Soft Offer

Dear Sir,

We wish to confirm, that we (The Seller ) for and on behalf of our seller are ready, willing and able to transact and sell the following commodity, with the following specifications, terms & conditions.

Sales & Purchases will be conducted based on the international procedures.

PRODUCT:                   Bright Yellow Sulphur, Refined sulphur, Granular, Lumpy

ORIGIN:                        IRAN ( NIOC – NIGC )

LOADING PORT:          Bandar Abbas  - Iran

PACKING:                    Bulk or Packing

QUANTITY:                  30,000 Mt per month

DELIVERY TIME:          10 days after receipt of acceptable L/C

PRICE:                         65 USD/MT FOB ( subject to change )

PAYMENT TERMS:       Irrevocable, divisible, confirmed, transferable, auto revolving LC of a Prime International Bank based on the value of monthly shipments, payable 100% at sight against relevant documents of loading port inspection.

SPECIFICATIONS OF THE GOODS:

PROCEDURE:

1. Buyer sends a LOI not older than 3 days + BCL
2. Seller issue’s Full Corporate Offer (FCO) or Draft Contract.
3. Seller and Buyer negotiate and finalize and sign contract (HARD COPY).
4. Buyer issues non-operative payment instrument and Seller posts Performance Bond for the value of 2% to activate the payment instrument.
5. The remaining steps to conclude the transaction are contract specific and are described in detail in each contract

                                                                                               Kind Regards