Petroleum Products (Sellers) Published date: July 27, 2019

We have an offer for JET Fuel JET A1 from Russia.
Quantity The total quantity of the Product to be sold and purchased under this Agreement is 12.000.000 BAREELS.. The monthly delivery is 1.000.000 Barrels for 12 months Totaling the amount of 12.000.000 barrels Plus/Minus 5%.The Monthly Supply will be delivered in accordance with the Delivery Schedule.
Price The contract price (“Contract Price”) shall be NEW PLATS CIF Code (PJAAUOO) minus 3 $/barrel net discount to buyer on CIF Basis to Rotterdam.The Parties agree that prices fixed in USD.
Selection of Delivery Port The Buyer shall select a Delivery Port for each shipment under this Agreement in the Selection Notice for that shipment.If the Buyer fails to deliver a Selection Notice to the Seller in accordance with clause above, the Delivery Port will be Rotterdam

Payment Process The purchased Product will be paid after discharge with the MT103 (payable within three days) to the bank account of the Seller promptly after transfer of the Payment Documents to the Buyer’s bank. The letter of credit remains as a guarantee for the duration of the contract. The draw on the letter of credit is due if buyer fails to pay with MT103 within three banking days.
The Buyer shall pay all invoices without offset, counterclaim or deduction after completion of unloading upon transfer of the Payment Documents. In the event that the payment due date falls on a banking holiday, then payment shall be made on or before the nearest preceding business day to the due date.

TERMS AND PROCEDURES FOR CIF ROTTERDAM

1) The Seller issues Full Corporate Offer (“FCO”) with terms and conditions.
2) The Buyer issues an ICPO (Irrevocable Purchase Order).
3) The Seller issues a draft contract of sale of goods (SPA) for possible amendments of approvals.
4) The Seller issues product Sales Purchase Agreement (SPA) & Pro-forma Invoice (“PI”)
5) The buyer returns the PI and SPA duly signed and sealed via email in PDF and word format.
6) The seller signs SPA, seals it and send to buyer by couriertogether with a supply guarantee from PDVSA with verificable allocation number.
7) Buyer issues a non-operative DLC / MT700 (covering one shipment) fully funded or any other guarantees to seller bank. Seller within 48 hours issues performance bond of 2% to activate the above payment instrument. This remains untouched as deal guarantee throughout the duration of the contract.
8) Seller gets approval from refinery, loading of product resumes; time frame will be estimated at 4-7 days (after payment guarantee is activated) for loading, and PPOP documents including IMO/MMS/Vessel(s) Name ,product passport and quality certificates ( refinery conducts dip test within 24 hours at loading port. ) are mailed to buyer.
9) Seller “LISEO GLOBAL LP”confirms readiness of registered vessel for LAYCAN and notifies the buyer.
10) Seller issues full original POP documents to buyer via courier. Seller notifies buyer of clearance for Vessel to set sail to buyer’s nominated port. Undertaking that all the costs to CIF Rotterdam waters is covered by the Seller LISEO GLOBAL LP Charter party, BL and ownership title will be transferred to buyer on receipt of payment at Off-loading Port in Rotterdam.
11) Payment with (TT) wire transfer will be within 3 days at discharge port, after SGS/SAYBOLT inspection.

Best regards,
Galina Materova
E-mail: ohremchuk@mail.ru
Whatsapp: +7(909)805-65-64

• Company Name: TransNeftExpert
• Country: Russia

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