Product Description

D2 GAS OIL L*0.2/*2, GOST *****2
Diesel Gas Oil Ultra – Low Sulphur Diesel *0 ppm
Low Sulphur Diesel *0 ppm
Automotive Fuel Diesel Oil En**0

STANDARD BANKING PROCEDURES FROM OUR RUSSIAN REFINERY

1) Buyer confirms soft corporate offer and issues an ICPO/LOI with NCNDA-IMFPA to AOR.

2)  OIL REFINERY issues FCO to buyer.

3) Buyer sign seal and return FCO with acceptance letter to Refinery.

4)  OIL REFINERY issues draft contract opens for amendments to buyer.

5) Buyer makes amendments if any, sign and return Draft Contract to OIL REFINERY for review and acceptance.

6) OIL REFINERY issues approved draft contract.

7) Buyer obtain the Transaction Allocation Passport Purchase Code Certificate (TAPPCC) and Export Clearance
Affidavit (ECA) of the contract, it give’s buyer the legitimate approval to purchase the product from Russian Federation.

8) OIL REFINERY sends/issues the hard copies of the contract along with the Partial POP to the buyer/buyer’s bank via Courier Service for buyer’s review.

9) Buyer’s Bank open swift communication with the seller’s bank in readiness to receive the Full POP from the seller’s
Bank.

*0) OIL REFINERY Bank swifts FULL POP and other relative documents to the Buyer’s Bank. Below are the POP Documents to be swift via bank to bank:

a. Copy of License to Export issued by the department of the Russian Ministry of Energy,

b. Copy of Approval to Export issued by the department of the Russian Ministry of Justice.

c. Copy of statement of availability of the product.

d. Copy of the refinery commitment to produce the product.

e. Copy of the Pipeline Corporation contract to transport the product to the Loading Port.

f. Refinery Certificate of Product.

g. Copy of the port storage agreement.

h. Copy of tank storage receipt.

i. Dip Test Authorization Letter

j. Copy of SGS report.

k. Copy of the charter party agreement(s) to transport the product to discharge Port.

*1) Buyer’s Bank confirms SWIFT and issues any of MT **3/*3/RDLC/SBLC/BG to  OIL REFINERY Bank.

*2)  OIL REFINERY Bank issues 2% performance bond to activate the financial instrument, and should Refinery default, the 2% will be paid to the Buyer/Intermediaries as compensation

*3) Upon completion of all verification, shipment and delivery commences as per Sales and Purchase Contract Agreement.

*4)  OIL REFINERY releases payment to all intermediaries/Agents via T/T wireless transfer within **7 banking days after discharge and receipt of all relevant shipping documents.