Detailed Product Description

REFINERY DIRECT

D2 $ 574 - $ 610

MAZUT $ 320 - $ 340

REBCO $ 81 - $ 84

JP54 $ 87 - $ 100

Payment : To be agreed by PPT and Buyer.

Inco terms : CIF ASWP

Inspection : SGS, CCIC or Similar by PPT

Country of origin : Russian Federation

APPROVED BANKING PROCEDURES

1. SELLER issues Soft Offer to the Representative of the Buyer then Buyer sign and seal to accept Soft Offer. (Gross and net price)

2. SELLER will issue NCNDA/IMFPA to the buyer and buyer must full fill and completed all information with sign and seal NCDNA/IMFPA then send back to SELLER via E-mail.

3. SELLER will send draft ICPO to buyer with the Petroleum Provider Addresses with the Net price and buyer issue ICPO direct to Petroleum Provider Address with the Net price with Full Banking details and must be accompanied with the Buyer’s Full details and a copy his international passport (Data Page) to SELLER by E-mail.

4. Petroleum Provider countersign and verify all Documentations before issuing the FULL CORPORATE OFFER. And will send FULL CORPORATE OFFER to buyer SELLER then Buyer signs and returns FULL CORPORATE OFFER to Petroleum Provider via SELLER by E-mail.

5. The Petroleum Provider issues draft contract initials on every page, signs and seals and send it to the Buyer for Buyer’s signature and seal (with amendments if any) then Buyer counters sign and seals the draft contract and sends to Petroleum Provider via SELLER by E-mail.

6. The Petroleum Provider sends the Final Approved Contract to the Buyer with the Draft Official Letter of Acceptance via SELLER E-mail. Then Buyer issues an Official Letter of Acceptance to The Petroleum Provider via SELLER by E-mail.

7. Refinery/ The Petroleum Provider issues the Affidavit (stating the transfer of Allocation to Buyer), Product Passport (Report Analysis) and the Official Commitment to Supply to the Buyer via SELLER by E-mail.

8. Buyer issue Conditional MT103/23 or Irrevocable, Confirmed, Transferable and Operative LC (covering the total value charge of the first Shipment) to the Refinery Nominated Banking Coordinates, within five (5) banking days after receipt of the

a. Affidavit(stating the transfer of Allocation to Buyer)

b. Product Passport (Report Analysis)

c. The Official Commitment to Supply.

9. The Petroleum Provider’s bank Swift the FULL POP (Proof of Product) and operative 2% PB to the Buyer’s Bank. The Petroleum Provider’s bank will providing the following documents as FULL PROOF OF PRODUCT:

a. Copy of license to export, issued by the department of the ministry of energy.

b. Copy of approval to export, issued by the department of the 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 contract to transport the product to the loading port.

f.  Refinery Certificate of Product. (SGS report, Tank receipts, Dip test authorization)

g. Copy of the port storage agreement.

h. Copy of the charter party agreement(s) to transport the product to discharge port.

10.Delivery commences as per contract and the shipment should arrive at Buyer’s discharge port within 25 - 30 days after the receipt and confirmation of the Conditional MT103/23 or Irrevocable, Confirmed, Transferable and Operative LC (covering the total value charge of the first Shipment).

11. The Buyer will issue Payment Instrument for subsequent Monthly Delivery within 7 (Seven) Banking Days after receipt of the Good under the Condition of CIF ANY SAFE WORLD PORT, and after presentation of all relevant shipping documents from the Seller’s Bank to the Buyer’s Bank.

 12.Buyer will make direct payment to Refinery Bank for each Shipment, within seven (7) Banking days after receipt of the product under the agreed condition and after presentation of the accurate documents to the Buyer’s Bank. Then The Buyer must do TT Wire Transfer or MT103 for Consultant service, Commission to the all accounts as per NCNDA/IMFPA (With in 24 hours.)