Automotive gas oil (ago) d2

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Automotive gas oil (ago) d2

  1. 1. AUTOMOTIVE GAS OIL (AGO) D2Automotive Gas Oil(AGO)We markets a wide range of refined petroleum products including Automotive Gas Oil(AGO also known as Diesel), Premium Motor Spirit (PMS), Aviation Turbine Kerosene(ATK), Low Pour Fuel Oil (LPFO), Dual Purpose Kerosene (DPK) and Bitumen. Thusproviding the products in required quantities at a competitive price.Our product is purchased internationally and distributed C.I.F. worldwide to purchaserswho require vast quantities of refined petroleum products.
  2. 2. .TERMS/CONDITION:PRODUCT: Automotive Gas Oil (AGO)ORIGIN: Seller’s optionQUALITY: NNPC StandardQUANTITY: 50,000 M/T +/-PAYMENT INSTRUMENT:BG (To be forwarded to:xxxxxxxxxxxxxxxxxx)VALUE OF INSTRUMENT: 50,000 MTDELIVERY: Ship to ShipPROCEDURES 1. Buyer issues an ICPO, LOI, and BCL with right to soft probe. 2. Seller issues FCO for buyer review sign, seal and return FCO with a letter of acceptance. 3. Seller issues Draft Contract for buyer review and sign, seal and return 4. Seller signs, seals hard copies contract sends 3 copies to buyer. 5. Both parties lodge the signed contract to their respective banks. 6. Upon receipt of buyer’s POF, Seller shall issue POP BANK TO BANK 7. Buyer issues BANK to BANK pre advice or Irrevocable Non Operative DLC to seller’s bank and within 7 international banking days seller issues Performance Bond. 8. NCNDA-MFPA issued by end Seller to be signed by all intermediaries/brokers and End buyer then legalized and endorsed by the End Sellers’ bank.(to guarantee commissions to all brokers) 9. Delivery of product commences as per schedule in contract.KEY:ICPO – IRREVOCABLE CORPORATE PURCHASE ORDERLOI – LETTER OF INTENTBCL – BANK CAPABILITY LETTER / BANK COMFORT LETTERFCO – FULL CORPORATE OFFERPB – PERFORMANCE BONDIRDLC – IRREVOCABLE DOCUMENTARY LETTER OF CREDITPOF – PROOF OF FUNDSPOP – PROOF OF PRODUCT
  3. 3. NCNDA – NON CIRCUMVENTION NON DISCLOSURE AGREEMENTMFPA – MASTER FEE PROTECTION AGREEMENTThanks and good day. Awaiting for your quick response. Steve Olita,Managing DirectorTINSEL CARGO & OIL COMPANY COMMERCE HOUSE 3RD FLOOR, SUITE 311, MOI AVENUE, NAIROBI.P.O. BOX 79456-00200 NAIROBI, KENYA TELE FAX: +254-20-2229781, Cellphone: +254-722-761587, +254-734-939308Website: www.tinselcargo.com EMAIL: info@tinselcargo.com

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