MAZUT 100 GOST 10585 RUSSIAN ORIGIN
Product description
Product Description
MAZUT M100 GOST 1058575 / 99
Origin: Russia
First/Trial Lift/Shipment : 100,000 MT – 200,000MT
Succeeding lift/shipment : 200,000MT 500,000MT Per Month x 12 months
Price (CIF) : USD220/210 Per MT, CIF ASWP
TRIAL ALLOCATION:
1 ICPO PER PRODUCT. AND THIS IS URGENT.. ALLOCATION LIMIT BASIC CIF
COMMERCIAL PROCEDURE (ANNUAL CONTRACT CIF ASWP)
1. Buyer issue ICPO to Seller with full banking information /details.
2. Seller issues FCO, Buyer sign the FCO and the acceptance of the term and
procedures to the Seller's Company.
3. Seller provides Draft Contract to Buyer to revise and confirm by initial.
Buyer and Seller sign contract via electronic mail, which shall be deemed
legally binding and enforceable, each lodge contracts with their respective
banks. NCNDA & IMFPA will be signed and endorsed for the protection of all
intermediaries involved in the transaction.
4. Before contract proceeds to the ministry, the Buyer would be requested
necessary documents required to register the contract. The following List of
Documents: needed:
a) Copy of Tax Registration Certificate,
b) Copy of Registration Certificate of Legal Entity (Certificate of
Incorporation),
c) Passport data page copy of the company representative
All documents are to bear a company stamp and a chief executive's signature.
5. Seller registers and legalizes the hard copy contract with the Ministry of
Energy Export Control Department. (Costs/Expenses by Seller).
6. Seller sends Soft/Partial Proof of Product to Buyer open for verification
by the Buyer. The Partial POP includes the following documents:
a) Export License Certificate
b) Certificate of origin
c) Statement of product availability
d) Refinery commitment to produce / supply the product.
e) Certificate of Conformity
f) Product Passport (DIP Test Result)
g) Tank Storage Receipts (TSR)
h) Company registration certificate
i) Monthly Commercial Invoice
7. Seller proceeds and acquires PAC/Certificate of ownership of the
transaction from theMinistry of Energy Export Control Department Russian
Federation(Costs/Expenses by Seller)
8. Seller's bank shall notify the Buyer's bank that they are willing and
ready to issue a nonoperative 2% performance bond to Buyer's bank, the 2%
performance bond will be placed in the buyer's bank account, should the seller
fail to supply the cargo of the products this 2% PB will be paid to the buyer
and intermediaries accordingly as compensation.
9. Buyer issues the financial Instruments (DLC/MT700) in equivalence of the
first month cargo value within 5 (five) banking days after receipt of 2% PB
from the seller's company. This action makes simultaneously and automatically
the 2% performance bond from the seller's bank and the Financial Instrument
from the buyer's bank operative.
10. Seller pay for tariff cost for the transportation calculated by the
shipping company, and pays for Custom Clearance Duty Fee calculated by Custom
Department.
11. The SGS inspection will be borne by the seller's Company at the loading
port and Buyer at the Unloading port.
12. Seller's bank swift to buyer's bank the full Proof of Product (POP)
documents.
a) Copy of export license, issued by the ministry of Petroleum and Energy.
b) Copy of approval to export, issued by the ministry of justice.
c) Copy of statement of availability of the product.
d) Copy of the refinery commitment.
e) Copy of Transneft contract to transport the Product to the Port.
f) Copy of the Port Storage agreement/ Insurance.
g) Copy of charter party agreement to transport the product to discharge
port.
h) Copy of Customs clearance certificate.
i) Copy of the tank receipt issued by the storage facilitator.
j) Copy of SGS Report.
m) Dip test Authorization (DTA) & ATB
n) Bill of Lading
o) Vessel Questionaire / details
p) NOR / ETA
q) Insurance Policy
r) Title /Allocation Transfer Certificate
s) Transaction Passport
t) Attestation of Allocation certificate endorsed by Ministry of Energy >>
13. Shipment commences as per contract and the shipment should arrive at
Buyer's discharge port within 3045 days after the Financial Instrument
received by the seller's bank.
14. Within 35 days after SGS/CIQ inspection at Discharge Port, Buyer
releases payment by MT103 / TT wire transfer to Seller's Bank .
15. Buyer release payment to all intermediares involved within 2448 hrs as
per signed, agreed and endorsed MFPA.
Kindly send Buyer CP to move forward.
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