Products
D2 GASOIL, GOST305-82, RUSSIAN ORIGIN
QUANTITY: Minimum50,000MT - Maximum200,000MT
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AVIATION KEROSENE COLONIAL GRADE,54 JETFUEL RUSSIAN ORIGIN
QUANTITY: Minimum 1,000,000BBLS - Maximum 5,000,000BBLS
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Mazut M100 Gost - 10585 - 99 , Russian Origin
QUANTITY: Minimum 50,000MT - Maximum 200,000MT
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MAZUT-100GOST–10585-75.RUSSIAN ORIGIN
QUANTITY: Minimum 50,000MT - Maximum 200,000MT
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D6 VIRGIN FUEL OIL- RUSSIAN ORIGIN:
QUANTITY: Minimum 50, 000 Metric Tons - Maximum 200, 000 Metric Tons
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LIQUIDIFIED NATURAL GAS,GOST 5542-87
QUANTITY: Minimum 20,000 MT - Maximum 50,000 MT
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GASOLINE 93 OCTANE, RUSSIAN ORIGIN
QUANTITY: Minimum 50,000MT - Maximum 100,000,000MT
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Crude oil from Middle East direct contract with the source
QUANTITY: Minimum 1MB per month 12 month contract - Maximum 5MB per month contract duration 36 months
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Crude oil from Nigeria. Our contract is direct with NNPC
QUANTITY: Minimum 1MB per month 12 month contract - Maximum 10MB per month contract duration 36 months
SELLER`S TERMS AND PROCEDURES NON-NEGOTIABLE
RUSSIA-PROCEDURES
SELLER`S PROCEDURES #1
- SCO is issued to buyer Buyer sends ICPO with full banking details.
- Seller issues FCO to Buyer to sign and return back
- Seller issues Draft Contract along with Commercial Invoice (CI), Buyer Signs and returns both to Seller for final endorsement (s) Seller confirms with Refinery commitment letter issue to Buyer.
- Buyer provides for Seller, Buyer’s vessel information and details Port Clearance through nominated vessel terminal.
- Seller issues the following documents to Buyer:
- DTA- Dip Test Authorization
- SHORE TANK RECEIPT
- INDIGENOUS ANALYSIS REPORT
- SGS Report of the Product upon confirmation of Buyer’s share tankage information and vessel port clearance by Seller’s bank.
- Buyer makes Payment by Non-Transferable/Transferable DLC or MT 103/23 on monthly Delivery Payable 100% at sight after presentation to the Buyer Bank full set of Documents required for payment.
- upon confirmation of buyer’s payment instrument, Seller’ issues the ACT of TRANSFER in Buyers Name, Title of Ownership Certificate to be followed by all Export Documentation.
- Buyer conducts Dip Test and lifting commerce and Buyer releases payment as agreed by both parties after the positive quality and quantity DIP TEST RESULTS.
SELLER`S PROCEDURES #2:
- Buyer confirms SCO and issue ICPO with full banking detail including, Buyer`s company profile, Buyers` passport copy, Buyers Company Registration Certificate.
- Seller issues FCO to Buyer to sign and return back.
- Seller issues Draft Contract to buyer open to amendment if any
- Buyer and Seller endorse the Final agreed Draft Contract.
- Seller Legalizes the Draft contract, and send the final approved contract to Buyer including documents via fax or secured email.
Tank receipt
Statement of product Availability of Product.
Product passport(dip test result)
Commitment to supply
Commercial invoice
Certificate of origin
Export License/Refinery Reg Certificate.
- Both Parties Lodge the Final Contract with their Respective Banks.
- Buyer bank within Seven (7) banking days, after receiving the PPOP documents Buyer’s bank issues, SBLC (Stand-By Letter of Credit) by MT760, BG MT760, MT103/72 for first lift from any 25 top prime world bank to Seller’s fiduciary bank account, and failure to confirm Buyer`s POF within the 7 banking days; Buyer becomes responsible for the Storage Reservation Charges on the stored products, pending the confirmation of the swift POF from Buyer`s Bank.
- Seller Bank issue a 2% PB (Performance Bond) via swift to buyer’s bank.
- Seller releases the shipping documents; Bill of Lading, Vessel Tanker Details, Vessel's Q88
- Shipment commences as per schedule.
- Upon arrival of the vessel at Discharge Port, the vessel captain will hand over all the original POP documents to the buyer's representative while buyer pays for the total contract after SGS, CIQ or equivalent inspection at the discharge port via T/T Wire transfer.
- Buyer releases payment to Seller upon confirmation of the Certificate of Q&Q at destination port.
13 Seller releases payment to all intermediaries involve as per the signed NCNDA/IMFPA.
SELLER`S PROCEDURE #3
- Buyer confirms SCO and issue ICPO with full banking detail including,
Buyer`s company profile, Buyers` passport copy, Buyers Company Registration Certificate
- Seller issues Full Corporate Offer which buyer endorses and returns.
- Seller issues draft contract open for amendments.
- Both parties confirm draft Contract by endorsing it.
- Seller submits the contract to the ministry of energy for registration, legalization and final approval.
- Seller send to buyer via secured email the legalize hard copy
Contract/partial POP;
Copy of the refinery commitment to produce the product;
Copy of Statement of Availability of the Product;( Refinery Affidavit)
Copy of License to export issued by the Russian Ministry of Energy;
Copy of Approval to export issued by the Russian Ministry of Justice;
Copy of the Charter Party Agreement to transport the commodity to discharge ports; Copy of Certificate of Origin issued by the Russian Chamber of Commerce
Copy of the port storage agreement;
- Buyer contacts the Sellers appointed shipping company to confirm the shipping Schedule and hire vessel that will convey the product to Buyers destination port which will be borne by both parties (Buyer/Seller), and the payment will be paid directly to shipping company via T/T wire transfer, and Buyers part payment will be deducted from the L/C value of the first shipment.
- Bill Of Lading.
- Vessel Details along with Q88
- Copy of tank storage receipt;
- Analytical Test Report, (Quality & Quantity) which is Equivalent to SGS.
- Upon the receipt of the above listed Shipping Documents, Buyer’s Bank replies with the payment instrument
SBLC/MT760, BG/MT760, MT 103/23, to activate Seller’s 2% Performance Bond. - Delivery Commences as Scheduled.
- Upon arrival of the vessel at Discharge Port, buyer releases payment for the total shipment after SGS, CIQ or equivalent inspection at the discharge port via MT103, T/T Wire transfer.
- Seller will release payments to the intermediaries involved within 48 hours of receiving the Payment, for the product from the Buyer’s bank.
SELLER`S PROCEDURE #4
- Buyer issues Irrevocable Corporate Purchase Order (ICPO) with seller procedures.
- Seller issues the Take Over of contract Addendum for review and endorsement by all parties.
- Seller issues Proof of Product and Shipping documents as listed below:
Certificate of Origin Company License to Export Product Passport (Dip Test Result) Bill of Lading Vessel's Q88 Invoice for Title Transfer
- Upon receipt of the above documents by the buyer, buyer makes payment for the Title transfer of the vessel directly to the Refinery via T/T Wire transfer
- Upon receipt of the above payment of the vessel Title transfer, the Ownership Certificate will be issued and remaining Proof of Product and shipping documents will be sent to the buyer alongside the SGS Report at the loading port while the course of the vessel will be re-routed to the current buyer’s discharge port.
- Upon arrival of the vessel at Discharge Port, the vessel captain will hand over all the original POP documents to the buyer's representative while buyer pays for the total contract after SGS, CIQ or equivalent inspection at the discharge port via T/T Wire transfer and the re-routing fee will be deducted while offloading will commence immediately.
NOTE:
All parties shall respect and abide with the commercial terms, on approval from refinery`s Board and will be protected including all rolls-over and extensions of any (SPA) bearing the same parties and Original Transaction Code.
This CORPORATE SOFT Ref №: TGOI-LTD/00921123 is for the exclusive benefit of the addressee only. This SCO can be amended on Seller/Buyer agreement.