Energy Agents

Location:
S, U R
Status:
New
Sample Availibility:
yes
Payment Terms:
Cash, Bank Transfer, Letter of Credit, T/T, L/C
Categories:

Product Description

All parties sign and agree to this MOU.Buyer issues ICPO and either a Bank Undertaking, Bank Comfort Letter, Letter of Readiness or produces a SWIFT pre-advice to be activated both from a Top 100 Prime Bank with regard to the ability of the buyer to fund this transaction. This shall occur within 3 business days of the sending of the ICPO.Upon acceptance of bank information and the ICPO, Buyers BGDLC must be sent to Sellers Bank.Seller's bank shall notify Buyer's Bank of the signing of the Agreement and request the Full-Activation of the BGLC by SWIFT message as agreed by both parties (BGDLC and Sellers 2% PB becomes operative). Seller shall purchase crude to be titled in the name of the Buyer. All Documents related to purchase shall be sent to Buyers Bank by Sellers Bank. Additionally, Seller's Bank shall notify Buyer's Bank of the transference of the BGDLC to their institution.Seller shall create a contract between Seller and Buyer.Buyer shall sign Contract and lodge this contract in his respective bank.Seller shall sign Contract and lodge this contract in his respective bank.Within three days of the date of contract signing the Seller shall deliver all contracts for purchase of product materials, transportation, testing and other necessary arrangements to Seller's Bank.Seller's Bank shall pay the necessary costs directly out of the BGDLC issued and each payment notification shall be sent to Seller.Refinery plant shall issue Warranty of Producer. The first delivery shall occur within 35 days from date of payment receipt.Upon delivery and loading of product on ships of Buyer at FOB location the shipping documents as shown above shall be sent directly to the Seller's Bank and the assignment of rights previously signed and agreed to by Seller and Buyer. At this point Buyer's Bank shall receive all copies and documents and shall revolve the BGDLC for the next month's delivery and transfer this to the Seller's bank.

Responsibilities of Buyer:

The Buyer warrants that it is capable of all its responsibilities as included below and herein including:Origination of ICPO'S and Bank Comfort Letter, Bank Undertaking Letter of Readiness, Soft Probe of Buyer's accounts or SWIFT pre-advice for all material to be purchased herein.The financial capability to execute this agreementThe ability to secure and transmit a Bank Guaranteed Letter of Credit from a Top 100 Prime World Bank for the first month's delivery and a Standby Letter of Credit from the same bank for the last two month's delivery.It has all corporate authority to make this Agreement.

Responsibilities of Supplier:The Supplier warrants that it is capable of all its responsibilities as included below and herein including:Origination of all Contracts for the sale of CRUDE as contemplated herein within 3 business days from the date of approval of the Buyer by Suppliers Bank..
It has all corporate authority to make this Agreement.

Non-Circumvention and Non-Disclosure:All parties herein agree to the Non-Circumvention and Non-Disclosure Agreement (NCNDA) included as Attachment C hereto. This NCNDA shall be incorporated herein and made a part of this agreement. If the terminology or agreements of the NCNDA shall conflict with this Agreement then this Agreement shall govern.

Best of Luck.

IMPORTANC NOTE: PLEASE REVERT TRADE SUBJECT ALWAYS AS IT CONTAINS REFERANCE.

STRIGHT RUN COMMODITY TRADE INTL' , IF DEEMS FIT WE DELIVER. " COMMITMENT & PERSEVERANCE "

SINCERELY,
MR. INDRA A SIREGAR
MOBILE : 062 31 70060435 / 081938358182

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Contact Information

Company:
 RASHWA GETRA NIRWANA
Phone Number:
  62-081-270715950
Fax Number:
 62-031-3544093