Crude Palm Oil (CPO)

h) Delivery starts with 30 45 days after confirmation bank instrument.

g) Seller issues 2% Performance Bond (PB) against SBLC.

f)  Buyers Bank issues SBLC/BG via SWIFT MT760

    later.

e) Seller and Buyer sign contract via electronic mail. The hard copies to be exchange

d) Seller issues draft contract

    Bank Comfort Letter (BCL).

c) Buyer sends the copy Letter of Acceptance from FCO and sends ICPO including the

b) Seller issues Full Corporate Offer (FCO) and Letter of Acceptance

a) Buyer issues Letter of Intent (LOI)

Transaction Procedure :-

Dobi Value                          :2.31
Standard                             :Malaysian PORAM

FFA (as of Palmatic)           :5.0%
Moisture & Impurities          :0.5% max
Iodine Value                       :50-55min
Melting Point  (0C)              :39 degree max

CPO Technical Specification :-
 

Term of delivery : FOB only to any local port in Malaysia.

                                      the issuance of ICPO.

Transaction confirmation : Upon signing the Letter of Acceptance as per attached and

                  expenses.

Inspection : Quality, Quantity and Weight by SGS or similar at the loading port at Sellers

                          the 1st shipment within thirty (30) working days.

Packing : Shipment in Bulk
First Shipment : 30 45 days upon receipt, verified and confirmed payment instrument. For 

Payment : By T.T within 3 working days after delivery.

Quantity : 10000MT - 50000 MT/Month
Price : MPOB price  (negotiable during signing).

                              possible rolls and extension.

Commodity : Crude Palm Oil (CPO)
Country of Origin : Malaysia
Contract of Length : One year contract (12 consecutive months) from 1stshipment with

Crude Palm Oil (CPO) from Malaysia.