PRICE: $117/115
4MM BBL LIFTABLE

CONTRACT PROCEDURES  

1.       The Buyer sends ICPO.

2.       Then Seller gives FCO with full seller company information. The Buyer signs, seals and sends back the FCO to the      Seller within max 72 hours.

3.       The Seller issues 12-36 months Contract and Commercial Invoice (CI) for the first lift to the Buyer.

4.       The Buyer returns signed and stamped Contract and CI to the Seller, and buyer’s bank swift RWA for total amount of the USD 460,000,000 to the seller’s bank.

5.       The Seller issues Dip Test Authorization (DTA), SGS Report & Tank Storage Receipts.

6.       Buyer performs Dip Test on quantity & quality and upon successful, will make payment via MT103/23.

7.       Transfer of Title and Shipment commences within 48 hours.

8.       Buyer shall open RDLC for the remaining of the 36 months.

9.       Seller will send the full set of the POP for the contract.

Price: Platt Minus $25/20

1. LOI + Buyer provides company website or Corp profile. Buyer bank provides tear-sheet to show capacity, or Seller can arrange Seller’s banking with same as Buyer bank to facilitate capability confirmation as soft probe.

2. Titleholder responds with their Processing Agreement with refinery showing they are the title holder on product.

3. Buyer puts an ADMINISTRATIVE HOLD (please note that this IS NOT AN INSTRUMENT) for one week's lift at their bank.

4. Titleholder responds, bank to bank, almost simultaneously, with FULL POP.

5. Buyer receives product in its tanks at Rotterdam within 2-5 business days and pays for product after a successful DIP TEST.

6. After a successful transaction, buyer can request a 12 month contract.

GAS OIL D2 L-0.2/62 GOST 305-82
RUSSIAN ORIGIN
Quantity: 200,000MT Trial entry quantity + 200,000MT/Month x 12 Months Contract
Price: $870 Gross $860 Net
Delivery: CIF ROTTERDAM

PROCEDURES:
1. Buyer confirm sale conditions and procedures with LOI + Company Profile
2. Seller issue SCO
3. Buyer issue ICPO
4. Seller issue FCO
5. Buyer return FCO approved
6. Seller send SPA open for buyer's amendments
7. Buyer and Seller lodge SPA with their respective Banks
8. Buyer's Bank send official BCL to Seller's Bank stating the Buyer's RWA to transact for the trial shipment and has financial capability to transact the monthly contracted quantity
9. Seller send CI
10. Buyer return CI approved
11. Seller send DTA + FULL POP for trial shipment
12. Buyer perform DTA and pay immediately by MT103/23
13. Buyer's Bank swift MT799 POF to Seller's Bank, copy to Seller
14. Seller swift FULL POP and issue 2% PB of the monthly amount in receipt of NON OPERATIVE IRDLC within 3 days to activate the IRDLC
15. Shipments commences as scheduled in the contract
16. Buyer pays for each consignement on received into the vessel by MT103/23
16. Seller pays commissions to Mandate and Intermediaries within one day by MT103 as agreed in the IMFPA by endorsement from Bank with also wired togheter with the IRDLC

Draft Contract ready

FOB Rotterdam
Price: Platt -50/40
100,000 Liftable
1,000,000 MT per month
Seller: Major Refinery Contract

Price: -8/6 USD
Port: US buyer must have Storage Tanks
Availability: December 17-22
Method: by Pipeline to buyer Tanks

Payment: CI, DIP & PAY after delivery to buyer Tanks

Price - Singapore Platts -11%
Origin - Russian