Product Description

DIESEL GASOIL PPM **0

PRICE CIF ASWP:GROSS$ **0/NET $ **0

ORIGIN:Russia

PAYMENT:Negotiable, (MT**3/TT/DLC)

LOADING PORT: Any Russia port/Rotterdam

INSPECTION:Quality and Quantity by SGS or Equivalent

COMMISSION:(Per Metric ton *0) Cif/

QUANTITY:Monthly Delivery MINI *0,**0 MT- MAXI **0,**0

CIF TERMS AND PROCEDURE

1. BUYER ISSUES IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO) WITH SELLER PROCEDURE.

2. SELLER ISSUES FCO/CONTRACT TO BUYER, BUYER COUNTERSIGNS AND SENDS BACK TO SELLER.

3. SELLER SIGNS AND SEAL THE DRAFT CONTRACT AND SEND BACK TO BUYER.

4. SELLER LEGALIZE/REGISTERS AND NOTARIZES DRAFT CONTRACT WITH THE VARIOUS MINISTRIES ON SELLERS EXPENSE AND SEND THE LEGALIZED COPIES TO BUYER.

5. SELLER AND BUYER FINALIZE WITH SHIPPING COMPANY FOR THE DELIVERY OF THE PRODUCT TO BUYER DESTINATION PORT (CHARTER PARTY AGREEMENT),SHIPPING COST WILL BE PAID BY SELLERAND BUYER (*0%/*0%) AND THE COST WILL BE DEDUCTED FROM THE TOTAL COST OF THE FIRST LIFTBEFORE BUYER ISSUES DLC FOR THE FIRST LIFT.

6.SHIPPING COMPANY CONFIRMS THE PAYMENT AND SELLER/SHIPPING COMPANY ISSUES THEFOLLOWING DOCUMENTS TO BUYER: CERTIFICATE OF ORIGIN OF THE PRODUCT ISSUED BY THE CHAMBER OF COMMERCE, REFINERY LICENSE TO EXPORT, STATEMENTOFPRODUCT AVAILABILITY,PRODUCT PASSPORT, SELLER COMMITMENT TO SUPPLY THE PRODUCT, TANK STORAGE AGREEMENT/RECEIPT (TSA/TSR).

7. BUYERS BANK SWIFT FINANCIAL INSTRUMENT TO THE SELLERS BANK FOR THE TOTAL COST OF THE FIRST LIFT AFTER DEDUCTION OF THE *0% COST PAID TO THE SHIPPING COMPANY.

8. SELLERS BANK SWIFT TO BUYERS BANK 2% PERFORMANCE BOND GUARANTEE AND THE FULL PROOF OF PRODUCT.(POP), AND BUYER CONDUCT DIP TEST FOR THE IMMEDIATE LIFT.

9.SHIPPING OF THE PRODUCT WILL COMMENCE AS AGREED BY BUYER AND SELLER.

*0. WITHIN 5 BANKING DAYS OF VESSEL ARRIVAL AT BUYER DISCHARGE PORT, BUYER RELEASE THE FULL PAYMENT OF THE PRODUCT, SELLERS BANK RELEASE THE COMMISSIONS TO THE INTERMEDIARIES.