Description

ORIGINE: Russian Federation
Delivery: CIF ASWP with rollover & extension.
Price: Gross USD **0/Mt, Net USD **0/Mt
Maximum quantity:  **0,**0 MT/Monthly
Inspection: SGS test report will be conducted at loading port.
PAYMENT INSTRUMENT: DLC/ SBLC/ IRDLC/ BG/ T/T/, MT**3, at Sign.
LOADING PORT : Vladivostok/ Nakhodka port.
SHIPMENT METHOD: Via vessel.
PERFORMANCE BOND (PB): 2% to be issued by sellers banks in favour of the seller.
CIF SELLING PROCEDURE
1. Buyer send LOI/ICPO to seller
2. Seller will revert with Draft Contract addressed to buyer company along with the NCNDA for all intermediaries.
3. Buyer sign each page of  full contract and return to seller.
4. Seller pays for registration and legalization of the full draft contract to the Russian Ministry of energy.
5. Seller must send the Notarize partial POP to buyer through secured courier service.
 Certificate of origin.
 Refinery registration certificate
 Statement of product availability
 Export license.
 Commitment to produce the product.
 Attestation of allocation certificate.
 Bill of loading/ Q*8.
 Analytical report equivalent.
6. Upon the confirmation of the listed PPOP buyer bank swift stand by letter of credit (DLC or SBLC conditional.
7. After the confirmation of the buyer payment instrument, seller will issues to buyer bank the full shipment documents POP plus 2% PB, via swift bank to bank. Upon acceptance of buyer payment instrument (DLC or SBLC) covering the first trial shipment by seller.
8. The SGS inspection will be borne by seller at the loading  port and buyer at the offloading port.
9. Shipment commences as per contract.

*0. Buyers bank upon arrival of the cargo at the discharge port, payment will be made for the product by the buyer via MT**3 **0% after SGS inspection at discharge port
*1. Seller will release payments to the intermediaries involved within *8 hours of receiving the payment for the product from buyer bank signed.