Product Description

SOFT OFFER RUSSIAN GAS OIL D2, GOST *****2 (Pay by RDLC) Valid until December *7th ***8 WE, XXXXXXXXXXXXX, CONFIRM THAT WE ARE READY WILLING : 1. PRODUCT : RUSSIAN GAS OIL D2, GOST *****2. 2. ORIGIN : Russia. 3. SPECIFICATION : Based on Standard Specification see ANNEX “A”. 4. QUANTITY : **0, **0 (One Hundred Thousand) Metric Tons per Month. 5. CONTRACT : Twelve (*2) months with rollover and extension up to *0 months. 6. INSPECTION : By SGS/CIQ or equivalent Survey company. 7. CONFIRMATION: The order is confirmed after the Seller receives and accepts IRREVOCABLE, CONFIRMED PURCHASE ORDER (ICPO) 8. BUYERS : Permit to Import, Signed End User Allocation and Import 9. PRICE (FIXED) : USD **5.*0 (Four Hundred Fifteen U.S. Dollars) NET USD **5.*0 (Four Hundred Twenty Five U.S. Dollars) GROSS aswp Page 1 of 3 This offer remains valid for 5 banking days after date of issue – Conditions may change at any time *0. TERMS OF PAYMENT : Monthly Payment by Irrevocable, Confirmed Revolving Documentary Letter of Credit (RDLC). *1. LAYCAN : For the first delivery shall be at the loading port nominated by the Seller within Forty Five (*5) working days from the date of Positive Verification, Authentication, and Validation of the RDLC. PROCEDURES 1. Buyer sends an “Irrevocable Corporate Purchase Order (ICPO) with full banking information and Soft Probe. 2. Upon Seller’s acknowledgement, Seller sends FCO by e-mail through Seller’s Official Mandate or directly to Buyer. 3. Buyer returns signed and sealed FCO with acknowledgement to Seller of which upon acceptance of draft contract, Buyer and Seller sign the contract. 4. Buyer issues the wording of payment instrument (RDLC) to the Seller for verification and acceptance. 5. Buyer’s and Seller’s Banks communicate and agree on the final wording of RDLC. 6. Buyer’s Bank sends pre-advice of RDLC to the Seller’s bank. 7. Seller’s bank issue to buyers bank the Proof of Product. (POP). 8. Buyer’s bank sends Non-operative RDLC to the Seller’s bank. 9. Seller’s bank issues 2% of PB to the Buyer’s bank, which automatically activiates the RDLC.