Petroleum Products (Sellers) Published date: November 10, 2017
Modified date: November 11, 2017

Product: Diesel L-0,05-62 GOST 305-82
Origin: Russian Federation
Quality: Standard export Quality (GOST 305-82)/in accordance with the specification
Total quantity: XX,XXX,XXX MT per year/XX,XX MT per month
Contract duration: 12 (twelve) month with possible rollovers and extensions
Delivery: CIF Buyer's Port
Loading port: On the terms of the Seller
Price: Platt’s ????????? minus discount USD $_ per bbl/plus bonus USD $_ per bbl
Payment: FFL/C
Payment procedure: According to the terms of the purchase contract
Inspection: SGS or similar by Buyer
Commission: Paid by the Buyer

PROCEDURE CIF BUYER'S PORT

1. Seller issues an Invoice of the Total amount of the First Delivery after Buyer has issued ICPO with Buyer's Banking Coordinates.

2. Buyer signs the received SPA and returns it to the Seller.

3. Buyer and Seller transfer the electronically signed the present Contract to their Banks

4. Within Ten (10) Banking days, Buyer's Bank sends to Seller's Bank the Operative, Fully Funded cash-backed Letter of Credit (FFL/C) for the Total Amount in full accordance with the approved verbiage between Banks in Seller's Bank.

5. Upon receiving the signed contract and the FFL/C, Seller confirms the Reservation of the quantity, Price and Invites the International Inspection Agency for the dip test of the product.

6. Within Ten (10) banking days after received the FFL/C, Seller issues the Passport Deal and sends by Swift Confirmation Warranty of documents of the Proof of Product:
a. Company Registration Certificate;
b. Passport Certificate of the Product;
c. Certificate of Availability of the Product;
d. SGS issued at Loading Port;
e. Tank receipt;
f. Copy of refinery commitment to produce the product;

7. Within fifteen (15) days after confirmation by Seller's bank of the Receiving of LC, Seller commences delivery of product according to the present contract.

8. The Seller gives the Buyer at the port of discharge the following documents:
a. Copy of refinery commitment to produce the product;
b. Company registration certificate;
c. Passport Certificate of the product;
d. Bill of Lading;
e. Certificate of SGS or similar inspection issued at the loading port;
f. Tank Receipt where the product will be stored;
g. Pre-injection receipt;

9. After successful verification of POP documents, Buyer provides to Seller at the port of discharge with the Tank Storage Receipt (TSR) or the Tanker (Q88) (Floating storage) and Authorization to Inject (ATI) to Seller.

10. The Buyer may, in any case and without any express support from the Seller, perform the certification of the product in the vessel that transports the goods in International Waters.

11. Seller begins to Inject product into Buyer's tank or tanker, SGS or similar inspection checks Q&Q of the Injected product and Buyer pays to Seller for product and simultaneously the commission to the intermediaries according NCNDA&MFPA.

12. Seller transfers ownership of product in Buyer's name.

13. After successful delivery of the first monthly shipment of product, Buyer transfers the full amount of the following month delivery to maintain the FFL/C and contract continues for subsequent months subject to this contract.

• Company Name: ADWENPA CONSULT
• Country: GHANA

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