We with full responsibility confirm that our Buyer is ready, willing and able to purchase
Jet Fuel JP54 on the following terms and conditions:
| Commodity |
Jet Fuel JP54 Colonial Grade |
| Origin |
Russian or CIS contries non-embargoed or Seller's option |
|
Quantity |
5-10 Million BBL per month
|
|
Contract |
36 month contract with rollovers and extensions
|
|
Price |
Price basis CIF Mediterranian Platt minus discount
|
|
Discount |
Most favourable
|
|
Performance Bond |
Two percent (2%) |
|
Commisions |
Agreed (50% Buyer's side, 50% Seller's side) |
|
Payment |
Irrevocable, Confirmed, Revolving Documentary Letter of Credit,
issued by prime World Bank.
|
|
Inspection |
SGS or similar |
|
Procedure |
International |