[Seller]
Sell lpg ( liquid petroleum gas ), natural gas
On behalf of seller, hereby offer with full corporate and legal authority and responsibility that we are ready, willing and able to enter in a contractual agreement with the buyer for the under-mentioned commodity under the following terms and conditions :
Product :
Liquified petroleum gas ( lpg ) 50/50 mix
Quantity :
300,000 metric tons
Price :
316.00 us dollar per metric ton ( nett price for you, no commissions added for you )
Payment :
Irrevocable, confirmed, non transferable, revolving, letter of credit ( dlc ) payable 100 percent at sight issued or confirmed by
Top 15 ranking bank on shipment by shipment basis and the amount of lc shall correspond with the stipulated lot or batch of the monthly quantity.
Delivery :
The first shipment will be within 45 days CIF to any safe china port.
Laytime :
72 hours and 6hrs.
Title and risk :
Title to the product together with all risk of loss as specified shall pass to the buyer as products passes vessel permanent flange connection at the load port.
Discharge operation :
If the cargo is to be discharge to barges, buyer should also provide barges or lighting where required for product discharge at his own risk and cost including all lighting equipments, fenders, hoses, reducers and lighting gears, are to buyers account.
Demurrage :
Buyer shall pay demurrage for vessel detention in excess of total lay time allowed at the charter party rate.
Performance bond
Seller will provide a 2 percent performance bond.
Inspection :
By a reputable independent surveyor such as sgs or equivalent at the port of loading and shall be deemed as final.
Vessel : Nominated vessel to have full majors approvals.
Other terms and conditions :
All other terms and conditions will subject to the final signing of the contract of supply between buyer and seller.
Quantity : 300,000 MT