Crude Palm Oil (CPO)

Product detail:

Commodity : Crude Palm Oil (CPO)
Country of Origin : Malaysia
Contract of Length : One year contract (12 consecutive months) from 1stshipment with

                              possible rolls and extension.

Quantity : 10000MT - 50000 MT/Month
Price : MPOB price  (negotiable during signing).

Payment : By T.T within 3 working days after delivery.

Packing : Shipment in Bulk
First Shipment : 30 45 days upon receipt, verified and confirmed payment instrument. For 

                          the 1st shipment within thirty (30) working days.

Inspection : Quality, Quantity and Weight by SGS or similar at the loading port at Sellers

                  expenses.

Transaction confirmation : Upon signing the Letter of Acceptance as per attached and

                                      the issuance of ICPO.

Term of delivery : FOB only to any local port in Malaysia.

CPO Technical Specification :-
 

FFA (as of Palmatic)           :5.0%
Moisture & Impurities          :0.5% max
Iodine Value                       :50-55min
Melting Point  (0C)              :39 degree max

Dobi Value                          :2.31
Standard                             :Malaysian PORAM

Transaction Procedure :-

 

a) Buyer issues Letter of Intent (LOI)

b) Seller issues Full Corporate Offer (FCO) and Letter of Acceptance

c) Buyer sends the copy Letter of Acceptance from FCO and sends ICPO including the

    Bank Comfort Letter (BCL).

d) Seller issues draft contract

e) Seller and Buyer sign contract via electronic mail. The hard copies to be exchange

    later.

f)  Buyers Bank issues SBLC/BG via SWIFT MT760

g) Seller issues 2% Performance Bond (PB) against SBLC.

h) Delivery starts with 30 45 days after confirmation bank instrument.