Product List May 2012 - D2 - M100 - JP54 - D6 - LPG - LNG

Product	Minimum Order Maximum Order	Destination	Unit	Gross Price	Net Price
D2 GASOIL	50,000 MT per Month 1,000,000 MT per Month	CIF ASWP	MT	$740.00	$730.00
		FOB ROTTERDAM	MT	$720.00	$710.00
		FOB RUSSIA	MT	$710.00	$700.00
M100	200,000 MT per Month 500,000 MT per Month	CIF ASWP	MT	$460.00	$450.00
		FOB ROTTERDAM	MT	$440.00	$430.00
		FOB RUSSIA	MT	$430.00	$420.00
JP54	2,000,000 BBL per  Month 5,000,000 BBL per Month	CIF ASWP	BBL	$66.00	$56.00
		FOB ROTTERDAM	BBL	$63.44	$53.44
		FOB RUSSIA	BBL	$62.15	$52.15
D6 VIRGIN	75,000,000 Gallon/Month  150,000,000 Gallon/Month	CIF ASWP	Gallon	$2.45	$2.40
		FOB ROTTERDAM	Gallon	$2.38	$2.33
		FOB RUSSIA	Gallon	$2.32	$2.27
D6 BLENDED	75,000,000 Gallon/Month  150,000,000 Gallon/Month	CIF ASWP	Gallon	$2.28	$2.23
		FOB ROTTERDAM	Gallon	$2.21	$2.16
		FOB RUSSIA	Gallon	$2.15	$2.10
LPG	100,000 MT per Month 500,000 MT per Month	CIF ASWP	MT	$590.00	$580.00
		FOB ROTTERDAM	MT	$570.00	$560.00
		FOB RUSSIA	MT	$560.00	$550.00
LNG	100,000 MT per Month 500,000 MT per Month	CIF ASWP	MT	$650.00	$630.00
		FOB ROTTERDAM	MT	$630.00	$610.00
		FOB RUSSIA	MT	$620.00	$600.00

NOTE:

(1) Conversion factor from Metric Ton to Barrel = 7.8

(2) Conversion factor from Metric Ton to US Gallon = 302.6

(3) Presented prices can be modified without prior notification

CONTRACT PROCEDURE

1. BUYER issues LOI

2. SELLER sends FCO

3. BUYER approves, signs the FCO and send it back to SELLER plus an ICPO with full banking details and buyer title, nationality and passport number and a BCL (BCL is required only if MAZUT);

4. SELLER sends to BUYER a contract for review and amendment;

5. The Parties sign and seal the present Contract and exchange the copies electronically. The electronically exchanged copies will be legally binding until the hard copies are exchanged.

6. BUYER and SELLER lodge the contract and NCNDA/IMFPA to their respective banks;

7. Within 5 (Five) banking days, BUYER issues an irrevocable bank guarantee instrument in the format of any of the following forms –irrevocable BG or irrevocable MT760 or irrevocable SBLC or irrevocable DLC. The amount of the of the instrument will be 100% of the monthly shipment value of the contract and revolving for the contract duration;

8. Within 5 (Five) banking days, provides POP to BUYER's Bank (Copy of license to export, issued by the department of the Ministry of energy, Copy of approval to export, issued by the Department of the ministry of Justice, Copy of availability of product, Copy of refinery commitment to produce the product, Passport bargain number, Allocation passport certiWicate issued by the ministry of energy, Copy of port storage agreement, Copy of the charter party agreement(s) to transport the product to the discharge port);

9. Within 5 (Five) banking days, SELLER issues a 2% Performance Bond;

10. The SELLER informs the BUYER about the readiness for Shipment of monthly consignment;

11. Shipment commences as per Contract;

12. The SELLER undertakes delivery in accordance with the Contract terms;

13. For every delivery, SELLER issues a Commercial Invoice for buyer’s completion, signature and return;

14. SELLER supplies SGS Report, Tank Storage Receipt (TSR) and Dip Test Authorization to the BUYER when the shipment is at discharge port;

15. BUYER verifies documents, dips and pay immediately by agreed instrument (MT103);

16. SELLER transfers Title to BUYER's designated Bank after confirmation of payment; 

SPOT PROCEDURE

1. BUYER issues LOI

2. SELLER sends FCO

3. BUYER approves, signs the FCO and send it back to SELLER plus an ICPO with full banking details and buyer title, nationality and passport number and a BCL (BCL is required only if MAZUT);

4. SELLER issues the Commercial Invoice (CI) and the Commitment Letter (CL) for signature and seal by the BUYER;

5. BUYER signs and seals the Commercial Invoice (CI) and returns it to the SELLER;

6. BUYER and SELLER lodge the FCO, CI and NCNDA/IMFPA to their respective banks;

7. Within 5 (Five) banking days, BUYER issues an irrevocable bank guarantee instrument in the format of any of the following forms –irrevocable BG or irrevocable MT760 or irrevocable irrevocable SBLC or irrevocable DLC. The amount of the of the instrument will be 100% of the SPOT shipment;

8. Within 5 (Five) banking days, SELLER provides full POP to BUYER's Bank. The POP will include: Copy of license to export, issued by the department of the Ministry of energy, Copy of approval to export, issued by the Department of the ministry of Justice, Copy of availability of product, Copy of refinery commitment to produce the product, Passport bargain number, Allocation passport certificate issued by the ministry of energy, Copy of Port Storage Agreement;

9. Within 5 (Five) banking days, SELLER informs the BUYER when the product will be available for lifting;

10. SELLER supplies SGS Report, Tank Storage Receipt (TSR) and Dip Test Authorization to the BUYER when the shipment is at discharge port;

11. BUYER verifies documents, dips and pay immediately by agreed instrument (MT103);

12. SELLER transfers Title to BUYER's designated Bank after confirmation of payment;

Note:

(1) From now on, if an ICPO, LOI, RWA, or BCL is issued and the document is not real, the Seller will be able to inform the FBI, ICC, and INTERPOL. In addition, after an FCO is sent to the Buyer, there should be a formal answer to Seller from Buyer.

(2) Any issued SCO or FCO will be addressed only to the buyer; no other names will be accepted. In case of fraudulent usage, the soliciting company indicated on the FCO will be reported to the FBI, ICC, and INTERPOL.

(3) Any offer (SCO, FOC) sent by the seller has 7 days validity from date of issuing.

(4) If there’s no response from the Buyer in a timely manner, the buying company will be reported to the FBI, ICC, and INTERPOL.

(5) When signed by both parties, Full Corporate Offer, Commercial Invoice and Contract are legally binding all the parties as per the terms and conditions indicated in these documents. Any non-performing buyer will be systematically reporting by the seller to the FBI, ICC, and INTERPOL.

PLEASE ASK FOR SPECIFICATION OF:
- D2
- JP54
- D6 Virgin
- Mazut Generic
- Etc