D2 DIESEL GAS OIL / EN590  

Price USD  Gross/ 350 Net $340  

First trial 100,000 MT  

Contract: 200,000 MT X 12 months

AVIATION JET FUEL/JP54  

Price USD $74 Gross /$70 Net    

First trial 1,000,000 BBLS  

Contract: 2,000,000 BBLS X 12 months

D6 DIESEL OIL / Naphtha FOB

Price USD $0.78 Gross/ $0.74 Net  

First trial 100,000,000 Gallon

Contract: 200,000,000 Gallon X 12 months  

BITUMEN

Price $450/$440 MT

First trial 100,000 MT

Contract: 200,000 MT X 12 months

UREA

Price $350/$340 MT

First trial 100,000 MT

Contract: 200,000 MT X 12 months  

PROCEDURE

1) The buyer shares the following information via ICPO on behalf of the seller mandate: company name, registered office address, registration number or tax code, full name of the director, SWIFT/BIC code, bank account number or IBAN.

We understand that any offer and/or contract is subject to positive verification by the public refinery of the buyer's availability of funds. The buyer hereby gives written permission to the public refinery's bank to conduct a soft probe of the buying company's bank account and the buyer's bank will be notified of the buyer's verification.

The company signing ICPO must ask its bank for proof of bank funds signed by the director on letterhead.

2. The public refinery issues a sales and purchase contract directly to the buyer with a copy to the refinery agency and the seller mandate for the buyer's review.

The buyer reviews the draft contract issued by the seller, signs it and returns a copy to the seller with a copy to the refinery agency and the seller mandate.

3. Upon final execution of Contract Agreement Signed By the Buyer, the public refinery issues to Buyer

a) Approved Authentic Legalized Contract from the Ministry of Energy.

b) Commitments to Produce to the Product.

c) Passport Analysis Report for the Specify Products.

d) Refinery certificate of incorporation to Buyer.

4. Upon confirmation of the documents by the Buyer, the Buyer instructs its bank to send a Swift pre-notification message to the Seller's bank for availability, exclusively via bank-to-bank communications.

The Seller shall respond to the Buyer's bank for availability to receive the Buyer's instruments agreed upon in the contract signed by both parties.

Within seven (7) business days, the Buyer shall send an irrevocable and confirmed Swift operational letter of credit, SBLC/DLC via Swift SBLC/MT760, or (with negotiable DLC) to the account designated by the Seller. If the Buyer does not issue DLC-MT700 within 7 business days, the Buyer shall alternatively pay a security deposit of 5% of the total product amount via bank transfer which will be returned upon payment of the product.

5. Upon Confirmations of Buyer Bank Instruments Received or Payments Guarantee Deposit, Seller Contact Shipping Company for immediate Loading of the Products to Buyer Destination Port and Seller issues 2% PB to Buyer Bank as Guarantee of monthly shipment alone side with the full POP SHIPPING documents, customs formalities, to Buyers Bank including the SGS based on international analytical report bill of lading .

6. Buyer will be invited by seller to witness the loading of the product and Discharge of Products at the Destination Port.

7. Seller clears vessels from the commercials terminal (Russia Shore), Buyer confirms shipping documents with ship master while seller Effects delivery to buyer destination according to contract schedule.

8. Vessel arrives at destination port and Buyer conduct inspection on the goods. Upon confirmation of product quality and quantity at unloading port, Buyer release payment to Seller by TT/MT103 within 7 (Seven) banking days after the discharge of the cargo at the destination port and CIQ ISGS inspection.

9) Upon seller receives the payment for the product, the seller pays the commissions of his intermediaries and the buyer pays the commissions to his intermediaries which do not fall between GROSS and NET prices. 

D2 DIESEL GAS OIL / EN590 

Price USD  Gross/ 350 Net $340  

First trial 100,000 MT  

Contract: 200,000 MT X 12 months  

AVIATION JET FUEL/JP54  

Price USD $74 Gross /$70 Net    

First trial 1,000,000 BBLS  

Contract: 2,000,000 BBLS X 12 months  

D6 DIESEL OIL / Naphtha FOB

Price USD $0.78 Gross/ $0.74 Net  

First trial 100,000,000 Gallon

Contract: 200,000,000 Gallon X 12 months  

PROCEDURE

1) Buyer shares following information: company name, legal address, registration or tax identification number, CEO or Director full name, SWIFT / BIC, Account number or IBAN.

We understand that any offer and/or contract is subject to positive verification by the public refinery of the buyer's availability of funds.

The buyer hereby gives written permission to the public refinery's bank to conduct a soft probe of the buying company's bank account and the buyer's bank will be notified of the buyer's verification. 

The company signing ICPO must ask its bank for proof of bank funds signed by the director on letterhead.

2) Seller and Buyer sign and exchange Memorandum of Understanding.

3) Seller contact the Independent Surveyor (Bureau Veritas/ SGS) and make an official request for reservation of booking of the Independent Surveyor to come and conduct the DIPT TEST at the seller’s short tank and authorize buyer to contact the Independent Surveyor for confirmation.

4) Buyer remits 90,000 USD to Seller for the conduction of the DIP-test of every 30,000 MT of commodity.

For example, allocation and DIP-test access for 60,000 MT requires 180,000 USD deposit from Buyer.

5) Seller completes all the necessary paperwork with Independent Surveyor (Bureau Veritas/ SGS), oil terminal and port authority.

6) The Independent Surveyor (Bureau Veritas/ SGS) contacts Buyer for Sample collection confirmation,

7) The Independent Surveyor (Bureau Veritas/ SGS) issues quality and quantity report to Buyer under Buyer’s company name.

8) Buyer pays 40% value of the product value and Seller extends tank for Buyer for 15 days for free to enable Buyer lift the product via tank to vessel or tank to tank method.

9) Seller transfer the consignment’s title of ownership to the Buyer.

10) Buyer issue his vessel arrival schedule to the Seller

11) Seller re-confirm their readiness to start the injection of the product into the Buyer’s vessel, once the vessel arrives at the loading port

12) Buyer’s vessel shall, within Seven (7) calendar working days arrive at the loading port for Tank to Vessel (TTV) injection and if Buyer’s vessel fails to load the product within seven (7) calendar days, Buyer’s will make a 1% payment to the Seller, per day of delay, to cover any delay of the Buyer at the loading

13) Buyer takes absolute ownership/responsibility to maintains Party A's Tank/Tanker or transfer consignment to her Tank/Tanker and make the remaining payment of 60%

14) Both Party sign sales and purchase contract for extension of trade

15) Upon seller receives the payment for the product, the seller pays the commissions of his intermediaries and the buyer pays the commissions to his intermediaries which do not fall between GROSS and NET prices. 

D2 DIESEL GAS OIL / EN590 

Price USD  Gross/ 350 Net $340  

First trial 100,000 MT  

Contract: 200,000 MT X 12 months  

AVIATION JET FUEL/JP54  

Price USD $74 Gross /$70 Net    

First trial 1,000,000 BBLS  

Contract: 2,000,000 BBLS X 12 months  

D6 DIESEL OIL / Naphtha FOB

Price USD $0.78 Gross/ $0.74 Net  

First trial 100,000,000 Gallon

Contract: 200,000,000 Gallon X 12 months  

PROCEDURE

1) Buyer shares following information: company name, legal address, registration or tax identification number, CEO or Director full name, SWIFT / BIC, Account number or IBAN.

After signing the contract, "the notifying party" shall be written as the buyer and "the destination" shall be written as Buyer’s destination Port.

Prior to signing the contract, the buyer shall provide a tank leasing agreement.

The Seller shall provide the Certificate of Quality and Quantity (INTERTEK) : inspection report before loading.

This Inspection will be paid by the Buyer.

We understand that any offer and/or contract is subject to positive verification by the public refinery of the buyer's availability of funds.

The buyer hereby gives written permission to the public refinery's bank to conduct a soft probe of the buying company's bank account and the buyer's bank will be notified of the buyer's verification. 

The company signing ICPO must ask its bank for proof of bank funds signed by the director on letterhead.

2) Seller contact the Independent Surveyor (Intertek) and make an official request for reservation of booking of the Independent Surveyor to come and conduct the DIPT TEST at the seller’s short tank and authorize buyer to contact the Independent Surveyor for confirmation.

3) Seller completes all the necessary paperwork with Independent Surveyor (Bureau Veritas/ SGS), oil terminal and port authority.

4) The Independent Surveyor (Bureau Veritas/ SGS) contacts Buyer for Sample collection confirmation,

5) The Independent Surveyor (Bureau Veritas/ SGS) issues quality and quantity report to Buyer under Buyer’s company name.

6) Buyer pays 30% value of the product value and Seller extends tank for Buyer for 15 days for free to enable Buyer lift the product via tank to vessel or tank to tank method.

7) Seller transfer the consignment’s title of ownership to the Buyer.

8) After the cargo is loaded, the party with the property rights shall submit the POP documents, BL, Q88, and other documents to assist the buyer in completing the maritime declaration, and payment of the second 10% shall be made.

9) Upon arrival at the port, the cargo shall enter the bonded tank and pass the CCIC inspection within one day, and the remaining 70% payment shall be made.

10) Upon seller receives the payment for the product, the seller pays the commissions of his intermediaries and the buyer pays the commissions to his intermediaries which do not fall between GROSS and NET prices.