Buy, Linseed Oil, Crude, IND

Nhava Sheva, India

Buyer is ready to buy (LOI), receive commodity is looking for Seller are ready to offer (SCO), transfer commodity on Incoterms basis using FOSFA contract. 
SUBJECT OF THE LETTER OF INTEND (LOI). The SELLER undertakes to supply and transfer to the BUYER, and the BUYER undertakes to accept the Goods and to pay it on the terms of the present LOI. Title of goods. Notwithstanding delivery of or the passing of risk in the goods to Buyers or any rule, regulation or provision to the contrary, title of goods shall not pass to the buyers until sellers have received payment of their invoice value in full in accordance with the terms of this LOI.

Quality in accordance with specification: Linseed Oil, Crude,
1. Specific Gravity @ 30c : Ranges between 0.9200 to 0.9300
2. Acid Value : 2.00 Max.
3. Refractive Index @ 40c : Ranges between 1.4720 to 1.4750
4. Iodine Value : 175 Min.
5. Heat Test : No Break upto 280c
6. Acid Heat Break Test : Below 100 ppm
7. Monoglyceride Test : Passes, Linolenic ranges between 50%-54%
8. Colour at Gardner Scale : 10 Unit Max.
9. Clarity : Clear & Transparent liquid
10. Clarity after 24 Hrs. at 200c : No sediment and turbidity seen. Liquid remain clear and transparent
11. Saponification Value : 190 – 195
12. MIV : 0.10 Max.

Quality and Quantity of goods final at place of loading as per Certificate issued by inspection company at the Seller's account.

Carriage: Shipments in containers. 14 free days for detention and demurage (merged) at discharge port as per shipping line rule.

Terms of payment negotiable depends of conter party:
Payment for goods to be made by the Buyer in USD or EUR by
- LC at sight or
- cash transfer CAD (Cash Against Documents) or
- CAFD (advance 20/ 80 INCASSO or original fax copy) to the Seller’s account:
specimen of CAFD
- 20% advance payment within 3 banking days against presentation to buyer following documents by fax or scanned original copy by e-mail:
a) Preliminary commercial invoice for the for 20% value of goods to be delivered;
- Balance payment within 3 banking days against presentation of original shipping documents to Buyer’s bank:
a) Commercial Invoice;
b) Full set of 3/3 original;
c) Certificate of Origin;
d) Quality and Quantity certificate;
e) Fumigation Certificate (Al. Phostoxin);
f) Phytosanitary Certificate;
g) Packing List
Quantity and quality of goods final at place of stuffing into containers as per Certificate issued by GAFTA Member inspection company at the Seller's account.

Please send Offer by email or form below. In case you are looking for different commodities, destination, packing, quality please do not hesitate to contact us.