Hit Counter

Crude Rapeseed Oil DIN 51605

Subject  : Full  Soft Offer for 12 X 12,500 , 25,000 , 50,000 Metric Tons.

We, =========, and Mandate - ASWD Inc.,  acting with full legal and corporate authority and responsibility, confirm that we are willing and able to SELL this commodity product under the following terms and conditions to be agreed upon contract:

Mandate :
Seller:                     
Product:                     CDRO Rapeseed Oil
 Origin: Malaysia (Crushed in Malaysia)
Quality:                      As per international standards
Price:                     USD1190.00 PMT
Quantity:              12,500 MT x 12 Month Contract
One shipment per month (total annual contract 150,000 MT)
Crude Degummed Rapeseed Oil

PRODUCT SPECIFICATION DIN 51605 (CDRO)

Quality Parameter

Measure

Limit Value       

Test Method

 

Unit

E DIN 51605

 

Density(15 °C)

Kg/m³  

900-930

DIN EN ISO 12185

Flash Point P.-M.

°C

Min. 220

DIN EN ISO 2719

Cinematic Viscosity (40 °C)

mm²/s  

max. 36,0

DIN EN ISO 3104

Lower cloric value

Kj/kg

max.36.000      

DIN 51 900-2

Cetane Number

min. 39            

IP 498

 

Carbon Residue Mass n.C

% (m/m)

max. 0,40

DIN EN ISO 10370

Iodine Number  

g Jod/100g

95-125 

DIN EN 14111

Sulphur Content

mg/kg  

max. 10

DIN EN ISO 20884

Contamination  

mg/kg  

max. 24           

DIN EN 12662

Erucic Acid Value

mg KOH/g

max. 2,0

DIN EN 14104

Oxidation Stability 110 °C

h

min. 6,0           

DIN EN 14112

Phosphorus Content     

mg/kg  

max. 12

DIN EN 14107

Content of alkaline earth Metals

 

 

(Ca+Mg)

mg/kg

max. 20

E DIN EN 14538

Oxid Ash Content

% (m/m)

max. 0,01

DIN EN ISO 6245

Water Content K.-F.

mg/kg

max. 750

DIN EN ISO 12937

Contract Term:     Min One year, renewable every 12 month period thereafter upon
       agreeable terms to both parties.

 Procedures;  Buyer issues LOI and BCL with full company address and full contact
details. including phone numbers and e-mail.

Seller issues: FCO, Buyer signs and returns FCO with ICPO, within 24hours.

* Visits :  At Buyer's own expense visits allowed to the plantation , storage tanks & and the Port of loading. after all required documents

* Test Certification will be by SGS at loading port.

Delivery Time (loading): Within 30-45 days upon Seller's receipt of the Buyers DLC.

Packing  :                             In bulk

Payment Term:    Irrevocable and transferable Documentary Letter of Credit issued or confirmed
by international first class bank, with payment 100% at sight to the Seller’s account bank against presentation of the shipping documents

Performance Bond :    The Seller issues 2% Performance Bond before L/C issued

Inspection:       By an independent surveyor SGS, whose inspection report shall be
binding both parties and considered as final

Others :                 To be discussed later

Validity for this:        ===================

Shipment monthly : Minimum 12,500 till 160,000MT

First Shipment : 30 to 45 Days after Financial Instrument in Place

Following Shpts : Every 30 days after the first.

Inspection : Quantity, Quality, weight and analysis report by SGS in Loading Port.

Payment Terms : 1st Shipment: 40% BG (Bank Guarantee), balance 60% L/C.

2nd Shipment onwards : 100% DLC, Documentary Letter of Credit, irrevocable,

Covering Entire Contracts Value

transferable, confirmed, unconditional and payable 100% at sight against presentation
of shipping documents at loading port.

                                                 

Transaction Procedure A MUST - INCOMPLETE NOT REPLIED

1.) Seller issues Soft offer to buyer.(This Document )
 2.) Buyer issues the Letter of Intent  (LOI) with full banking co-ordinates with
     Soft  Probe Authorization and Bank Comfort Letter (BCL) to the Seller always
     with Capital Proof. LOI must be on Buyer's letterhead.
_ LOI must contain full and verifiable contact details of buyer.
_ LOI must be of current date and not older than 7 days.
_ LOI must contain the target/given price.
_ LOI must contain the mode of payment.
_ LOI I must include full banking co-ordinates of the buyer.
2.) Seller issues FCO (Full Corporate Offer) to buyer.
3.) Buyer completes, accepts FCO signs and seals returns to seller.
4.) Seller issues DRAFT CONTRACT, open for amendments per e-mail to  buyer.
5.) Buyer reviews signs and seals CONTRACT and return to seller within 3 days.
6.) Buyer issues Pre-advised L/C to Seller by Swift MT760 within 7 days.
7.) Seller issues non-operative 2% PB to Buyer within 3 days.
8.) POF vs POP take place to make LC and  PB operative.
9.) Delivery commence as per contract.