To End Buyer,
I xxxxxxxxxxxxxxx, hereby confirm that The Seller
is ready, willing, and able to
sell the commodity JP54 under the following terms and conditions. This offer is subject to final
availability
Issue Date: November 5, 2008
Transaction Code: 110508-BI-118-200MBBL-64-60
Validity Date: 4 days from above issue date.
COMMODITY RUSSIAN JET FUEL GRADE 54 JP
QUANITY 200MBBL SPOT Houston
TOTAL QUANTITY 200MBBL
LIFTABLE PRODUCT 10MBBL
DELIVERY FOB HOUSTON
PRICE 64/60
$2 dollar buy side open
commissions payable by buyer only
Procedures:
1Need ICPO AND NCNDA/IMFPA
2. Buyer & Seller discuss contract details & lift schedule etc.
3. BLUE SCREEN CLOSING SELLER CONTACT BUYER TO ISSUE CODE AND
VERIFY FUNDS WITH BUYER VERIFY POP ON BLUE SCREEN
4. BUYER ISSUE PAYMENT
5. DEAL CLOSED
6. BUYER TAKE OWNERSHIP Blue Screen
This transaction is a bank-to-bank transaction, to be executed via Blue Screen transmittal
transfer upon banks agreement.
Transaction Procedures:
1. Seller and Buyer make appointments with blue screen departments at top 25 World Bank
(does not have to be the same bank).
2. Seller and Buyer's banks submit a letter on bank letterhead. In this letter, the bank officers
acknowledge that the bank has the capability of accessing the blue screen.
3. The letter states the name of the bank officer who is to download the blue screen. Title
and passports are submitted as identification.
4. The Seller's bank officer acknowledges that the bank is to set-up an account in the name
of the Buyer to provide proof of product.
5. The Buyer's bank officer acknowledges that the bank is to set-up an account in the name
of the Seller to provide proof of funds.
6. Buyer and Seller's bank officers exchange blue screen pass codes.
7. Buyer's bank officer verifies product.
8. Seller's bank officer verifies funds.
