D2 Sellers Published date: October 15, 2014 Modified date: October 15, 2014

DIESEL GAS D2 OIL GOST 305-82 Minimum 100,000 MT per Month x 12 Months, CIF USD 600 Gross/580 Net Maximum 500,000 MT x 12 Months, FOB USD 590 Gross / 570 Net

CONDITIONS
Origin: Russian Origin. Inspection: SGS, CCIC, CIQ or Similar at the expense of the Principal End Seller at the
port of loading Novorossiysk. Performance Bond: 2% Performance Bond to be issued by Principal End Seller’s
Bank. Specification: Export Standard Quality. Delivery: CIF to Any Safe Water Port. Payment: Irrevocable Non-

Transferable Documentary Letter of Credit
TRANSACTION PROCEDURES
1. Buyer issues official LOI/ICPO with seller working commercial procedure and NCNDA for seller
endorsement.
2. Seller issues official draft contract to the Buyer for review and endorsement.
3. Buyer signs and returns official draft contract.
4. Seller issues Attestation Letter of Act of Transfer to buyer for endorsement.
5. Buyer counter signs and returns back to Seller for Russia authorities Notarization.
6. Buyer issues MT799 (Block Fund) to Sellers Nominated Bank to confirm availability of Funds to enables
Seller carry out all internal and external expenses without default until vessel reaches Buyer’s destination point
for CIQ/SGS Inspection.
7. Seller officially registers, legalizes and notarizes the endorsed draft Contract / Attestation Letter of Act of
Transfer with the appropriate authorities. Expenses borne by Seller.
8. Seller Appoints and signs Charter Party Agreement with the Shipping Company. Expenses borne by Seller.
9. Seller issues PARTIAL POP document
- Copy of license to export.
- Copy of approval to export.
- Copy of statement of availability of the product.
- Copy of the refinery commitment to produce the product.
- Copy of Transport company contract to transport the product to the port
- Copy of the port storage agreement
- Copy of the charter party agreement(s) to transport the product to discharge port
10. Seller’s bank notify Buyer’s bank that 2%PB of shipment value will be issued within 3 days as a guarantee
for delivery.
11. Within 3 days of respond from Buyer Bank, Seller Bank issues 2% PB of shipment value.
12. Within 4 days Seller issues to Buyer FULL POP Bank to Bank
- Copy of license to export.
- Copy of approval to export.
- Copy of statement of availability of the product.
- Copy of the refinery commitment to produce the product.
- Copy of Transport company contract to transport the product to the port
- Copy of the port storage agreement
- Copy of the charter party agreement(s) to transport the product to discharge port and ETC.
- Product Passport (Dip Test Result)
- The customs formalities
- Bill of Lading
- Title of Ownership
13. Shipment commences as Scheduled in the Contract and upon arrival of the first cargo at the Discharge port,
14. Buyer makes payment for the Shipment via T/T MT103 after CIQ/SGS Inspection at discharging Port.
15. Seller releases commissions immediately to the intermediaries as per NCNDA-IMFPA

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