RUSSIA D2 GAS OIL GOST 305-82
Grade: Russian Export Grade
LOADING PORT- VLADIVOSTOK/NAHODKA/NOVOROSSIYSK/ROTTERDAM/HOUSTON
Origin: Russian Federation
Contract Term: 12 months minimum (with rolls and extensions)
Payments Term: MT103/ TT wire transfer, SBLC, BG MT760.
POP: Provided as per documents list in contract
Inspection by: SGS/CIQ.
Quantity: Minimum: 50,000 MT. Maximum: 500,000 MT CIF Price: $300 GROSS / $290
NET
COMMISSION: $5 / $5
TERMS AND PROCEDURE CIF
1. Buyer confirms Soft Offer and acceptance of the Sellerâ??s procedures, issues ICPO with
Sellerâ??s Procedures incorporated on the ICPO.
2. Seller issues Draft Contract and sends it to the Buyer, Buyer returns the countersigned
Contract duly signed to Seller Company with a letter of acknowledgement and scanned
copies of the buyerâ??s company registration and international passport copy of buyer.
3. Seller reviews signed contract, seal and return a copy of the signed and sealed contract,
both parties lodge with their respective banks.
4. Buyer issues to Sellers account the MT199/MT799 notifying the availability of fund and
readiness to issue the payment guarantee before receiving of the partial POP.
5. Seller releases to the Buyer the Partial POP Documents
(a) ) Company Registration Certificate
(b) Company tax identification/registration Certificate
(c) ) Refinery Commitment to produce
(d) Refinery affidavit
(e) Statement of availability of product.
(f) Refinery Product quality passport (Analysis)
6. On confirmation of the receipt of the partial POP buyer must within 5 banking days issue the SBLC or BG MT760.
7. On confirmation of clause 6 by seller bank, Seller bank issues the Full POP documents
listed below to buyer bank and the 2%PB.
a. Copy of License to Export, Issued By the Department of the Ministry of Energy.
b. Copy of Approval to Export, Issued By the Department of the Ministry of Justice.
c. Copy of Statement of Availability of the Product.
d. Copy of the Refinery Commitment to Produce the Product.
e. Copy of the Transnet Contract to Transport the Product to the Port.
f. Copy of the Port Storage Agreement.
g. Copy of the Charter Party Agreement(S) To Transport the Product to Discharge Port.
h. Dip test Authorization, Tank receipt and SGS report.
i. Copy of Vessel Questionnaire 88
j. Copy of Bill of Lading.
k. Certificate of Origin.
8. Upon receipt of the 2%PB & Full (POP) by buyerâ??s bank, Buyer immediately notifies seller
refinery of readiness.
9. Shipment commences as per contract schedule.
10. Within 5 working days of Vessel arrival, buyer release full payment via MT103 after CIQ or SGS at the destination port.
11. Seller pays all intermediaries accordingly within 72 hours.