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1 similar Imfpa Agreement contracts

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Imfpa Agreement • October 8th, 2024

The parties to this contract, the seller and buyer, agree on the terms of a heavy fuel oil commodity deal. The agreement is for a period of one year, with a total quantity of 600,000 metric tons. The delivery will be CIF Huang Dao Port in China. The price per metric ton will be USD $180.00 gross and USD $170.00 net, with an additional commission of USD $10.00 per metric ton. The buyer agrees to pay all intermediaries and fee holders at the same time and manner as the seller is paid for each transaction up to the completion of the contract. The buyer also confirms that they will order and direct their bank to endorse automatic payment orders to the beneficiaries listed below, with funds transferring into each designated bank account within seven working days after closing and completion of each shipment. The buyer agrees to provide written evidence of pay orders lodged with their bank together with acknowledgements of acceptance from the beneficiaries. The bank shall also provide a sign

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