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    Fco Cocm Nhi 23102023 480MT

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    psv2g5zbgr
    This document is a full corporate offer from Netoil Hengxing (HK) International Investment Group Co., Limited to COCM Oversea Trading DMCC for 400,000 metric tons of low sulfur diesel fuel per year. The offer specifies product details including origin from Qatar, price of $450 per metric ton, payment terms involving letters of credit, and transaction procedures for shipping and payment. The offer is valid for 3 days from the date of issue for acceptance by the buyer.

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    © All Rights Reserved
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    Fco Cocm Nhi 23102023 480MT

    Uploaded by

    psv2g5zbgr
    406 views6 pages
    This document is a full corporate offer from Netoil Hengxing (HK) International Investment Group Co., Limited to COCM Oversea Trading DMCC for 400,000 metric tons of low sulfur diesel fuel per year. The offer specifies product details including origin from Qatar, price of $450 per metric ton, payment terms involving letters of credit, and transaction procedures for shipping and payment. The offer is valid for 3 days from the date of issue for acceptance by the buyer.

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    FCO-COCM-NHI-23102023-480MT

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    This document is a full corporate offer from Netoil Hengxing (HK) International Investment Group Co., Limited to COCM Oversea Trading DMCC for 400,000 metric tons of low sulfur diesel fuel per year. The offer specifies product details including origin from Qatar, price of $450 per metric ton, payment terms involving letters of credit, and transaction procedures for shipping and payment. The offer is valid for 3 days from the date of issue for acceptance by the buyer.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    406 views6 pages

    Fco Cocm Nhi 23102023 480MT

    Uploaded by

    psv2g5zbgr
    This document is a full corporate offer from Netoil Hengxing (HK) International Investment Group Co., Limited to COCM Oversea Trading DMCC for 400,000 metric tons of low sulfur diesel fuel per year. The offer specifies product details including origin from Qatar, price of $450 per metric ton, payment terms involving letters of credit, and transaction procedures for shipping and payment. The offer is valid for 3 days from the date of issue for acceptance by the buyer.

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    © All Rights Reserved
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    Full Corporate Offer (FCO)

    23/10/2023

    Ref: COCM-NHI-23102023-480MT-EN590

    To: COCM Oversea Trading DMCC (COCM)


    Office Address : Unit No. 671, DMCC Business Centre
    Level No. 1, Jewellery & Gemplex 3,
    Dubai, UAE
    Telephone: +971 55 8234998
    Email :vip@cocm.world

    We at Netoil Hengxing (HK) International Investment Group Co., Limited , issue this Full
    Corporate Offer prior to signing of Sales and Purchase Agreement with you. Below are
    the product information and terms and conditions:

    Product Details/Specifications:

    Commodity: LOW SULPHUR DIESEL FUEL EN590(10 ppm)


    Specification: STANDARD EXPORT QUALITY AND GRADE
    Origin QATAR ORIGIN
    Discharging Port DAP Zhanjiang & Ningbo PORTS, CHINA
    Contract Term 400,000 MT X12 MONTHS
    Shipping Schedule Within sixty (30) working days after the verification, clearance &
    acceptance of PB and as per the agreed delivery schedule.
    Price: USD 450 PER MT
    Performance Bond 2% PB of SBLC/DLC amount
    Payment Terms DLC & MT103: SBLC/DLC via SWIFT MT-760 covering the value
    equivalent to one (1) month shipment value;
    MT103/TT equivalent to the volume of the Commodity shipped,
    after SGS/CIQ report of Quality and Quantity at the destination
    Port, the buyer makes payment by MT103.
    Certification SGS, CIQ OR SIMILAR

    TRANSACTION PROCEDURES:

    1. a. Buyers issues Irrevocable Corporate Purchase Order (ICPO) company profile and
    buyer passport.
    b. Buyer provide Bank Confirmation Letter (BCL) under bank to bank direct to Qatar
    Refinery company 1
    2.Seller issues the draft 3 parties SPA for buyer's review and signing
    3.Seller issues the below PPOP document.
    a. Product Quality Passport Quality Certificate.
    b. Certificate of Product Origin.
    c. Product availability for Commitment letter to supply the product from Ministry of
    Energy.
    d. ATSC – Authorization to Sell and Collect.
    4.Buyer’s bank per seller’s verbiage shall issue SBLC/DLC within ten (10) working days
    for one month shipment’s value to seller’s refinery financial bank to enable the seller
    to commence loading of a product with the shipping company. Seller to finalize
    loading within ten (10) working days.
    5.After confirmation by seller’s refinery bank, the seller at own expense, charters with
    shipping/logistic company and alert buyer on shipment ordered graphic/schedule
    accompanied with the submission of nominated Vessel details to the buyer.
    6.Seller’s refinery bank responds with contractual operative 2% PB of SBLC/DC Value
    and full POP to buyer’s bank within seventy - Two (72) hours since buyer’s
    instrument confirmed by seller’s bank
    a) Copy of the Port Storage Agreement.
    b) Copy of the CPA, to Transport the Product to Discharge Port.
    c) Vessel Q88.
    d) Original BL (full set).
    e) Copy of SGS Report.
    7.Upon successful product confirmation against the SGS/CIQ Report of Quality and
    Quantity at the destination port, the buyer makes payment by MT103.
    8.Seller and buyer, within seventy-two (72) hours, the seller pays commissions to the
    seller side and the buyer pays to buyer’s intermediaries involved.

    2
    The validity of this Full Corporate Offer is 3 days from dated herein.

    Signed and Sealed by: (Accepted by Buyer)


    Netoil Hengxing (HK) International COCM Oversea Trading DMCC (COCM)
    Investment Group Co., Limited

    _______________________________ __________________________________________
    Mr. Xu Xu Hua Mr. Goukun Feng (maxkun Fung)
    Title: Director/CEO Title: Chairman/President
    Date :17/10/2023 Date :

    3
    PRODUCT SPECIFICATION

    4
    SELLER’S COMPANY REGISTRATION CERTIFICATE

    5
    SELLER’S REPRESENTATIVE PASSPORT COPY

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