Contract
DATE : 3 November 2008
TO: PRINCIPLE BUYER
SOFT OFFER
We, on behalf of the Supplier with full corporate and legal responsibility are ready, willing and able to supply and sell the product, Crude Palm Oil to your company, which is subjected to mutually agreed commercial covenants and acceptance of final contract. As per following terms & conditions based on PORAM specifications
Commodity: Crude Palm Oil
Specification
~FFA (as of Palmatic) = 5% Max
~Moisture & Impurities= 0.10-0.50% Max
~Iodine Value= 50-55
~Melting Point= 33-39 deg Max
~DOBI= 2.31deg Min
Quantity: USD 505 per metric tonne without export tax
Duration of Contract: 12 months contract
Packing: Bulk in Tank
Port of Delivery: Port Klang/Sandakan/Pasir Gudang (to be confirmed)
Terms of Delivery: FOB
Expected Commencement of Delivery: After verification of payment instrument.
Origin: Malaysia
Inspection:
Quality, Quantity and Weight by SGS certified agency at Seller’s cost at loading
Export Duties: Included in the Price
Value Added Tax(VAT): Included in the Price
Proof of Funds (PDF): Transmit from Buyer’s Bank to Seller’s Bank
Proof of Product: Transmit from Seller’s Bank to Buyer’s Bank upon receipt of PDF
Terms of Payment: Assignable, Transferable Revolving Documentary Letter of Credit
Performance Bond: 2 % of Confirmed Order.
Validity: 3 days from the date stated above
Force Majeure
In the event of war, hostilities, blockade or Act of God preventing a shipment during the contract period, the contract or any unfulfilled portion thereof shall be cancelled. Should shipment be delayed by fire, strike, lockout, riot, revolution, prohibition to export, or any executive or legislative act done by or on behalf of the government of the territory act where the port or ports of shipment or destination named in the contract is or are situated, or by any cause comprehended in the term “ Force Majeure” other than the reasons given in the preceding paragraph hereof, then the time of shipment shall be extended by 30 calendar days after the termination of the occasion preventing shipment, but not more than 2 months. Should shipment not be possible within these 2 months, the contract shall be cancelled.
** Buyer is allowed to be present at the loading port at the time of inspection at his own cost**
OFFER VALID FOR THREE DAYS ONLY If this offer has received your full attention and acceptance, then kindly proceed with the issuance of the Letter of Intent (LOI) with soft probe authorization and Bank Comfort Letter (BCL) to enable us to process your request. Our company will not process your order if the above documents are not received for verification by Principle Seller.
Thank you
Yours sincerely,
………………………………………………..
Chief Executive Officer
TO: PRINCIPLE BUYER
SOFT OFFER
We, on behalf of the Supplier with full corporate and legal responsibility are ready, willing and able to supply and sell the product, Crude Palm Oil to your company, which is subjected to mutually agreed commercial covenants and acceptance of final contract. As per following terms & conditions based on PORAM specifications
Commodity: Crude Palm Oil
Specification
~FFA (as of Palmatic) = 5% Max
~Moisture & Impurities= 0.10-0.50% Max
~Iodine Value= 50-55
~Melting Point= 33-39 deg Max
~DOBI= 2.31deg Min
Quantity: USD 505 per metric tonne without export tax
Duration of Contract: 12 months contract
Packing: Bulk in Tank
Port of Delivery: Port Klang/Sandakan/Pasir Gudang (to be confirmed)
Terms of Delivery: FOB
Expected Commencement of Delivery: After verification of payment instrument.
Origin: Malaysia
Inspection:
Quality, Quantity and Weight by SGS certified agency at Seller’s cost at loading
Export Duties: Included in the Price
Value Added Tax(VAT): Included in the Price
Proof of Funds (PDF): Transmit from Buyer’s Bank to Seller’s Bank
Proof of Product: Transmit from Seller’s Bank to Buyer’s Bank upon receipt of PDF
Terms of Payment: Assignable, Transferable Revolving Documentary Letter of Credit
Performance Bond: 2 % of Confirmed Order.
Validity: 3 days from the date stated above
Force Majeure
In the event of war, hostilities, blockade or Act of God preventing a shipment during the contract period, the contract or any unfulfilled portion thereof shall be cancelled. Should shipment be delayed by fire, strike, lockout, riot, revolution, prohibition to export, or any executive or legislative act done by or on behalf of the government of the territory act where the port or ports of shipment or destination named in the contract is or are situated, or by any cause comprehended in the term “ Force Majeure” other than the reasons given in the preceding paragraph hereof, then the time of shipment shall be extended by 30 calendar days after the termination of the occasion preventing shipment, but not more than 2 months. Should shipment not be possible within these 2 months, the contract shall be cancelled.
** Buyer is allowed to be present at the loading port at the time of inspection at his own cost**
OFFER VALID FOR THREE DAYS ONLY If this offer has received your full attention and acceptance, then kindly proceed with the issuance of the Letter of Intent (LOI) with soft probe authorization and Bank Comfort Letter (BCL) to enable us to process your request. Our company will not process your order if the above documents are not received for verification by Principle Seller.
Thank you
Yours sincerely,
………………………………………………..
Chief Executive Officer