Description

Russian Origin Diesel fuel (D2) GOST *****2 TERMS, CONDITIONS & PROCEDURES FOR ANNUAL CONTRACTS PRODUCT: Diesel fuel (D2) L*0.***2, GOST *****2. SPECIFICATION: As per Annex A ORIGIN: Russia QUANTITY: From *0, **0 MT per month TERM: *2 months with rolls and extensions. DELIVERY: CIF ASWP (INCOTERMS ***0). PRICE: The base price of the Goods (Pg) is understood on the base CIF ASWP, fixed in US Dollars per one MT and defined on the basis of publications "Platt&#**9;s European MARKETSCAN" as average of the mean quotations for diesel Fuel under the heading “FOB Med (Italy)" for Gas oil for three days (day before Bill of lading date, Bill of lading date, day after Bill of lading date). The base price of the Gas oil (diesel fuel) is calculated by the formula Pg - d, where (d) is equal to the discount offered. DISCOUNT: * Gross $*2.*0 USD / *Net $*0.*0 USD per MT to the buyer, for Two (2) months of BG or SBDLC. * Gross $*2.*0 USD / *Net $*0.*0 USD per MT to the buyer, for One (1) month of BG or SBDLC. * Gross $*0.*0 USD / *Net$9.*0 USD per MT to the buyer, for One (1) months of ARDLC. * Seller will issue the discount for the final price in the Full Corporate Offer (FCO) COMISSIONS: Suggested commissions are **0% open and available to the “buyer’s” side. GUARANTEE OF PAYMENT: (BG / SBLC / ARDLC) BG (SWIFT MT**0 format) - Irrevocable, conditional under Contract D2, from Top *5 rated bank with term of validity **0 days, maybe with roll and extension. Value of BG (Bank Guarantee): must be the cost for the amount of Two or One months the supply of Goods. SBLC (Standby Letter of Credit) - Irrevocable, Revolving under contract of D2 from Top *5 Prime Bank for the term of validity **0 days. SBLC: must be with covering of cost for the amount of Two or One months the supply of Goods. ARDLC (Auto-Revolving Documentary Letter of Credit) - Irrevocable, Transferable, Divisible, Revolving to subsequent every two months under contract of D2 from Top *5 Prime Bank for the term of validity **0 days. ARDLC: must be with revolving of cost for the amount of One (1) month the supply of Goods payable at time of loading. PAYMENT TERMS: Payment for shipment for a period of one month must be done within three (3) banking days after unloading (only when using BG or SBLC as guarantee of payment) at Buyer’s port and upon presentation of invoice, reflecting the quantity received as well as the quality. The payment must be via SWIFT MT**3. PB GUARANTEE: PB 2% of sum of monthly shipment will issue Seller’s bank via SWIFT MT**0 INSPECTION: SGS or Similar independent inspection company at the loading port at Seller’s cost. PROCEDURES: 1. Buyer issues LOI / ICPO with full banking, with the acceptance in writing these procedures. 2. Seller issues FCO with full banking, and Buyer returns signed and sealed FCO to Seller. 3. Seller sends the Draft Contract to Buyer, and Buyer returns signed and sealed Draft Contract to Seller. 4. Buyer’s bank sends a notice via SWIFT MT**9 (Annex B), whose content only confirms readiness to that, after receiving POP from Seller’s bank, buyer’s bank will open the BG or issue the SBLC/ARDLC to Seller’s bank. 5. Seller sends four hard copies of the Contract by DHL, and Buyer returns two hard copies of the contract signed and sealed via DHL. 6. Seller’s bank sends the FULL POP ** via SWIFT MT**9 to the Buyer’s Bank. (Seller’s bank sends hard copies of POP via DHL to Buyer’s bank) 7. Buyer’s bank issues the SBLC/BG via SWIFT MT**0 (Annex C) or the ARDLC, and Seller’s bank issues 2% PB via SWIFT MT**0. 8. Delivery starts within ****5 days from the acceptance of the BG/SBLC/ARDLC by Seller’s bank, and payments via SWIFT MT**3 against represented shipping documents by Seller’s bank to Buyer’s bank. VALIDITY: Five days from today officially issued SCO ∗ Full POP consists of the following documents: Contract with Major Russian Oil Company, Confirmation of Resources from Major Russian Oil Company, Certificate of Origin, Certificate of Quality SGS and Passport of Transaction (Issued by bank for control of currency).