Bitumen

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the cargo and receipt of all the relevant shipping documents.

delivered per slot via SWIFT fund transfer within 23 banking days after discharge of

13. Seller releases payment to all Brokers/Agents same time out-turn shipment

12. Shipment commences.

11. The SGS inspection charges will be borne by the Seller.

10. Sellers bank issues full proof of product (POP) to Buyers bank.

9. Sellers bank issue non operative 2% PB to the Buyers bank.

8. Buyers and Sellers bank communicate and agree on the final wording of DL/C.

7. Seller releases allocation number and partial proof of product (POP) to the buyer.

6. Buyer bulks for allocation with the seller company for the period of the contract.

5. Upon acceptance of the draft contract, Buyer and Seller execute the contract.

4. Seller issues draft contract open for amendments.

3. Buyer signs and returns FCO with acceptance letter

2. Seller issues FCO.

1. Buyer confirms soft offer and issues ICPO, BCL with right for soft probe.

Buyer signs NCND and MFPA.

$5 Buy side (open)

metric ton: $5 Sell side (closed) /

barrel: $1 to Sell side (closed)  $1 to Buy side (open). All other products per

COMMISSIONS ARE INCLUDED IN THE BELOW PRICING: JP 54 & REBCO per

pricing and procedures which the refinery can change.

be involved. This Soft Offer is only to be used as a guideline and basis for

intermediaries, communication will be direct with the Seller and no others will

Once the NCND/MFPA is completed in protecting the brokers and

All documentation i.e : ICPO, BCLs etc. will be made out direct to the refinery.

Over                 1 Million MT   338  Usd

Under               1 Million MT   348  Usd   

Bitumen