United States Mazut

Specifications: Mazut M-100 Fuel Oil Price: Platts Geneva less $14/$10 Specifications: (Straight run, not cracking, for refinery use) 1. Density at 20 degrees C.92 -.94 2. Viscosity at 80 degrees C Max 16.0 3. Viscosity at 100 degrees C Max 6.8 4. Viscosity Kin at 80 degrees C Max 118 5. Ash PCT Wt Max 0.05 6. Sediment by Extraction Max 1.0 7. Surpher PCT Wt Max 1.5 8. Flash Point (open cup) degrees C Min 110 9. Freezing Point degrees C Max 42 10. Cross Heat (BTU/LB) Min 40530 Payment Terms (for a 12 month contract): Payment for the first 10 months can be by monthly Wire Transfers, monthly LCs, or by Revolving Letter of Credit, whichever is best for the buyer. Payment for the last 2 months must be by a SBLC or BG equal to 2 months of shipments. Buyer\'\'s financial instruments remain in the buyer\'\'s possession, buyer Deposits them in a blocked Safe Keeping Account (SKA) at an acceptable bank (one of the world\'\'s top 25 banks) in the buyer\'\'s name. The SBLC or BG remains in the buyer\'\'s blocked SKA account for 12+ months. Funds can be withdrawn only upon presentation by seller of the proper documentation as described in the contract between buyer and seller and required by the Performance Bond. Financial instruments must be irrevocable, non documentary, assignable, and 100% available. Proof of Product is issued only after the buyer\'\'s pre-advise has been received - see below. The sequence of documents and events is as follows: Buyer - issues Letter of Intent (LOI) and Bank Comfort Letter (BCL) according to the seller\'\'s format (I will provide a template with the acceptable wording for both Documents). Seller - issues a contract. Buyer - signs contract and returns it to seller Seller - signs contract and issues buyer a copy. Buyer - buyer\'\'s bank issues a pre-advise for a 4 month SBLC or BG. Seller - issues a 2% Performance Bond from one of the world\'\'s top 25 banks. Seller - issues Proof of Product (POP). Mazut is loaded within 45 to 60 days of operative SBLC or BG.