Russian Petroleum Products CIF ASWP (YM-C001)

(Offer Code: YM-C001)

Russian Petroleum Products CIF ASWP

Grade: Russian Export Grade

Origin: Russian Federation

Incoterms: CIF ASWP

Contract Term: 12 months minimum (with rolls and extensions) 

Payments Term: SBLC MT760 / DLC MT700 / MT103

Inspection: By SGS/CIQ

PRODUCT LIST AND PRICE

DIESEL GAS D2 OIL GOST 305-8250 / DIESEL FUEL EN590 (10PPM) USLD
Quantity: From 20,000 - 200,000 Metric Tons Per Month
CIF Price: Gross USD 240 / Net USD 230 Per MT

D6 VIRGIN FUEL OIL
Quantity: From 100,000,000 - 800,000,000 Gallons Per Month
CIF Price: Gross USD 0.68 / Net USD 0.64 Per Gallon

AVIATION KEROSENE COLONIAL GRADE 54
Quantity: From 500,000 - 2,000,000 Barrels Per Month
CIF Price: Gross USD 32 / Net USD 28 Per Barrel

MAZUT- M100 GOST –10585-75 & 10585-99
Quantity: From 20,000 - 200,000 Metric Tons Per Month
CIF Price: Gross USD 130 / Net USD 120 Per MT

JET FUEL JPA1 (AVIATION KEROSENE COLONIAL GRADE A1)
Quantity: From 500,000 - 2,000,000 Barrels Per Month
CIF Price: Gross USD 30 / Net USD 26 Per Barrel

ESPO CRUDE OIL
Quantity: From 25,000 - 100,000 Barrels Per Month
CIF Price: Gross USD 28 / Net USD 24 Per Barrel

LIQUIDIFIED NATURAL GAS (LNG)
Quantity: From 50,000 - 100,000 Metric Tons Per Month
CIF Price: Gross USD 180 / Net USD 170 Per MT 

GASOLINE 93 OCTANE RUSSIAN ORIGINS AND 89, 87, 95
Quantity: From 50,000 - 100,000 Metric Tons Per Month
CIF Price: Gross USD 120 / Net USD 110 Per MT

RUSSIA EXPORT BLENDS CRUDE GOST 51858-2002
Quantity: From 50,000 - 500,000 Barrels Per Month
CIF Price: Gross USD 26 / Net USD 22 Per Barrel

LIQUIDIFIED PETROLEUM GAS (LPG) GOST: 20448 – 90
Quantity: From 50,000 - 100,000 Metric Tons Per Month
CIF Price: Gross USD 175 USD / Net USD 165 Per MT

FURNACE CST-180, CST 280 - CST 380 FUEL OIL
Quantity: From 50,000 - 500,000 Metric Tons Per Month
CIF Price: Gross USD 120 / Net USD 110 Per MT

AUTOMOTIVE GAS OIL (AGO)
Quantity: From 50,000 - 100,000 Metric Tons Per Month
CIF Price: Gross USD 180 / Net USD 170 Per MT

CIF ASWP TRANSACTION PROCEDURE (OPTION 1)

1.      Buyer confirms SCO and issues an official ICPO inserting seller’s terms and procedures.

 

2.      Seller issues FCO for buyer’s signing, buyer returns signed FCO and a letter of procedures acceptance.

 

3.      Seller issues draft contract/SPA which is open for amendments.

 

4.      Buyer returns the signed draft contract with NCNDA/IMFPA and a letter of guarantee to perform.

 

5.      Seller submits the signed SPA for registration and legalization with the appropriate authorities.

 

6.      Seller sends the registered/legalized contract hard copies with the below listed partial pop documents to buyer via government secured courier service or mail, on buyer choice.

a)     Export license certificate

b)     Statement of availability of product

c)     Commitment to supply the product

d)     Certificate of origin

e)     Analysis test result

 

7.      Buyer within 7 banking days issues DLC swift MT700 or SBLC swift MT760 according to Seller's fiduciary bank verbiage to seller nominated fiduciary offshore bank account for first month shipment, and whereby buyer fail to issue payment instrument within 7 banking days, buyer will make cash deposit of $270, 000 by TT wire transfer for allocation and security guarantee to enable seller charter vessel and commence shipment, and this payment shall be deducted from the total cost of product after inspection at discharge port.

 

8.      Seller bank issues the full set of proof of product (pop) and shipping document's with 2% PB (Performance Bond) to buyer’s bank. QQ Certificate & Product passport docs, all will be issued on time.

 

9.      Shipment commences immediately as scheduled in the contract.

 

10.   Buyer pays for the total product value via TT/MT103 to the seller's bank after successful SGS/CIQ inspection at discharge port and tittle of product ownership transferred to buyer.

 

11.   Seller pays all intermediaries involved in transaction as per signed NCNDA/IMFPA within 72 hours.

CIF ASWP TRANSACTION PROCEDURE (OPTION 2)

1.      Buyer issues ICPO must be with buyer company letterhead and buyer banking information.

 

2.      Seller issues Draft Contract (open for any amendments) to Buyer. Buyer signs, seals and returns the Draft Contract to Seller for final endorsement with buyer’s company Information sheet CIS and buyer’s identity. Seller gives Partial proof of products and transports product to loading port.:

a)     Refinery Commitment to Supply

b)     Certificate of Origin

c)     Statement of availability of product

d)     Product quality passport (Analysis test Report) By Russian standard gost R

 

3.      Within 5 banking days, Buyer’s bank sends Transferable or nontransferable Irrevocable Operative SBLC via MT760 or DLC via MT700 according to seller’s fiduciary bank verbiage to seller nominated fiduciary offshore bank account for first month shipment.

 

If buyer fails to issue payment instrument within 5 banking days, buyer will make cash deposit of $ 300,000 by TT wire transfer for allocation and security guarantee to enable seller charters vessel and commences shipment, and this payment shall be deducted from the total cost of product after inspection at discharge port.

 

4.      Seller’s Bank will issue Full POP Documents to the Buyer’s Bank alongside with the 2% Performance Bond (PB).:

a)     Copy of license to export, issued by the department of the Ministry of Energy, Russian Federation.

b)     Copy of Approval to Export, issued by the Ministry of Justice, Russian Federation.

c)     Copy of statement of availability of the product.

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

e)     Copy of Transnet contract to transport the product to the loading port.

f)      Copy of the port storage agreement.

g)     Copy of the charter party agreement to transport the product to discharge port.

h)     Copy of Vessel Questionnaire 88.

i)       Copy of Bill of Lading.

j)       SGS Report at loading port.

k)     Dip test Authorization (DTA) & ATB.

l)       NOR /ETA.

m)   Certificate of Ownership Transfer.

n)     Allocation Transaction Passport Code Certificate (ATPCC) by Ministry of Energy.

 

5.      Shipment commences as per signed contract delivery schedule and the shipment should arrive at buyer’s discharge port within 5-25 days. The SGS inspection will be borne by the Seller at the loading seaport and Buyer at the unloading seaport.

 

6.      Buyer releases payment to Seller by TT/MT103 upon receipt of the shipping documents and confirmation of the Q & Q by SGS/CIQ at destination port.

 

7.      Seller pays commission within 48 hours by swift MT103 to all intermediaries as signed NCNDA/IMPFA.

CIF ASWP TRANSACTION PROCEDURE (OPTION 3)

1.      Buyer sends LOI or ICPO to seller, seller responds with FCO, buyer signs and returns.

 

2.      Seller issues Draft Contract address to Buyer Company.

 

3.      Buyer reviews and signs on each page of full Draft Contract and return to Seller.

 

4.      Seller registers and legalizes the full Draft Contract with the Russian ministry on seller's cost and sends hard copies of registered and legalized Draft Contract along with Notarize partial POP to Buyer or buyer’s bank by courier on buyer charges, POP as stated below.

a)     Certificate of Origin of the product

b)     Company Registration

c)     Statement of Product Availability

d)     Export License

e)     Commitment to produce the product

f)      Attestation of allocation certificate

g)     Bill of lading / Q88

h)     Analytical report, fresh SGS

 

5.      Upon the confirmation received of the partial POP to buyer's bank, Buyer’s Bank swifts stand by Letter of Credit or DLC. (DLC OR SBLC Conditional).

 

6.      After confirmation of the buyer payment instrument, Seller will issue to Buyer’s bank the full Shipment documents / full Proof of Product (POP) Plus 2% Performance Bond via swift bank to bank Upon acceptance of buyer’s payment instrument (DLC OR SBLC) covering the first trial shipment by seller.

 

7.      The SGS inspection will be borne by the Seller at the loading seaport and Buyer at the Discharge Seaport.

 

8.      Shipment commences as per contract.

 

9.      Buyer’s bank upon arrival of the cargo at the discharge port, payment will be made for arrival Cargo shipment by the buyer via MT103 100% after SGS Inspection at Discharge port.

 

10.   Seller will release payments to the intermediaries involved according to IMFPA signed by all parties within 48 hours of receiving Payment of the product from the Buyer's bank, second shipment proceed accordingly.

CIF ASWP TRANSACTION PROCEDURE (TTM PROCEDURE)

1.      Buyer sends Corporate Profile and Letter Of Intent with Buyer’s Banking Coordinates included for soft prob/vetting.

 

2.      Seller’s Attorney sends Buyer, full vetting documents for Buyer to fill, sign and revert with issuing Bank RWA letter for endorsement.

 

3.      On Seller’s final vetting and approval, Seller invites the Buyer or Buyer’s representatives to their Administrative Office for a Face-To-Face TTM.

 

4.      Seller issues the Sales and Purchase Agreement (SPA) alongside with all POP documents at the Seller’s Administrative Office (Face-To-Face TTM).

 

5.      Product is shipped and delivered CIF to ASWP of Buyer’s choice.

 

6.      Buyer conducts SGS inspection at discharge port on Buyer’s expense.

 

7.      Buyer pays 100% of shipment value by MT103 against presentation of full shipping documents and confirmation of the Q & Q by SGS/CIQ at the discharge port.

 

8.      Seller Attorney pays commission within 48 hours by SWIFT MT103 to all intermediaries involved in the transaction as signed in the NCNDA/IMFPA.

 

9.      After a successful First Trial Shipment, Buyer issues an SBLC or RDLC for Monthly Shipment Value Minimum of 12 Months.

 

Note:

·     Prices are subject to change without prior notice.

·     Procedures are non negotiable. 

·     No upfront payment, 100% transparency, end to end Buyer and Seller Bank to Bank.

·     Face-To-Face (TTM) for Buyer or Representatives or Authorized Person(s) is Mandatory at the Refinery Administrative Office, no issuing of POP documents via internet/mail.

For inquiry, please contact us for further proceed.