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: Petroleum Coke (PETCOKE)
Loading Port: Rotterdam or Seller Option
Incoterms: CIF ASWP Only
Packing: Bulk Tanker / Seller’s Option
Minimum Order: 20,000 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.
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:
SWIFT MT760 VIA SBLC
STEP 1
Gngroup provides to buyers:
a) Full / Soft Corporate Offer (FCO / SCO)
b) Template ICPO Format
c) Template BCL 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 or POF 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
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 5
Seller issue Full POP and Shipping Documents, 2% PB Including:
A. Dip test Authorization and SGS report.
B. Certificate of Origin
C. Statement of Product Availability of Product.
D. Allocation Transaction Passport Code Certificate [ATPCC]
E. Q&Q done by indigenous lab.
F. Commitment to supply
G. Charter Party Agreement to Transport the Product to Discharge Port
H. Vessel Questionnaire 88
I. Bill of Lading.
J. The customs formalities and test report to buyer/bank.
STEP 6
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 7
Product is transferred to buyer’s vessel /tank with All Shipping Documentation and Title is transferred to buyer.
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 seller opens 2% PB to buyer bank for 12 months sales of products. The seller moves the product to buyer’s port according to the contract schedule and issue DTA/ATV/ Fresh SGS and continue till the 12 months delivery is completed.
ABOUT PETCOKE (PETROLEUM COKE)
WHAT IS PETCOKE?
Petcoke is a solid waste formed during the secondary processing of oil or oil products. It can be compared to fuel oil, but in a solid state. When burned, petroleum coke produces more heat and costs less than coal.
USE OF PETROLEUM COKE:
In metallurgy, especially in the production of steel and aluminum, petroleum coke is used as a source of energy. In addition, calcine serves as a basis for the production of brake linings and is also used in the aluminum industry as a starting material for the production of carbon electrodes. Calcined and graphitized petroleum coke and green coke are used for carburization in the steel industry. Green coke is also used in industry for heat production.
The general rule is that the higher the carbon content, the higher the quality of the petroleum coke. When dried and free of volatile fractions, such material is also referred to as "calcinate" or "calcined petroleum coke".
Petcoke is a solid waste formed during the secondary processing of oil or oil products. It can be compared to fuel oil, but in a solid state. When burned, petroleum coke produces more heat and costs less than coal.
USE OF PETROLEUM COKE:
In metallurgy, especially in the production of steel and aluminum, petroleum coke is used as a source of energy. In addition, calcine serves as a basis for the production of brake linings and is also used in the aluminum industry as a starting material for the production of carbon electrodes. Calcined and graphitized petroleum coke and green coke are used for carburization in the steel industry. Green coke is also used in industry for heat production.
The general rule is that the higher the carbon content, the higher the quality of the petroleum coke. When dried and free of volatile fractions, such material is also referred to as "calcinate" or "calcined petroleum coke".
Feel free to contact us for any further clarifications and assistance, we look forward to receiving your LOI/ICPO to begin cooperation.
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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/
.
‼️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/