D2 Sellers Published date: December 7, 2015 Modified date: December 7, 2015

We offer D2, JP54 and Mazut- FOB/CIF.

For FOB JP54 and D2 seller can provide the fuel in Rotterdam within 4 days, Buyer only need to follow procedures as attached.

TRANSACTION TERMS AND CONDITIONS:

DELIVERY: CIF & FOB TERMS
PAYMENY TERM: Non-Transferable MT 760 / Standby Letter of Credit.
PERFORMANCE BOND: 2% Performance Bond will be issued from Seller’s bank to Buyer’s bank upon receipt of buyer’s financial instrument in Seller’s bank.
QUALITY: Q&Q test report will be conducted at the loading port by SGS or Equivalent at the expense of the seller company.
PRODUCTS ORIGIN: Russian Federation.
COMMISSION: The buyer is responsible for paying the agreed commission of USD$ 10 (TEN Dollar) per metric and USD$ 6 (SIX Dollar) per barrel to be divided as follows; USD$ 5 (Five Dollar) per metric ton to be paid to the seller group (CLOSED)
USD$ 5 (Five Dollar) per metric ton to be paid to the buyer group.

The agreed commission will be included within an Irrevocable Master Fee Protection Agreement (IMFPA) to be signed between the buyer and the seller group of each party prior to issuance of the Sales and Purchase Agreement (SPA).

RUSSIA DIESEL GAS D2 OIL GOST 305-82
MINIMUM QUANTITY MAXIMUMQUANTITY PRICE NET GROSS
2,000 METRIC TONS 500,000 METRIC TONS C.I.F USD $400/410
50,000 METRIC TONS 200,000 METRIC TONS F.O.B USD $390/400

RUSSIA MAZUT M100 GOST 10585/75
MINIMUM QUANTITY MAXIMUMQUANTITY PRICE NET GROSS
2,000 METRIC TONS 500,000 METRIC TONS C.I.F USD $ 320 USD $ 330
FOB CONTRACT BASIS PRICE NET GROSS
50,000 METRIC TONS 200,000 METRIC TONS F.O.B USD $ 310 USD $ 320

RUSSIA AVIATION KEROSENE COLONIAL GRADE JP54
MINIMUM QUANTITY MAXIMUMQUANTITY PRICE NET GROSS
500,000 BARRELS 3,000,000 BARRELS C.I.F USD $ 52 USD $ 58
FOB CONTRACT BASIS PRICE NET GROSS
500,000 BARRELS 1,500,000 BARRELS F.O.B USD $ 46 USD $ 52

PAYMENT & BANKING PROCEDURES FOB

1. Buyer issues official ICPO/LOI
2. Seller issues draft contract with commercial invoice to buyer, buyer sign and return to seller for final endorsement.
3. Seller issues POP document to buyer.
a) Products Quality Passport,
b) Copy of Refinery Commitment,
c) Copy of Export License,
d) Copy of statement of availability of the Product,
e) Refinery Affidavit,
f) Certificate of Origin,
4. Buyer to utilize the services of nominated and approved tank farm for temporary storage in Rotterdam.
5. Within a maximum of 72 hours Buyer sends to Seller the Tank Storage Agreement (TSA).Then Seller verifies the TSA and asks Buyer to provide Tank Storage Receipts (TSR) to receive the product in Rotterdam.
6. Seller issue to Buyer the Dip Test Authorization (DTA).
7. Buyer conduct Dip Test and makes payment for the total product value and Seller transfer ownership title to Buyer and issues ATS simultaneously.
8. Seller pays commissions to Seller side and Buyer side intermediaries via MT103.

PAYMENT & BANKING PROCEDURES CIF

1. Buyer issue ICPO addressed to the Seller (Refinery).
2. Seller issues Draft SPA for all parties to review and endorsed along with the NCNDA/IMFPA, Buyer sign and send back with letter of acceptance.
3. Seller and Buyer will jointly sign Charter Party Agreement with the Shipping Company, and both pay for the freight cost to the shipping company.
4. The Shipping Company issue Q88/ BILL OF LADING/ VESSEL TANKER DETAILS /AND TERMINAL.
5. Seller SWIFT to Buyer’s bank THE FULL PROOF OF PRODUCT (FULL POP).
6. Buyer issue payment instrument for the total lift able quantity via DLC Transferable or Non-Transferable.
7. Lifting commence, within 48 hours of delivering seller release payment to the intermediaries involved in the transaction.

• Company Name: Oil & Gas trading
• Country: Norway

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