Crude Palm Oil

Product detail:

Product: CRUDE PALM OIL
Origin: INDONESIA 
Price: FOB BELAWAN minus USD15 (Rotterdam Market Price current day)
Loading Port: BELAWAN PORT INDONESIA
Payment Mode: 10% down payment by cash upon confirmed and 90% upon complete of loading by DLC at sight (with no performance bond (PB))

Specification/Quality
FFA (As of Palmatic): 4.5% - 5.0% Max
Moisture & Impurities: 0.25% Max
Iodine Value: 51% Min
MPA Degree/(S. Melting Point): 33oC - 39oC Max
Colour: 3. 5R - 3.5Y Max
Dobi: 2.3 Max

Analysis/weight: Final quality and weight to be done by independent surveyor (SGS)

Terms & Procedures:
1) Buyer issue ICPO complete with bank detail
2) Seller issue Draft Sale & Purchase Agreement
3) Buyer will issue and confirmed LC to seller
4) Within 3 working days seller will Notice of Readiness after verification on buyer’s LC
5) Buyer will confirm their lifting date range
6) Loading commence