crude palm oil

1. My Principle is the authorized dealer and the end supplier of CPO in Malaysia.
2. CPO origin Malaysia.
3. Specification based on PORAMs standard.
4. Quantity to be proposed by buyer.
5. Contract length 3 years of continuous supply can be arranged.
6. Contract details base on companys standard.
7. Packing & marking bulk in tanker vessel.
8. Shipment schedules to be proposed by buyer.
9. Loading port Sarawak, Sabah. (Buyer shall engage appropriate vessels to take the delivery).
10. Destination- Buyer to decide the discharging ports.
11. Inspection SGS at port upon loading by both parties.
12. Target price FOB. US$/mt. i.e., MPOB excluding export tax, bunkering, general services and port charges but subject to a forth coming PI and/or contract being received and approved. Price will be either fixed or revised monthly.
13. Market price for CPO as given by MPOB on 21^st April, 2009 is at US$660-00 per mt.
14. Proposed terms of payment- confirm 100% Standby Letter of Credit At Sight (SBLC), Bank Gaurantee (BG) and/or Documentary Letter of Credit (DLC) which is revolving, ir-revocable, divisible and transferable confirmed by HSBC Singapore or other acceptable banks in Singapore.
15. Seller agreed of a lump sum discount on the whatever selling price for the whole purchased quantity.  The amount of the lump sum discount shall be adjusted based on the daily CPO trading activity and subject to changes until the deal is firmed.
16. If a deal is coming through Buyers & Sellers mandate, agents, or intermediary, a NCNDA have to be signed by all parties including the Buyer to protect everyone interest in the transaction.

Sub:  Supply of Crude Palm Oil (CPO) 

Product origin: Malaysia
Specification: base on PORAM's standard
Price: MOPB is 660US$ per mt.
Inspection:SGS at port.