Product Description

"D2 DIESEL OFFER"

RUSSIAD2 GAS OILGOST 305-82

Quantity: Minim um 50,000MT Maximum 500,000MT

CIF Price: $240 GROSS / $230 NET FOB:

Price: $230 GROSS / $220 NET

Commission: $5 / $5

STANDARD TRADING PROCEDURES

1. Buyer issue ICPO to seller.

2. Seller issues Draft Contract and Commercial Invoice for buyer to countersign upon acceptance of the terms and conditions.

3. Seller sends to buyer, Commitment to Supply and Product Availability in Storage Reservoir, Product Passport, Transneft Contract ( To pump the product from refinery to loading ports),Certificate of Origin and Company Registration Certificate.

4. Buyer endorse the tank storage agreement (TSA) with the hired tank facilitator of the respective port tank farm nominated by buyer or seller. Buyer has right to nominate its own tank farm. Buyer pays the tank fee to the tank farm to enable seller Pump/Inject the product into the tank

5. Seller issue Dip-Test Authorization to buyer.

6. Upon successful dip test vessel departs to buyers destination port (shipping cost paid by seller)

7. Upon successful arrival to buyer’s discharge port, buyer performs Q&Q and makes payment by MT103 T/T wire transfer for the total product available.

8. Seller pays commission to seller side intermediaries involved in the transaction