Monday, July 26, 2010

We Need "SUPPLIERS"!!!

If you are a Supplier of any of the listed products below, we would be glad to review your offer/quote. To this end, you may consider this as our "request for quote" (RFQ). Please consider the basic information below that we will require you provide for starters plus a preferred procedure:
  1. Name of Product
  2. Specifications of Product
  3. Origin of Product
  4. Price of Product
  5. Payment Terms: Acceptable leading bank issued Pre advised UCP600 Letter of Credit Transferable Non Cumulative Revolving Guaranteeing 12 months total contract quote payable at sight of clean delivery documents. Pre advised DLC converts to active DLC once genuine verifiable proof of Interests in goods has been supplied. All cost for credit activation and transfer fees at cost for account of the buyer. Should buyer not accept the pre advised credit applications, Seller will accept only a bank issued Confirmed irrevocable Non transferable UCP600 credit.
  6. Performance Guarantee: Supplier offers Buyer LDD "Late Delivery Discount" as must be shown or offered on the supplier/seller's invoice to favor the buyer upon each and every failed delivery.
  7. Maximum Quantity of Product (MQP)
  8. Minimum Order Quantity (MOQ)
  9. Liftable Quantity of Product (LQP)
  10. Contract Period: 12 months initially, with possible rollover 12 x 12 per a total of 36 months at supplier/seller’s option for buyer’s further consideration.
  11. Delivery: Price quote; Strictly FOB Incoterms “Named Port of Shipment’
  12. Delivery Schedule: Please state your projected 1st Delivery Date
  13. Procedure:
    1. Buyer accepts offer and applies firm price basis (Allow 5 days);
    2. Seller confirms quote, Seller issues full draft contract;
    3. Buyer accepts full contract. Draft contract becomes formal Contract;
    4. Formal Contract signed returned by e-mail and overnight couriers;
    5. No. 2 to 4 above to be completed within 28 days; ...thereafter;
    6. Buyer issues financial instrument;
    7. Seller advises acceptance of DLC and issues PPI (policy proof of interest), (Allow 5 days);
    8. Buyer has 3 days to verify PPI, Pre advised DLC become operational and Seller initiates reservation of berthing at loading terminal;
    9. Buyer confirms reservation/ advises to seller name of each ship, ETA, Flag;
    10. First delivery Initiated, Documents produced
    11. At sight collection on DLC applied.
    12. Next shipment initiated- For a further 11 months
    13. Buyer to advise Seller one month before final shipment if contract is to continue with the shipment for a further 12 months. New Financial instrument advised.
  14. Rules: UCP600, ICC Incoterms 2000, URC 522, ICC Rules of Agency.
  15. Language: English language; English common law of contract
For Intermediaries/Brokers/Agents:
We will not be interested in long chain offers and would advise ONLY on deals with SUPPLIERS ONLY (not sellers, except on some preferred terms); and of course, i.e. after your due diligence or proper verification has been conducted with a descriptive note from you justifying same. You must also be willing to take a guaranteed back seat and allow us to take it from the moment we accept. If a supplier is not sourced in-house, we will not discuss money until we can vouch for supply source and the product of subject matter.


Commodities of Interest
  1. Crude Oil: BLCO (Nigeria), REBCO (Russia), Arab Light (Saudi Arabia), Forcados (Nigeria), Agbami (Nigeria), Aqua Iboe Light (Nigeria), Forties Blend, Kuwait Blend, Lion Crude, Canadian Par, Fateh (Dubai), Tijuana Light (Venezuela), Saharan Blend (Algeria), Minas (Indonesia), etc. 
  2. Refined Oil Products: Diesel Fuel (petrodiesel - D2, AGO, Gasoil), JP54 (Aviation Kerosene, Jet Fuel), Kerosene (heating oil), Bitumen, Mogas, LPG, LNG, M100 (Mazut), Fuel Oils, Gasoline, Liquefied Petroleum Gas (LPG), Petrochemicals, etc.
  3. Solid Minerals: Iron Ore, Rutile, Bauxite, Barite, Copper, Bentonite, Limestone, Coal, etc.
  4. Other Products:
    1. Charcoal: Lump, Hardwood of various species
    2. Steel, Scrap Metals, Pre-fab Metals
    3. Aluminum
    4. Plastics
    5. Agro Products: Rice, Corn, Raw Cotton, Fertilizers, Peanuts, Sugar, Seafood, All types of Nuts, Natural Rubber, etc.
    6. Hardwares
    7. Clothings
    8. Security gadgets, GPS, & wears
    9. Hybrid Energy: Solar & Wind
    10. Medical & Pharmaceutical Products: Automatic Ventilating Machines, Disposals, Wheelchairs, Stretchers, Pads for Seniors & In-Patients, Inhalers, Chlorine for Water, etc.

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