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ISRAEL MEGA FUNDING CORP.
D2 DIESEL FUEL FOR SALE WORLDWIDE
D2 SOFT OFFER AND SPECIFICATIONS
August 1, 2008
TO WHOM IT MAY CONCERN
As a direct agent to the mandate, Israel Mega Funding Corp. has been appointed sole legal authorized representative for many sellers and purchasers of D2 Diesel Fuel effective January 1, 2005 to January 1, 2030. We confirm that the seller is ready, willing and able to supply the following D2 Diesel Fuel commodity under the terms and conditions listed below and prices to be agreed upon between the Buyer and the Seller.
Israel Mega Funding Corp. is authorized to nominate his own representatives to purchase and sell D2 Diesel Fuel worldwide. If you are interested in being our representative worldwide or in the country of your choice, please contact us.
| Product: |
Diesel D2 |
| Commissions: |
Discount and commissions to be agreed upon |
| Origin: |
Amuy Venezuela |
| Specification: |
Based on Standard Specification of Certificate of Quality. See Appendix “A” |
| Quantity: |
Contracts are possible after first successful delivery and payment are completed. |
| Contract Duration: |
Twelve (12) months are rollovers and extensions as agreed upon by both parties.
Extensions up to sixty (60) months is possible. |
| Inspection: |
By SGS or equivalent Survey company |
| Confirmation: |
The order is confirmed after the Seller receives and accepts the IRREVOCABLE CONFIRMED PURCHASE ORDER (ICPO) or LETTER OF INTENT (LOI) & RWA BANK CONFIRMATION LETTER (BCL) from the Buyers bank. BCL must be signed by a Bank Officer on Bank Letterhead, and sent to the Seller. ICPO or LOI with full banking info and soft probe authorization (SPA) may be acceptable. |
| Buyers: |
Permit to Import, signed End User Allocation and Import License from the authorities to enter the Terminal. Other to be determined during negotiation. |
| Price (Fixed): |
Price Sheet will be sent to Buyer upon BCL and Soft Probe verification. |
| Terms of Delivery: |
On contracts after initial allocation, additional allocation would ramp up through separate contracts of up to five million MT. |
| Performance Bond: |
The Seller will issue a 2% (two percent) Performance Bond of one Monthly Lot delivery in favor of the Buyer as per the terms of the contract. The Performance Bond will be issued based on INCOTERM ICC 500. |
PROCEDURES
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Buyer issues ICPO a copy to seller by email attachment and the original by Swift to seller’s Bank. (Buyer’s Bank may issue in bank letterhead that client is Ready, Willing and Financial Able (RWFA Swift MT799). The RWFA must be Bank Commitment (TOP 25 BANKS) and responsibility.
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Seller approves ICPO & RWFA. On approval of ICPO. Seller issues a Draft Contract.
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MFPA will be completed by representatives of Buyer and Seller.
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Buyer Signs, Seals and returns Contract to Seller who countersigns, seals and return a copy of the document to the buyer. Both parties lodge a copy of the contract with their respective Bank.
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Seller’s Bank issues confirmation of the POP to buyer’s Bank.
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Within 2 International banking days, Buyer’s bank issues conditional payment order MT103/23 (steps 6 and 7 should be basically simultaneous).
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Seller presents full set of POP documents and Ownership title at counters of Buyer’s Bank.
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Upon receiving the ownership title and pertaining documents Buyer’s bank pay for 100% of the value of the commodity by SWIFT wire transfer (MT103) directly to the Seller’s designated bank account within 24 hours (this would be on the spot).
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Lifting of the D2 commences.
D2 SPECIFICATIONS/CERTIFICATE OF QUALITY
| QUALITY QUANTITY SERVICE |
CERTIFICATE OF QUALITY |
| |
| ANALYSIS |
UNITS |
METHOD
ASTM |
SPECS
MIN/MAX |
SHORE
TANKS |
HAND BLEND
TANKS |
|
| TOTAL ACID NUMBER |
MGKOH/GR |
D-974 |
.04MAX |
0,16 |
- |
| API GRAVITY AT 60º |
API |
D-287 |
30/39 |
30.4 |
- |
|
| ASH CONTENT |
WT.PCT. |
D-482 |
0.01 MAX |
0,001 |
- |
|
CARBON CONRADSON
10 PCT BOTT |
WT.PCT. |
D-189 |
0.35
MAX |
0,03 |
- |
|
| CETANE INDEX-2V |
ADIMENS |
D-975 |
40 MIN |
45,0 |
- |
|
| CLOUD POINT |
ºC |
D-2500 |
-10 MAX |
-15 |
- |
|
| COLOR ASTM |
ASTM |
D-1500 |
2 MAX |
1,5 |
- |
|
COPPER ORR. STRIP
(3 h/122º F) |
ADIMENS |
D-130 |
1 MAX |
1A |
- |
|
DISTILLATION 90 PCT
RECOVERED |
ºC |
D-86 |
282/338 |
331,5 |
- |
|
| FLASH POINT, PM |
ºC |
D-93 |
66 MIN |
74 |
- |
|
| POUR POINT |
ºC |
D-97 |
-18 MAX |
- |
-18 |
|
| SULPHUR CONTENT |
WT.PCT. |
D-2622 |
0,2 MAX |
0,200 |
- |
|
VISCOSITY SSU@ 100ºF
(37.8ºC) |
SSU |
D-2161 |
33/40 |
36,1 |
- |
|
KINEMATIC VISCOSITY
AT 100ºF |
CST |
D-445 |
2.12/4.25 |
3,067 |
- |
|
| WATER AND SEDIMENT |
VOL PCT. |
D-2709 |
0.05 MAX |
0,020 |
- |
|
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If
you have any questions about our
Worldwide Diesel Fuel Division or would like us to contact you, simply submit the form below. One of our worldwide representatives will contact you shortly to discuss your request in detail or you may email us for immediate assistance for all your fuel needs.
CONTACT:
info@israelmegafunding.com
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