURE IS ARAMCO PROCEDURE. IT CANNOT BE ADJUSTED
INSPECTION : SGS FOR QUANTITY AND QUALITY