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SOFT CORPORATE OFFER (SCO) DIESEL D2
Commodity: Diesel-Gas Oil L0.2-62 Gost 305-82 (Diesel D2)
Loading Port: Rotterdam or Seller Option
Incoterms: CIF ASWP or FOB
Packing: Bulk Tanker / Seller’s Option
Minimum Order: 30,000 MT
Maximum Order: 500,000 MT
Commission: USD$ 10.00 Per MT
Shipment Guaranteed: 2% PB (Performance Bond)
Cargo Insurance: 110% by seller
INSPECTION:
For CIF
a) Inspection at loading port (seller port) by SGS for quality, quantity, fully at seller’s expense.
b) Final inspection at port of discharge (buyer port) by SGS for quality, quantity, fully at buyer’s expense.
For FOB
The buyer performs a dip test on the product by SGS or an agent and payment is authorized by the buyer for the product and seller will transfer the ownership of the product to the buyer and along with title documents to the buyer.
BUYER’S COMMITMENT:
a) CIS (Customer Sheet Information)
b) ICPO + Scan Passport + Company Profile + BCL or POF
{BANKING PROCEDURES FOR CIF AWSP}
GUARANTEE PAYMENT IS REQUIRED FROM BUYERS:
MODE OF PAYMENMTS: SWIFT MT760 VIA SBLC FOR CIF
Step 1 – Seller to Buyer
GNGROUP SUPPLIES SDN BHD provides to the Buyer:
a) Full/Soft Corporate Offer (FCO/SCO)
b) ICPO Template Format
c) BCL/CIS Template Format
Step 2 – Buyer to Seller
a) Full/Soft Corporate Offer (FCO/SCO)
b) ICPO Template Format
c) BCL/CIS Template Format
Step 2 – Buyer to Seller
Buyer provides to GNGROUP SUPPLIES SDN BHD:
a) Official ICPO, addressed to:
To: GNGROUP SUPPLIES SDN BHD
Attn: TBA IN OFFICIAL SCO/FCO
b) Copy of Buyer’s Passport (scanned)
c) Buyer’s Company Profile (PDF)
d) CIS Applicant SBLC
Step 3 – Seller to Buyer
a) Official ICPO, addressed to:
To: GNGROUP SUPPLIES SDN BHD
Attn: TBA IN OFFICIAL SCO/FCO
b) Copy of Buyer’s Passport (scanned)
c) Buyer’s Company Profile (PDF)
d) CIS Applicant SBLC
Step 3 – Seller to Buyer
GNGROUP provides to the Buyer:
a) Draft Sales and Purchase Agreement (SPA) for review, completion, or correction.
b) CIS Fiduciary Receiver SBLC / Beneficiary details.
Step 4 – Buyer to Seller
a) Draft Sales and Purchase Agreement (SPA) for review, completion, or correction.
b) CIS Fiduciary Receiver SBLC / Beneficiary details.
Step 4 – Buyer to Seller
Buyer returns the reviewed Draft SPA to GNGROUP SUPPLIES SDN BHD via email.
Step 5 – Seller to Buyer
Step 5 – Seller to Buyer
GNGROUP SUPPLIES SDN BHD issues a Proforma Invoice.
Step 6 – Bank-to-Bank Process
1. Buyer applies for Draft SWIFT MT760 SBLC from the issuing bank.
2. Issuing bank issues Draft SWIFT MT760 SBLC → Buyer forwards to GNGROUP.
3. GNGROUP forwards Draft to Fiduciary/Beneficiary → then to Receiving Bank.
4. Receiving Bank reviews Draft (may request correction/amendment or approve).
5. If approved → GNGROUP instructs Buyer to proceed with Final SWIFT MT760 SBLC.
6. Buyer sends copy of Final SWIFT MT760 SBLC to GNGROUP (review/approval).
7. GNGROUP forwards Final copy to Fiduciary/Beneficiary for follow-up with Receiving Bank.
8. The Receiving Bank conducts compliance and internal approval procedures (including AML/KYC checks). Once cleared, the Receiving Bank will request the Issuing Bank to send the Hard Copy SBLC via secure courier.
9. Once Receiving Bank confirms receipt of Hard Copy → Final SWIFT MT760 SBLC is activated in SWIFT system.
💡 Note:
Many buyers assume that once an SBLC is issued, POP and PB must be released immediately. In reality, the SBLC must first be: Verified by the receiving bank,
Cleared under Central Bank regulations (AML/KYC),
Activated in the SWIFT system only after the Hard Copy is received.
Only then can the seller proceed with PB/POP issuance.
Step 7 – Seller to Buyer
The Seller issues Full POP and Shipping Documents, 2% PB (PERFORMANCE BOND) Including:
a) Copy of Commercial Invoice.
b) Copy of Approval to License certificate.
c) Copy of Statement of Availability of the Product.
d) Copy of the Refinery Commitment to Produce the Product.
e) Copy of the Transnet Contract to Transport the Product to the Port.
f) Copy of the Port Storage Agreement.
g) Copy of the Charter Party Agreement(S) To Transport the Product to Discharge Port.
h) Dip test Authorization, Tank receipt and SGS report.
i) Copy of Vessel Questionnaire 88
j) Copy of Bill of Lading.
k) Certificate of Origin.
l) Allocation Transaction Passport Code Certificate [ATPCC]
m) The customs formalities and the test report to the Buyer/Bank.
💡 Note:
POP is only issued once the SBLC has been fully activated in the SWIFT system. This ensures that the seller’s risk is covered.
Step 8 – Shipment
Seller loads the vessel and inspects cargo onboard.
Delivery at agreed safe port → Buyer conducts inspection.
Upon SGS clearance & receipt of all payment documents → Buyer pays 100% within 2 banking days.
💡 Note:
Payment is not triggered by POP alone, but by successful SGS inspection and full compliance of shipping documents.
Step 9 – Transfer of Title
Delivery at agreed safe port → Buyer conducts inspection.
Upon SGS clearance & receipt of all payment documents → Buyer pays 100% within 2 banking days.
💡 Note:
Payment is not triggered by POP alone, but by successful SGS inspection and full compliance of shipping documents.
Step 9 – Transfer of Title
Product and all shipping documents transferred to Buyer. Title passes to Buyer.
Step 10 – Commission Payment
Step 10 – Commission Payment
Seller pays commission as follows:
A) 50% Seller’s Side (Closed)
B) 50% Buyer’s Side (Open – Buyer Mandate & Intermediaries)
Commission terms covered by an IMFPA signed prior to SPA issuance.
💡 Note:
IMFPA is necessary to protect all intermediaries and avoid disputes once commission is due.
Step 11 – Subsequent Shipments
A) 50% Seller’s Side (Closed)
B) 50% Buyer’s Side (Open – Buyer Mandate & Intermediaries)
Commission terms covered by an IMFPA signed prior to SPA issuance.
💡 Note:
IMFPA is necessary to protect all intermediaries and avoid disputes once commission is due.
Step 11 – Subsequent Shipments
Buyer’s Bank issues SBLC/BG valid for 1 Year 1 days.
GNGROUP provides 2% PB covering one month’s shipment (valid until final shipment).
Seller continues deliveries as per contract schedule with DTA/ATV/Fresh SGS until 12-month cycle completes.
💡 Note:
It should be clarified whether the SBLC is Revolving or Extendable. This avoids misinterpretation between Buyer and Seller.
{BANKING PROCEDURES FOR FOB ROTTERDAM & OTHER LOCATION}
GUARANTEE PAYMENT IS REQUIRED FROM BUYERS:
MODE OF PAYMENMTS: SWIFT MT760 VIA SBLC FOR FOB BANKING PROCEDUES
STEP 1 — Seller Provides Initial Documents
GNGROUP SUPPLIES SDN BHD issues the following to the Buyer:
GNGROUP provides 2% PB covering one month’s shipment (valid until final shipment).
Seller continues deliveries as per contract schedule with DTA/ATV/Fresh SGS until 12-month cycle completes.
💡 Note:
It should be clarified whether the SBLC is Revolving or Extendable. This avoids misinterpretation between Buyer and Seller.
{BANKING PROCEDURES FOR FOB ROTTERDAM & OTHER LOCATION}
GUARANTEE PAYMENT IS REQUIRED FROM BUYERS:
MODE OF PAYMENMTS: SWIFT MT760 VIA SBLC FOR FOB BANKING PROCEDUES
STEP 1 — Seller Provides Initial Documents
GNGROUP SUPPLIES SDN BHD issues the following to the Buyer:
a) Full / Soft Corporate Offer (FCO / SCO)
b) ICPO Template
c) BCL / CIS Template
STEP 2 — Buyer Submits Compliance Documents
Buyer provides to GNGROUP SUPPLIES SDN BHD:
b) ICPO Template
c) BCL / CIS Template
STEP 2 — Buyer Submits Compliance Documents
Buyer provides to GNGROUP SUPPLIES SDN BHD:
a) Official ICPO
i) Addressed to: GNGROUP SUPPLIES SDN BHD
ii) Attention: TBA IN OFFICIAL SCO/FCO
i) Addressed to: GNGROUP SUPPLIES SDN BHD
ii) Attention: TBA IN OFFICIAL SCO/FCO
b) Buyer's Passport Copy
c) Buyer Company Profile (PDF)
d) Latest BCL / CIS
STEP 3 — Seller Issues Contracts
GNGROUP SUPPLIES SDN BHD issues the following for Buyer’s review & signature:
c) Buyer Company Profile (PDF)
d) Latest BCL / CIS
STEP 3 — Seller Issues Contracts
GNGROUP SUPPLIES SDN BHD issues the following for Buyer’s review & signature:
a) Draft Sales & Purchase Agreement (SPA)
b) Proforma Invoice (PI)
Buyer signs and returns both documents.
STEP 4 — Bank-to-Bank
b) Proforma Invoice (PI)
Buyer signs and returns both documents.
STEP 4 — Bank-to-Bank
Process
1. Buyer applies for Draft SWIFT MT760 SBLC from the issuing bank.
2. Issuing bank issues Draft SWIFT MT760 SBLC → Buyer forwards to GNGROUP.
3. GNGROUP forwards Draft to Fiduciary/Beneficiary → then to Receiving Bank.
4. Receiving Bank reviews Draft (may request correction/amendment or approve).
5. If approved → GNGROUP instructs Buyer to proceed with Final SWIFT MT760 SBLC.
6. Buyer sends copy of Final SWIFT MT760 SBLC to GNGROUP (review/approval).
7. GNGROUP forwards Final copy to Fiduciary/Beneficiary for follow-up with Receiving Bank.
8. The Receiving Bank conducts compliance and internal approval procedures (including AML/KYC checks). Once cleared, the Receiving Bank will request the Issuing Bank to send the Hard Copy SBLC via secure courier.
9. Once Receiving Bank confirms receipt of Hard Copy → Final SWIFT MT760 SBLC is activated in SWIFT system.
💡 Note:
Many buyers assume that once an SBLC is issued, POP and PB must be released immediately. In reality, the SBLC must first be: Verified by the receiving bank, cleared under Central Bank regulations (AML/KYC), Activated in the SWIFT system only after the Hard Copy is received. Only then can the seller proceed with PB/POP issuance
STEP 5 — Seller Provides Full POP Documents
Upon SBLC confirmation within 7–14 days, Seller pays for tank lease, injects product, and provides the Buyer with the following documents:
2. Issuing bank issues Draft SWIFT MT760 SBLC → Buyer forwards to GNGROUP.
3. GNGROUP forwards Draft to Fiduciary/Beneficiary → then to Receiving Bank.
4. Receiving Bank reviews Draft (may request correction/amendment or approve).
5. If approved → GNGROUP instructs Buyer to proceed with Final SWIFT MT760 SBLC.
6. Buyer sends copy of Final SWIFT MT760 SBLC to GNGROUP (review/approval).
7. GNGROUP forwards Final copy to Fiduciary/Beneficiary for follow-up with Receiving Bank.
8. The Receiving Bank conducts compliance and internal approval procedures (including AML/KYC checks). Once cleared, the Receiving Bank will request the Issuing Bank to send the Hard Copy SBLC via secure courier.
9. Once Receiving Bank confirms receipt of Hard Copy → Final SWIFT MT760 SBLC is activated in SWIFT system.
💡 Note:
Many buyers assume that once an SBLC is issued, POP and PB must be released immediately. In reality, the SBLC must first be: Verified by the receiving bank, cleared under Central Bank regulations (AML/KYC), Activated in the SWIFT system only after the Hard Copy is received. Only then can the seller proceed with PB/POP issuance
STEP 5 — Seller Provides Full POP Documents
Upon SBLC confirmation within 7–14 days, Seller pays for tank lease, injects product, and provides the Buyer with the following documents:
a) Unconditional DTA
b) Authorization to Verify (ATV)
c) TSR
d) Fresh SGS (less than 48 hours)
e) Commitment to Supply
f) Certificate of Origin
g) Q&Q by Indigenous Lab at Port of Origin
h) Authorization to Sell (ATS)
i) License Certificate
j) Statement of Availability of Product
STEP 6 — Buyer Dip Test & Payment
Buyer conducts Dip Test (SGS or equivalent) at Seller’s secured tank. Upon successful results, Buyer pays 100% via MT103 / T/T.
STEP 7 — Title Transfer
Seller issues Title Documents and grants the Buyer full possession of the hired storage tanks.
STEP 8 — Commission Payment
Seller pays commissions as follows:
b) Authorization to Verify (ATV)
c) TSR
d) Fresh SGS (less than 48 hours)
e) Commitment to Supply
f) Certificate of Origin
g) Q&Q by Indigenous Lab at Port of Origin
h) Authorization to Sell (ATS)
i) License Certificate
j) Statement of Availability of Product
STEP 6 — Buyer Dip Test & Payment
Buyer conducts Dip Test (SGS or equivalent) at Seller’s secured tank. Upon successful results, Buyer pays 100% via MT103 / T/T.
STEP 7 — Title Transfer
Seller issues Title Documents and grants the Buyer full possession of the hired storage tanks.
STEP 8 — Commission Payment
Seller pays commissions as follows:
A. 50% Seller Side (Closed)
B. 50% Buyer Side (Open to Buyer Mandates & Intermediaries)
💡 Note:
All commissions structured under an IMFPA (Irrevocable Master Fee Protection Agreement) to be signed before SPA issuance.
STEP 9 — Monthly Deliveries (12 Months Contract)
For continuous monthly supply:
B. 50% Buyer Side (Open to Buyer Mandates & Intermediaries)
💡 Note:
All commissions structured under an IMFPA (Irrevocable Master Fee Protection Agreement) to be signed before SPA issuance.
STEP 9 — Monthly Deliveries (12 Months Contract)
For continuous monthly supply:
a. Buyer issues new SBLC/BG (roll & extend)
b. Seller issues 2% Performance Bond (PB) to Buyer’s Bank
c. Seller moves product to port, injects into tanks, and issues:
Buyer performs Dip Test and makes payment via MT103/T/T monthly until contract completion.
b. Seller issues 2% Performance Bond (PB) to Buyer’s Bank
c. Seller moves product to port, injects into tanks, and issues:
- DTA / ATV
- Fresh SGS
- TSR + GPS
- PIR / Q88 / BL
Buyer performs Dip Test and makes payment via MT103/T/T monthly until contract completion.
ABOUT DIESEL FUEL (DIESEL D2 GASOIL)
DIESEL FUEL (DIESEL D2 GASOIL) IS A VITAMIN/FOOD FOR ENGINES
Like gasoline, diesel fuel is made from petroleum. Standard diesel fuel (sometimes called diesel oil) comes in two grades: Diesel-1 (D1) and Diesel-2 (D2). Diesel or Diesel fuel in general is any fuel used in diesel engines. That’s why it’s also commonly called as AGO or Automotive Gas Oil. Diesel fuel is a type of fuel derived from the distillation of oil that is heavier than gasoline but lighter than engine oil and heavy oil.
D1 is similar to kerosene and is lighter than D2. While D2 is sold most of the time, D1 is sold during winter in very cold climates and not sold in hot weather countries. But D2 is easily available in most countries around the world. Despite rising awareness of environmental protection, D2 remains to be a key type of fuel for use in vehicles in many countries.
In particular, demand for D2 has risen significantly in Asia over the past years as a consequence of increasing number of cars. In view of the country sustained economic growth, D2 will continue to be undersupply in the China/India and market.
The process of its production consists of four stages:
1. Separation of oil by heating into various components (fractions), some of which are "diesel"
2. Further separation of diesel fractions
3. Purification of the resulting fuel from sulfur compounds
4. Addition of various additives to improve the properties of the fuel (this stage may not be available in the production process)
The third stage is extremely important from the point of view of the quality of diesel fuel. The fact is that the removal of sulfur compounds leads to a deterioration in the lubricating properties of the fuel. To solve this problem, specialized additives were invented.
At the same time, high levels of Sulphur contribute to corrosion as well as environmental pollution. In this regard, Europe has very serious requirements for this indicator.
On the other hand, diesel fuel can be broken down into low-viscosity and high-viscosity. The first type of fuel is refueled by high-speed engines, and the second by low-speed engines.
It is also worth noting that an important indicator appears here - the cetane number. It allows you to judge the rate of combustion of diesel fuel. The higher the cetane number, the faster and easier the fuel burns.
PRODUCTS IMAGE
Feel free to contact us for any further clarifications and assistance, we look forward to receiving your LOI/ICPO to begin cooperation.
.
‼️WhatsApp:
(Mr. Saif)
http://www.wasap.my/60105375779/OilPetroleum
.
(Ms. Nur)
http://www.wasap.my/601129291396/OilPetroleum
.
(Ms. Far)
http://www.wasap.my/601155025779/OilPetroleum.
.
‼️WhatsApp:
(Mr. Saif)
http://www.wasap.my/60105375779/OilPetroleum
.
(Ms. Nur)
http://www.wasap.my/601129291396/OilPetroleum
.
(Ms. Far)
http://www.wasap.my/601155025779/OilPetroleum.