D2 Sellers Published date: February 3, 2025

ORIGIN: KAZAKHSTAN

DELIVERING INCOTERMS: CIF/FOB/

INCOTERMS: COST INSURANCE & FREIGHT

LOADING PORT: NOVOROSSIYSK, VLADIVOSTOK, ROTTERDAM & HOUSTON PORTS

PAYMENT TERMS: T/T WIRE TRANSFER & MT103

INSPECTION: SGS

INSURANCE: PAID BY THE SELLER, COVERING 110% OF THE SHIPMENT VALUE

VIRGIN FUEL OIL D6:

Minimum Quantity: 400,000,000m Gallons per Month x 12

Maximum Quantity: 800,000,000 (800 million) Gallons per Month x 12

CIF Price: Gross USD $0.69 / USD $0.67 NET on CIF

FOB Price: Gross USD $0.67 / USD $0.65 NET on FOB

TERMS AND CONDITIONS FOB (1):

1. Buyer issues Irrevocable Corporate Purchase Order (ICPO) with seller procedures.

2. Seller issues commercial Invoice. The buyer signs and returns to the seller along with
a verifiable Tank Storage agreement (TSA).

3. Seller provides the following PPOP documents via Email or Fax to Buyer.
A. Authorization/Authority to Sell (ATS)
B. Product Passport
C. Letter of Commitment to Supply
D. Statement of Product Availability.

4. Within 3 days of the receipt & verification of the above PPOP documents, the Buyer shall provide Tank Storage Receipts (TSR) from their tank farm.

5. Seller issues Authorization to Inject (ATI) Document at the Loading port with injection permit.

6. Seller issues (DTA) Dip Test Authorization and complete Fuel Injection Report from the Pipeline Transportation Company.

7. Upon satisfactory Dip Test Inspection carried out by the buyer / SGS, the Seller immediately issues the Title Transfer of Product Ownership / Certificate of Ownership of the buyer’s company alongside all necessary Export Documents.

7.1. Buyer releases full cost of the Liftable product via MT103 TT wire transfer to Seller’s nominated Account within 72 hours and Lifting commences.

7.2. Seller pays all intermediaries involved in the transaction as per IMFPA/NCNDA.


TERMS AND CONDITIONS FOB (2):

1. Buyer accepts seller working procedure and issues ICPO addressed to the End seller via Seller's representative

2. Seller issues Commercial Invoice (CI), and Buyer signs and returns the commercial invoice.

3. Seller provides the buyer with the below listed PPOP.

A. Product Passport (product analysis report)
B. Authorization to verify (ATV) via email or call
C. Commitment Letter to Supplier
D. Authorization to sell and collect (ATSC)

4. Buyer extends seller tank to take over the product in the tanks as it is easier
and safer to avoid contamination from tank to tank.

5. Seller provides the buyer with SGS report, Injection Report, unconditional DTA

6. (NCNDA/IMFPA) will be signed by the buyer within 24 hours after a successful dip test in the seller tanks and provide tank storage receipt (TSR). The seller proceeds with the tank-to-tank injection and provides the buyer with the injection report of the product into the buyer's tanks.

7. Buyer makes a payment for the total cost of the product injected into buyer tanks via MT103; Seller transfers title ownership to the buyer with all exportation documents required of the buyer for the transaction.

8. Upon conclusion of the first lift transaction, the seller pays all intermediaries involved in the transaction and proceeds with the signing of the contract with the Buyer.

REFERENCE#:6/SEP/24/0409/ZHARAVIN

• Company Name: Strickland Associates, LLC
• Country: USA

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