Crude Palm Oil
1) Specification as of PORAM standard
O.25 % Max
O.25 % Max
M.Pt degree C
Commodity: Crude Palm Oil (CPO) in bulk.
Quantity: 10,000 Metric Ton per shipment.
Contract Duration: To Be Agreed by Seller and Buyer.
Loading Port: Tawau or any Malaysian Port.
Delivery Term: MPOB less 2% Discount per metric ton, subject to stock availability and market condition. FOB Terms.
Price: Seller option to fix the price according to monthly MPOB Peninsular Malaysia Average price minus 2% Discount.
Payment Terms: By Irrevocable Letter of Credit at Sight issued by any Top 20 Prime Bank, with partial shipments allowed.
Inspection: Quality, Quantity and Weights by SGS at Load Port at Seller Cost.
Quality/Weight: Quality and Weight is final at Load Port as per SGS report.
Free Fatty Acids (FFA) : 5.00% Min.
Moisture & Impurities ( M & I ) : 0.2% Min.
DOBI : 1.80% Min.
Other Terms: All other terms and conditions shall be as per the PORAM / MPOA Contract for Malaysian Crude Unbleached Palm Oil in Bulk currently in force.