Commodity: HIGH FFA CPO in bulk.
Quantity: 10,000-20,000 Metric Ton per shipment.
Contract Duration: To Be Agreed by Seller and Buyer.
Loading Port: Indonesia.
Delivery Subject to stock availability and market condition. CIF/FOB Terms.
Price: Seller's option to fix the price according to monthly MPOB Peninsular Malaysia Average price with 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's Cost.
Quality/Weight: Quality and Weight is final at Load Port as per SGS report.
THE BASIC, MAJOR SPECIFICATIONS OF THE PRODUCT ARE AS FOLLOWS:-
1.FREE FATTY ACID (AS PALMITIC) 7 - 15 % MAX
2.MOISTURE & IMPURITIES 0.5 % MAX
3.DOBI 2.31 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.