Product : D2, Mazut, JP54, JET A1, D6, LPG, LNG, AGO, EN590
Origin : Russian Federation
Terms : CIF ASWP
Payment Terms : SBLC MT760 / DLC MT700 / MT103
Inspection : By SGS
MAZUT GOST 10585-75
CIF Price : USD 190.00 Gross / USD 185.00 Net Per MT
Quantity : 50,000 MTs – 300,000 MTs Monthly
JET FUEL COLONIAL GRADE 54 / JET FUEL A1
CIF Price : USD 38.00 Gross / USD 36.00 Net Per BBL
Quantity : 1,000,000 BBLS – 5,000,000 BBLS Monthly
LIQUEFIED NATURAL GAS (LNG)
CIF Price : USD 255.00 Gross / USD 250.00 Net Per MT
Quantity : 50,000 MTs – 300,000 MTs Monthly
DIESEL GAS OIL GOST 305-82
CIF Price : USD 295.00 Gross / USD 290.00 Net Per MT
Quantity : 50,000 MTs – 300,000 MTs Monthly
D6 VIRGIN OIL
CIF Price : USD 0.78 Gross / USD 0.76 Net Per GAL
Quantity : 200,000,000 GALS – 600,000,000 GALS Monthly
LIQUEFIED PETROLEUM GAS GOST 20448-90/C4 RAFFINATE
CIF Price : USD 260.00 Gross / USD 255.00 Net Per MT
Quantity : 100,000 MTs – 300,000 MTs Monthly
AUTOMOTIVE GAS OIL (AGO)
CIF Price : USD 280.00 Gross / USD 275.00 Net Per MT
Quantity : 50,000 MTs – 200,000 MTs Monthly
ULSD EN590 10PPM, EN590 50PPM, 100PPM, 500PPM
CIF Price : USD 300.00 Gross / USD 295.00 Net Per MT
Quantity : 50,000 MTs – 200,000 MTs Monthly
REBCO RUSSIAN EXPORT BLEND CRUDE OIL GOST 9965-76
CIF Price : USD 38.00 USD Gross / USD 36.00 USD Net Per BBL
Quantity : 1,000,000 BBLS – 2,000,000 BBLS Monthly
PETCOKE
CIF Price : USD 90.00 Gross / USD 85.00 Net Per MT
Quantity : 50,000 MTs – 100,000 MTs Monthly
FUEL OIL 180 CST, 380 CST
CIF Price : USD 180.00 Gross / USD 175.00 Net Per MT
Quantity : 50,000 MTs – 100,000 MTs Monthly
CIF TRANSACTION PROCEDURE
1) Buyer issues Irrevocable Corporate Purchase Order (ICPO) with Company Profile and CIS.
2) Seller issues Draft Sale and Purchase Agreement (SPA), for Buyer to countersign upon acceptance of terms and conditions.
3) Seller confirms final contract, at own expense notarizes it and submits Partial Proof of Product (via email) as follows:
a) COMMITMENT LETTER TO SUPPLY THE PRODUCT
b) COMMODITY TRANSACTION PASSPOR
c) COMMERCIAL INVOICE
d) FINAL NOTARISED COPY OF SPA
e) SELLER'S REGISTRATION
f) CERTIFICATE OF ORIGIN
4) Upon Seller receipt of the above Partial Proof of Product (PPOP) documents, Buyers bank within twelve (12) working days, shall issue DLCMT700/ SBLC MT760/ MT799 BLOCKED FUNDS to Seller's bank.
a) If the Buyer fails to issue the agreed instrument within the stipulated time period, Buyer will pay 20% of the total product by MT 103 TT Wire to the Seller. This amount will be deducted from the total product after SGS inspections.
b) After confirmation of Buyer's instrument, once and if done by the Buyer, Seller’s bank responds with a contractual operative 2% PB after five (5) working days. OPTIONAL (Buyer and his team visit for Table Top Meeting (TTM) to conclude the signing of hard copies for the rolls and extension of the contract.
5) Seller signs CPA with Shipping/Logistics company at their own cost and full POP is issued to the Buyer's bank within twenty-four (24) hours. The seller alerts the Buyer on shipment schedule accompanied with submission of nominated vessel details to the Buyer.
6) After SGS inspection time line loading starts as per delivery schedule agreed in the contract.
7) Vessel sails to destination port/location, Seller issues DTA and ATB for Buyer to conduct the Dip Test
8) Buyer releases payment for each shipment 100% via MT 103 - T/T for the Total Cost of the Product after the CIQ at Buyer Discharge Port and Seller will transfer title.
9) Seller provides 110% insurance in favors of the Buyer.
