SOFT CORPORATE OFFER (SCO)
Gngroup Supplies Sdn Bhd in collaboration with our refinery, manufactory, factory, supplier or seller, with full legal responsibility, hereby issue this Soft corporate Offer with given terms and conditions as stated in this offer to confirm our readiness to execute a sales and purchase agreement with the ability to supply the following commodity according to the terms and conditions stipulated in this soft corporate offer.
Commodity: Mazut M100 Gost 10585-75 or 99
Loading Port: Rotterdam or Seller Option
Incoterms: CIF ASWP or FOB
Packing: Bulk Tanker / Seller’s Option
Minimum Order: 25,000 MT
Maximum Order: 200,000 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
Commodity: Mazut M100 Gost 10585-75 or 99
Loading Port: Rotterdam or Seller Option
Incoterms: CIF ASWP or FOB
Packing: Bulk Tanker / Seller’s Option
Minimum Order: 25,000 MT
Maximum Order: 200,000 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
GNGROUP PROVIDES TO BUYERS:
a) Full / Soft Corporate Offer (FCO / SCO)
b) Template ICPO Format
c) Template CIS
STEP 2
BUYER PROVIDES TO GNGROUP:
a) Official ICPO, Address ICPO to: GNGROUP SUPPLIES SDN BHD, Attn to: MR. SYAPOL MA’AROF MOHD.
b) Copy of Buyer Scan Passport
c) Buyer’s Company Profile in PDF file
d) Latest BCL to GNGROUP SUPPLIES SDN BHD
STEP 3
GNGROUP PROVIDES TO BUYERS:
Draft SPA (Sales Purchases Agreement) For review, completion, or any correction.
STEP 4
The buyer sends the Draft SPA (Sales Purchases Agreement) back to Gngroup via Email
STEP 5
Gngroup provides to buyer “Proforma Invoice” and Buyer sign Proforma Invoice and email back to Gngroup.
STEP 6
BANK TO BANK PROCESS:
Buyer bank within 10 days issues SWIFT MT760 via SBLC to Seller Fiduciary Company nominated bank and sends SWIFT copy to seller. Final Payment, buyer release payment to seller bank after inspection at port / the coordinate point ship to ship, 100% payable for each shipment within 2 banking days upon the cargo passed SGS and receipt of all the relevant payment documents.
STEP 7
Seller issue Full POP and Shipping Documents, 2% PB 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 test report to buyer/Bank.
STEP 8
The seller loads and inspects the product on board the vessel, delivering it to an agreed safe port. Upon arrival at the delivery port, the buyer conducts their own inspection to verify the quantity and quality of the product.
Subsequently, at the destination port, an inspection of the goods is carried out, and the buyer releases payment to the seller's bank within 2 banking days after inspection. This payment is 100% payable for each shipment once the cargo passes SGS and upon receipt of all necessary payment documents.
STEP 9
Product is transferred to buyer’s vessel / tank with All Shipping Documentation and Title is transferred to buyer.
STEP 10
Seller pays commissions to both the Seller Side and Buyer Side as follows:
a) 50% goes to the Seller Side (50% allocated to the Seller Side)
b) 50% goes to the Buyer Side (50% shared between the Buyer Mandate and Intermediaries)
The commission agreement will be incorporated into an Irrevocable Master Fee Protection Agreement (IMFPA), which must be signed by both the buyer and seller parties before issuing the Sales and Purchase Agreement (SPA).
STEP 11
The buyer's bank issues an SBLC or BG for a 12-month valid period for the upcoming shipment. GNGROUP provides a 2% PB to the buyer's bank to cover one month's shipment, held throughout the contract and debited during the final shipment. The seller delivers the product to the buyer's port according to the contract schedule, providing the DTA/ATV/Fresh SGS, maintaining this process until the completion of the 12-month shipment.
[BANKING PROCEDURES FOR FOB BASIS]
GUARANTEE PAYMENT IS REQUIRED FROM BUYERS
MODE OF PAYMENTS: SWIFT MT760 VIA SBLC FOR FOB
STEP 1
Gngroup provides to buyers:
a) Full / Soft Corporate Offer (FCO / SCO)
b) Template ICPO Format
c) Template BCL Format
d) CIS Format
STEP 2
Buyer provides to Gngroup:
a) Official ICPO, Address ICPO to: Gngroup Supplies Sdn Bhd, Attn to: MR. SYAPOL MA’AROF MOHD.
b) Copy of Buyer Scan Passport
c) Buyer’s Company Profile in PDF file
d) Latest BCL to Gngroup Supplies Sdn Bhd
STEP 3
GNGROUP Issues Draft SPA (Sales Purchases Agreement) and Proforma Invoice for Buyer to sign and return to Seller.
STEP 4
BANK TO BANK PROCESS:
Buyer bank within 10 days issue SWIFT MT760 VIA SBLC to Seller Fiduciary Company nominated bank and sends SWIFT copy to seller.
STEP 5
Upon confirming the SBLC through a bank-to-bank procedure within 7 to 14 days, the seller will bear the cost of renting tanks, fill them with fuel, and subsequently furnish the buyer with the required documentation.
a. Unconditional DTA
b. Authorization to Verify (ATV)
c. TSR
d. Fresh SGS (less than 48 hours old)
e. Commitment to Supply
f. Certificate of Origin
g. Q & Q done by indigenous lab at port of Origin.
h. Authorization to Sell (ATS)
i. License Certificate
j. Statement of availability of product
STEP 6
The buyer conducts a Dip Test on the fuel stored in the secured tanks using SGS equivalent methods. Payment of 100% is made by the buyer once the Dip Test is successful and approved by SGS.
STEP 7
Seller issues Title Documents to buyer and seller allows buyer to take over the hired tanks storage.
STEP 8
Seller pays Commission to Seller Side and Buyer side commissions:
A. 50%: Seller Side: (50% Closed to Seller Side)
B. 50%: Buyer side: (50% Open to Buyer Mandate & Intermediaries)
C. The agreed commission will be included within an Irrevocable
Master Fee, Protection Agreement (IMFPA) to be signed between the buyer and the seller, group of each party prior to issuance of the Sales and Purchase Agreement (SPA).
STEP 9
For monthly Buyer’s bank will issue New SBLC or BG expansion for 12 Months for subsequent shipping and GNGROUP opens 2% PB to buyer bank for 12-month contract sales of products. Sellers move the fuel to Terminal Port (Seller Port) and inject fuel into the hired tank and issue DTA/ATV/ Fresh SGS/TSR with (GPS), PIR/Q88/BL to buyer and buyer Dip Test and pay via MT103/T/T this will continue till the 12 months delivery is completed.
GUARANTEE PAYMENT IS REQUIRED FROM BUYERS:
MODE OF PAYMENMTS: SWIFT MT760 VIA SBLC FOR CIF
STEP 1
GNGROUP PROVIDES TO BUYERS:
a) Full / Soft Corporate Offer (FCO / SCO)
b) Template ICPO Format
c) Template CIS
STEP 2
BUYER PROVIDES TO GNGROUP:
a) Official ICPO, Address ICPO to: GNGROUP SUPPLIES SDN BHD, Attn to: MR. SYAPOL MA’AROF MOHD.
b) Copy of Buyer Scan Passport
c) Buyer’s Company Profile in PDF file
d) Latest BCL to GNGROUP SUPPLIES SDN BHD
STEP 3
GNGROUP PROVIDES TO BUYERS:
Draft SPA (Sales Purchases Agreement) For review, completion, or any correction.
STEP 4
The buyer sends the Draft SPA (Sales Purchases Agreement) back to Gngroup via Email
STEP 5
Gngroup provides to buyer “Proforma Invoice” and Buyer sign Proforma Invoice and email back to Gngroup.
STEP 6
BANK TO BANK PROCESS:
Buyer bank within 10 days issues SWIFT MT760 via SBLC to Seller Fiduciary Company nominated bank and sends SWIFT copy to seller. Final Payment, buyer release payment to seller bank after inspection at port / the coordinate point ship to ship, 100% payable for each shipment within 2 banking days upon the cargo passed SGS and receipt of all the relevant payment documents.
STEP 7
Seller issue Full POP and Shipping Documents, 2% PB 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 test report to buyer/Bank.
STEP 8
The seller loads and inspects the product on board the vessel, delivering it to an agreed safe port. Upon arrival at the delivery port, the buyer conducts their own inspection to verify the quantity and quality of the product.
Subsequently, at the destination port, an inspection of the goods is carried out, and the buyer releases payment to the seller's bank within 2 banking days after inspection. This payment is 100% payable for each shipment once the cargo passes SGS and upon receipt of all necessary payment documents.
STEP 9
Product is transferred to buyer’s vessel / tank with All Shipping Documentation and Title is transferred to buyer.
STEP 10
Seller pays commissions to both the Seller Side and Buyer Side as follows:
a) 50% goes to the Seller Side (50% allocated to the Seller Side)
b) 50% goes to the Buyer Side (50% shared between the Buyer Mandate and Intermediaries)
The commission agreement will be incorporated into an Irrevocable Master Fee Protection Agreement (IMFPA), which must be signed by both the buyer and seller parties before issuing the Sales and Purchase Agreement (SPA).
STEP 11
The buyer's bank issues an SBLC or BG for a 12-month valid period for the upcoming shipment. GNGROUP provides a 2% PB to the buyer's bank to cover one month's shipment, held throughout the contract and debited during the final shipment. The seller delivers the product to the buyer's port according to the contract schedule, providing the DTA/ATV/Fresh SGS, maintaining this process until the completion of the 12-month shipment.
[BANKING PROCEDURES FOR FOB BASIS]
GUARANTEE PAYMENT IS REQUIRED FROM BUYERS
MODE OF PAYMENTS: SWIFT MT760 VIA SBLC FOR FOB
STEP 1
Gngroup provides to buyers:
a) Full / Soft Corporate Offer (FCO / SCO)
b) Template ICPO Format
c) Template BCL Format
d) CIS Format
STEP 2
Buyer provides to Gngroup:
a) Official ICPO, Address ICPO to: Gngroup Supplies Sdn Bhd, Attn to: MR. SYAPOL MA’AROF MOHD.
b) Copy of Buyer Scan Passport
c) Buyer’s Company Profile in PDF file
d) Latest BCL to Gngroup Supplies Sdn Bhd
STEP 3
GNGROUP Issues Draft SPA (Sales Purchases Agreement) and Proforma Invoice for Buyer to sign and return to Seller.
STEP 4
BANK TO BANK PROCESS:
Buyer bank within 10 days issue SWIFT MT760 VIA SBLC to Seller Fiduciary Company nominated bank and sends SWIFT copy to seller.
STEP 5
Upon confirming the SBLC through a bank-to-bank procedure within 7 to 14 days, the seller will bear the cost of renting tanks, fill them with fuel, and subsequently furnish the buyer with the required documentation.
a. Unconditional DTA
b. Authorization to Verify (ATV)
c. TSR
d. Fresh SGS (less than 48 hours old)
e. Commitment to Supply
f. Certificate of Origin
g. Q & Q done by indigenous lab at port of Origin.
h. Authorization to Sell (ATS)
i. License Certificate
j. Statement of availability of product
STEP 6
The buyer conducts a Dip Test on the fuel stored in the secured tanks using SGS equivalent methods. Payment of 100% is made by the buyer once the Dip Test is successful and approved by SGS.
STEP 7
Seller issues Title Documents to buyer and seller allows buyer to take over the hired tanks storage.
STEP 8
Seller pays Commission to Seller Side and Buyer side commissions:
A. 50%: Seller Side: (50% Closed to Seller Side)
B. 50%: Buyer side: (50% Open to Buyer Mandate & Intermediaries)
C. The agreed commission will be included within an Irrevocable
Master Fee, Protection Agreement (IMFPA) to be signed between the buyer and the seller, group of each party prior to issuance of the Sales and Purchase Agreement (SPA).
STEP 9
For monthly Buyer’s bank will issue New SBLC or BG expansion for 12 Months for subsequent shipping and GNGROUP opens 2% PB to buyer bank for 12-month contract sales of products. Sellers move the fuel to Terminal Port (Seller Port) and inject fuel into the hired tank and issue DTA/ATV/ Fresh SGS/TSR with (GPS), PIR/Q88/BL to buyer and buyer Dip Test and pay via MT103/T/T this will continue till the 12 months delivery is completed.
ABOUT MAZUT M100
Fuel oil M-100 is the residual substance after simple distillation of oil, containing mainly hydrocarbons and oil resins of large molecular weight.
All metals that were originally part of natural oil remain in the fuel oil, from which all fractions with lower condensation temperatures are isolated. There are also various kinds of heavy hydrogen compounds. Such fuel oil is usually labeled as M 100.
Fuel oil M-100 belongs to the furnace types of fuel oil and, as is obvious from the name, is to be used as a liquid fuel for combustion in furnaces of boiler houses, primarily thermal stations that provide the population of cities with heat and hot water supply.
However, various modifications of fuel oil M100, obtained by mixing the original fuel oil with diesel fuel, can be successfully used in shipping, where fuel oil serves as fuel for steam boilers.
WHAT ARE THE ADVANTAGES OF MAZUT M100 FUEL?
he advantages of using M 100 fuel oil as liquid fuel for boilers compared to using solid fuels such as coal or peat include the following:
Very low ash content - no more than 0.15%. The ability to control the sulfur content, and with it the specific heat of combustion, which is directly proportional to the sulfur content. At the same time, the level of sulfur content ranges from 0.5% to 3.5%. Relatively high resource reserves: about 50% of the large amount of natural oil produced today after processing becomes black oil waste.
Fuel properties of M 100 oil. One of the main physical properties of fuel oil is its viscosity, which is measured with a special device with a viscometer, showing results in conventional viscosity units. At 80°C, the relative viscosity of M 100 fuel oil is 15.5, which exceeds the viscosity value of other brands of fuel oil. The high viscosity of M100 fuel oil determines several of its characteristics:
Mazut M100 is the most difficult to pour among fuel oils, and therefore requires special transport conditions.
The content of mechanical impurities in M-100 fuel oil can be 25 times higher than fuel oil "diluted" with diesel fuel and reaches 2.5%.
The pour point (i.e., the temperature at which the fuel oil becomes jelly-like) starts from +25°C.
Flash point - temperature limit until storage of fuel oil M 100 does not explode - 110 ° C.
Fuel oil M-100 belongs to the furnace types of fuel oil and, as is obvious from the name, is to be used as a liquid fuel for combustion in furnaces of boiler houses, primarily thermal stations that provide the population of cities with heat and hot water supply.
However, various modifications of fuel oil M100, obtained by mixing the original fuel oil with diesel fuel, can be successfully used in shipping, where fuel oil serves as fuel for steam boilers.
WHAT ARE THE ADVANTAGES OF MAZUT M100 FUEL?
he advantages of using M 100 fuel oil as liquid fuel for boilers compared to using solid fuels such as coal or peat include the following:
Very low ash content - no more than 0.15%. The ability to control the sulfur content, and with it the specific heat of combustion, which is directly proportional to the sulfur content. At the same time, the level of sulfur content ranges from 0.5% to 3.5%. Relatively high resource reserves: about 50% of the large amount of natural oil produced today after processing becomes black oil waste.
Fuel properties of M 100 oil. One of the main physical properties of fuel oil is its viscosity, which is measured with a special device with a viscometer, showing results in conventional viscosity units. At 80°C, the relative viscosity of M 100 fuel oil is 15.5, which exceeds the viscosity value of other brands of fuel oil. The high viscosity of M100 fuel oil determines several of its characteristics:
Mazut M100 is the most difficult to pour among fuel oils, and therefore requires special transport conditions.
The content of mechanical impurities in M-100 fuel oil can be 25 times higher than fuel oil "diluted" with diesel fuel and reaches 2.5%.
The pour point (i.e., the temperature at which the fuel oil becomes jelly-like) starts from +25°C.
Flash point - temperature limit until storage of fuel oil M 100 does not explode - 110 ° C.
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‼️WhatsApp:
http://www.wasap.my/601466675779/OilPetroleum
.
E-mel:
gngroup.sb@gmail.com
admin@gngroupsupplies.com
sales.gngroupsb@gmail.com
.
Website:
https://www.gngroupsupplies.com/
https://gngroupsupplies.blogspot.com/