Russian D2 Oil (Gost 305-82)

We work direct with the seller to offer supply contracts of Russian D2 (GOST 305-82) at fixed price.

Origin :       Russia

Quantity :    Min 500,000MT x 12mths, CIF

Price :         USD450 per MT

Payment Terms:

<!--[if !supportLists]-->A)    <!--[endif]-->Transferable Revolving DLC (TRDLC) at sight (TT 7days is also acceptable);

<!--[if !supportLists]-->B)    <!--[endif]--> BG or SBLC (posted at European Euroclear) of 1 month shipment value valid for 13months as Payment guarantee;

<!--[if !supportLists]-->C)    <!--[endif]--> Buyer Bank must be Top Prime 25 World banks (Western European or American)

P Bond :     2% by Seller

PROCEDURES

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1.           <!--[endif]-->Buyer issues official LOI (with bank name and address).

<!--[if !supportLists]-->2.           <!--[endif]-->Seller issues FCO and Buyer sign/seals & returns acceptance of FCO to Seller.

<!--[if !supportLists]-->3.           <!--[endif]-->Within 5 banking days Buyer issues ICPO and BCL (Without BCL, Soft Probe permission or RWA also acceptable).

<!--[if !supportLists]-->4.           <!--[endif]-->Seller/Buyer signs contract.

<!--[if !supportLists]-->5.           <!--[endif]-->Buyer bank issues color photocopy or scan of Unconditional, Callable, Transferable, Negotiable, Divisible and Assignable Bank Guarantee (BG) to Seller.

<!--[if !supportLists]-->6.           <!--[endif]-->Seller Bank after bank to bank verification of BG, issues to Buyer's Bank a Non-Operative PB 2% of 1-month supply.

<!--[if !supportLists]-->7.           <!--[endif]-->Seller Bank after verification of BG, within 21days SWIFT to Buyer bank the POP (except Charter Agreement).

<!--[if !supportLists]-->8.           <!--[endif]-->Buyer Bank, upon verification of POP, issues Hard Copy of BG, of 1 month supply, to an Escrow Lawyer jointly agreed by both parties.

<!--[if !supportLists]-->9.           <!--[endif]-->The Lawyer will release the Original Hard Copy to the Seller exclusively in the event of Default of the Buyer.

<!--[if !supportLists]-->10.       <!--[endif]-->Seller bank activates PB2%.

<!--[if !supportLists]-->11.       <!--[endif]-->Charter Party Agreement to be issued within 14days of Allocation Number reaching the Seller bank.

12.        After the Seller bank receives and confirms the color photocopy or scan of the Actual BG, within 45working days, Seller proceeds to start loading based on the received and confirmed RDLC for One (1) month supply, port of delivery, import license and other related documents from the buyer.