Irrewocable Letter of Intent
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